NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$149.75
+3.24 (+2.21 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$148.08
$152.42
50-Day Range
$144.88
$163.82
52-Week Range
$81.09
$166.67
Volume2.44 million shs
Average Volume2.11 million shs
Market Capitalization$40.32 billion
P/E Ratio64.00
Dividend Yield1.06%
Beta1.69
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200
Employees18,000
Year Founded1989

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$11.12 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$40.32 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableOptionable

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Headlines

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Microchip Technology logo

About Microchip Technology

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors; and microcontrollers for automotive, industrial, aerospace, office communication, and computing applications. It also provides development tools that enable system designers to program microcontroller products for specific applications; field-programmable gate array (FPGA) products; and analog, power, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and 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, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, aerospace products. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.

MarketRank

Overall MarketRank

2.20 out of 5 stars

Computer And Technology Sector

38th out of 1,563 stocks

Semiconductors & Related Devices Industry

8th out of 147 stocks

Analyst Opinion: 1.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

Is Microchip Technology a buy right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Microchip Technology stock.
View analyst ratings for Microchip Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Microchip Technology?

Wall Street analysts have given Microchip Technology a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Microchip Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) released its quarterly earnings results on Thursday, May, 6th. The semiconductor company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.74 by $0.11. The semiconductor company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. Microchip Technology had a net margin of 11.62% and a trailing twelve-month return on equity of 25.02%. Microchip Technology's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share.
View Microchip Technology's earnings history
.

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 104.0% and is now trading at $149.75.
View which stocks have been most impacted by COVID-19
.

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

Microchip Technology announced a quarterly dividend on Thursday, May 6th. Investors of record on Friday, May 21st will be paid a dividend of $0.413 per share on Friday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 20th. This is a boost from Microchip Technology's previous quarterly dividend of $0.39.
View Microchip Technology's dividend history
.

Is Microchip Technology a good dividend stock?

Microchip Technology pays an annual dividend of $1.56 per share and currently has a dividend yield of 1.06%. Microchip Technology has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Microchip Technology is 30.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 23.46% next year. This indicates that Microchip Technology will be able to sustain or increase its dividend.
View Microchip Technology's dividend history.

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

Microchip Technology updated its first quarter earnings guidance on Thursday, May, 6th. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.81. The company issued revenue guidance of $1.519 to $1.577 billion, compared to the consensus revenue estimate of $1.50 billion.

What price target have analysts set for MCHP?

23 equities research analysts have issued 12-month price targets for Microchip Technology's stock. Their forecasts range from $110.00 to $200.00. On average, they expect Microchip Technology's stock price to reach $155.71 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts' price targets for Microchip Technology
or view top-rated stocks among Wall Street analysts.

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:
  • Mr. Stephen Sanghi, Exec. Chair (Age 65, Pay $1.75M) (LinkedIn Profile)
  • Mr. Ganesh Moorthy, CEO, Pres & Director (Age 61, Pay $705.49k) (LinkedIn Profile)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 50, Pay $359.51k) (LinkedIn Profile)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 69, Pay $441.68k) (LinkedIn Profile)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 & MCU16 Bus. Units (Age 60, Pay $401.93k) (LinkedIn Profile)
  • Kimberly van Herk, VP, Gen. Counsel & Corp. Sec.
  • Ms. Lauren A. Carr, Sr. VP of Global HR (LinkedIn Profile)
  • Mr. Michael A. Finley, Sr. VP of Fab Operations (LinkedIn Profile)
  • Mr. Richard J. Simoncic, Sr. VP of Analog Power & Interface Bus. Units (Age 57) (LinkedIn Profile)
  • Mr. Mitchel Obolsky, Sr. VP of Networking and Data Center Bus. Units (LinkedIn Profile)

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

534 employees have rated Microchip Technology CEO Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among Microchip Technology's employees.

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), 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 variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.56%), Coho Partners Ltd. (0.49%), Swiss National Bank (0.37%), DekaBank Deutsche Girozentrale (0.25%) and Fenimore Asset Management Inc. (0.23%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl and Wade F Meyercord.
View institutional ownership trends for Microchip Technology
.

Which institutional investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including First Hawaiian Bank, Los Angeles Capital Management LLC, Markel Corp, Davidson Investment Advisors, Mariner LLC, Fort Washington Investment Advisors Inc. OH, Coho Partners Ltd., and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold Microchip Technology company stock in the last year include Ganesh Moorthy, James Eric Bjornholt, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology
or view top insider-selling stocks.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Victory Capital Management Inc., Cibc World Markets Corp, Envestnet Asset Management Inc., Wesbanco Bank Inc., Swiss National Bank, International Assets Investment Management LLC, and Robeco Schweiz AG.
View insider buying and selling activity for Microchip Technology
or or view top insider-buying stocks.

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 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 $149.75.

How much money does Microchip Technology make?

Microchip Technology has a market capitalization of $40.32 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.

How many employees does Microchip Technology have?

Microchip Technology employs 18,000 workers across the globe.

Does Microchip Technology have any subsidiaries?

The following companies are subsidiares of Microchip Technology: Atmel, Atmel, Atmel Holdings Inc., EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, MBarb Malta Limited, MCHP Technology Malta Limited, Micrel, Microchip Holding Corporation, Microchip Malta BMD Limited, Microchip Technology (Barbados) II Incorporated, Microchip Technology (Netherlands) Europe B.V., Microchip Technology (Thailand) Co. Ltd., Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Communications LLC, Microsemi Corp. - Holding 2, Microsemi Corporation, Microsemi Solutions SDN BHD., Microsemi Solutions UK Limited, Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.

When was Microchip Technology founded?

Microchip Technology was founded in 1989.

What is Microchip Technology's official website?

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

Where are Microchip Technology's headquarters?

Microchip Technology is headquartered at 2355 W CHANDLER BLVD, CHANDLER AZ, 85224.

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 5/9/2021 by MarketBeat.com Staff
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