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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
NASDAQ:MCHP

Microchip Technology - MCHP Stock Forecast, Price & News

$85.34
+0.81 (+0.96%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$83.51
$87.76
50-Day Range
$67.87
$84.53
52-Week Range
$54.33
$87.76
Volume
8.94 million shs
Average Volume
4.85 million shs
Market Capitalization
$46.94 billion
P/E Ratio
26.10
Dividend Yield
1.62%
Price Target
$84.85

Microchip Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
5.5% Upside
$90.00 Price Target
Short Interest
Healthy
2.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.78mentions of Microchip Technology in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$59,829 Sold Last Quarter
Proj. Earnings Growth
-1.77%
From $5.66 to $5.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.06 out of 5 stars

Computer And Technology Sector

17th out of 610 stocks

Semiconductors & Related Devices Industry

2nd out of 89 stocks

MCHP stock logo

About Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment is involved in designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one-time programmable technologies. The company was founded on February 14, 1989, and is headquartered in Chandler, AZ.

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MCHP Stock News Headlines

“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Microchip Technology (MCHP) to Release Earnings on Thursday
Microchip Technology Is Booting Up
onsemi's (ON) New EliteSiC Solutions to Boost Prospects
See More Headlines
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MCHP Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/6 Dividend
11/21/2022
Dividend Payable
12/06/2022
Today
2/04/2023
Dividend Payable
3/07/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/08/2023
Ex-Dividend for 3/7 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
21,000
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$90.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
18 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
29.67%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.83 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
539,009,000
Market Cap
$46.94 billion
Optionable
Optionable
Beta
1.59

Social Links


Key Executives

  • Ganesh MoorthyGanesh Moorthy
    President, Chief Executive Officer & Director
  • James Eric BjornholtJames Eric Bjornholt
    Senior VP, Chief Financial & Accounting Officer
  • Kimberly van Herk
    Secretary, Vice President & General Counsel
  • Stephen V. DrehoblStephen V. Drehobl
    Senior Vice President-MCU8 & MCU16 Business Units
  • Richard J. SimoncicRichard J. Simoncic
    SVP-32-bit MCU, MPU & Wireless Business Units













MCHP Stock - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MCHP shares.
View MCHP analyst ratings
or view top-rated stocks.

What is Microchip Technology's stock price forecast for 2023?

21 Wall Street research analysts have issued 1 year price targets for Microchip Technology's shares. Their MCHP share price forecasts range from $72.00 to $125.00. On average, they expect the company's share price to reach $92.73 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for MCHP
or view top-rated stocks among Wall Street analysts.

How have MCHP shares performed in 2023?

Microchip Technology's stock was trading at $70.25 at the beginning of 2023. Since then, MCHP shares have increased by 21.5% and is now trading at $85.34.
View the best growth stocks for 2023 here
.

Are investors shorting Microchip Technology?

Microchip Technology saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 13,600,000 shares, a decline of 13.4% from the December 31st total of 15,700,000 shares. Based on an average daily trading volume, of 4,770,000 shares, the short-interest ratio is currently 2.9 days.
View Microchip Technology's Short Interest
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) announced its quarterly earnings data on Thursday, November, 4th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The semiconductor company earned $1.65 billion during the quarter, compared to analysts' expectations of $1.65 billion. Microchip Technology had a net margin of 24.14% and a trailing twelve-month return on equity of 47.90%. The business's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS.
Read the conference call transcript
.

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

Microchip Technology declared a quarterly dividend on Thursday, February 2nd. Stockholders of record on Tuesday, February 21st will be paid a dividend of $0.358 per share on Tuesday, March 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.31 per share and currently has a dividend yield of 1.62%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 23.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

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

Microchip Technology updated its fourth quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $1.61-$1.63 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $2.19 billion-$2.26 billion, compared to the consensus revenue estimate of $2.19 billion.

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

534 employees have rated Microchip Technology Chief Executive Officer Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among the company's employees.

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), Lam Research (LRCX) and Broadcom (AVGO).

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 investors include Coho Partners Ltd. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.51%), Allspring Global Investments Holdings LLC (0.47%), Mizuho Markets Americas LLC (0.00%), Fenimore Asset Management Inc. (0.24%) and Bank of Montreal Can (0.14%). Insiders that own company stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, Karlton D Johnson, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord.
View institutional ownership trends
.

How do I buy shares of Microchip Technology?

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

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $85.34.

How much money does Microchip Technology make?

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $46.94 billion and generates $6.82 billion in revenue each year. The semiconductor company earns $1.29 billion in net income (profit) each year or $3.27 on an earnings per share basis.

How many employees does Microchip Technology have?

The company employs 21,000 workers across the globe.

Does Microchip Technology have any subsidiaries?
The following companies are subsidiares of Microchip Technology: Atmel, EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, LegUp Computing, MBarb Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Caldicot Limited, Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Corp. – Holding, Microsemi Corp. – Holding 2, Microsemi Corporation, Microsemi IOM Limited, Microsemi SoC Corp., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
How can I contact Microchip Technology?

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The official website for the company is www.microchip.com. The semiconductor company can be reached via phone at (480) 792-7200, via email at ir@microchip.com, or via fax at 480-899-9210.

This page (NASDAQ:MCHP) was last updated on 2/4/2023 by MarketBeat.com Staff