Log in
NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$97.65
-1.55 (-1.56 %)
(As of 09/23/2020 12:00 AM ET)
Add
Compare
Today's Range
$97.30
Now: $97.65
$100.31
50-Day Range
$98.50
MA: $104.32
$114.69
52-Week Range
$53.15
Now: $97.65
$115.11
Volume1.78 million shs
Average Volume3.33 million shs
Market Capitalization$24.65 billion
P/E Ratio39.06
Dividend Yield1.48%
Beta1.6
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices. In addition, the company licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, and analog products that require embedded non-volatile memory, as well as provides engineering services. Further, it provides wafer foundry and assembly and test subcontracting manufacturing services; and application specific integrated circuits, complex programmable logic devices, and aerospace products. It serves automotive, communications, computing, consumer, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.
Read More
Microchip Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.34 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$10.68 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Employees18,000
Market Cap$24.65 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$97.65
-1.55 (-1.56 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive MCHP News and Ratings via Email

Sign-up to receive the latest news and ratings for MCHP and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

How has Microchip Technology's stock price been impacted by Coronavirus (COVID-19)?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCHP shares have increased by 33.0% and is now trading at $97.65.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Microchip Technology?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Microchip Technology
.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) announced its quarterly earnings data on Tuesday, August, 4th. The semiconductor company reported $1.56 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.44 by $0.12. The semiconductor company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Microchip Technology had a return on equity of 24.31% and a net margin of 12.23%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share.
View Microchip Technology's earnings history
.

How often does Microchip Technology pay dividends? What is the dividend yield for Microchip Technology?

Microchip Technology announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 21st will be given a dividend of $0.368 per share on Friday, September 4th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, August 20th. This is an increase from Microchip Technology's previous quarterly dividend of $0.37.
View Microchip Technology's dividend history
.

What guidance has Microchip Technology issued on next quarter's earnings?

Microchip Technology issued an update on its second quarter 2021 Pre-Market earnings guidance on Wednesday, September, 9th. The company provided earnings per share (EPS) guidance of 1.36-1.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43. The company issued revenue guidance of $1.231-1.284 billion, compared to the consensus revenue estimate of $1.26 billion.

What price target have analysts set for MCHP?

23 equities research analysts have issued twelve-month price targets for Microchip Technology's shares. Their forecasts range from $95.00 to $130.00. On average, they anticipate Microchip Technology's share price to reach $115.14 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
View analysts' price targets for Microchip Technology
.

Are investors shorting Microchip Technology?

Microchip Technology saw a decline in short interest in August. As of August 31st, there was short interest totaling 14,510,000 shares, a decline of 25.1% from the August 15th total of 19,380,000 shares. Based on an average daily volume of 2,540,000 shares, the days-to-cover ratio is currently 5.7 days.
View Microchip Technology's Short Interest
.

Who are some of Microchip Technology's key competitors?

What other stocks do shareholders of Microchip Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Microchip Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Applied Materials (AMAT), Broadcom (AVGO) and Netflix (NFLX).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 63)
  • Mr. Ganesh Moorthy, Pres & COO (Age 59)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 48)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 67)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 and MCU16 Bus. Units (Age 58)

What is Microchip Technology's stock symbol?

Microchip Technology trades on the NASDAQ under the ticker symbol "MCHP."

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.55%), Mint Tower Capital Management B.V. (2.69%), Principal Financial Group Inc. (2.34%), Platinum Investment Management Ltd. (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.71%) and Charles Schwab Investment Management Inc. (0.66%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl and Wade F Meyercord.
View institutional ownership trends for Microchip Technology
.

Which major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Point72 Asset Management L.P., CIBC Private Wealth Group LLC, Platinum Investment Management Ltd., State of Wisconsin Investment Board, First Trust Advisors LP, Vanguard Group Inc., and William Blair Investment Management LLC. Company insiders that have sold Microchip Technology company stock in the last year include Ganesh Moorthy, James Eric Bjornholt, Mitchell R Little, Richard J Simoncic, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology
.

Which major investors are buying Microchip Technology stock?

MCHP stock was purchased by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., PointState Capital LP, Holocene Advisors LP, Rafferty Asset Management LLC, TimesSquare Capital Management LLC, Heritage Wealth Advisors, Muhlenkamp & Co. Inc., and Neuberger Berman Group LLC.
View insider buying and selling activity for Microchip Technology
.

How do I buy shares of Microchip Technology?

Shares of MCHP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $97.65.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $24.65 billion and generates $5.27 billion in revenue each year. The semiconductor company earns $570.60 million in net income (profit) each year or $5.18 on an earnings per share basis. Microchip Technology employs 18,000 workers across the globe.

What is Microchip Technology's official website?

The official website for Microchip Technology is www.microchip.com.

How can I contact Microchip Technology?

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The semiconductor company can be reached via phone at 480-792-7200 or via email at [email protected]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.