NASDAQ:MCHP - Microchip Technology Stock Price, News, & Analysis

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$72.20 +0.30 (+0.42 %)

(As of 12/11/2018 04:00 PM ET)

Previous Close$71.90

Today's Range$71.87 - $74.46

52-Week Range$60.70 - $104.20

Volume2.58 million shs

Average Volume3.23 million shs

Market Capitalization$16.62 billion

P/E Ratio13.91

Dividend Yield2.08%

Beta1.27

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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MCHP

Previous Symbol

CUSIP59501710

Webwww.microchip.com

Phone480-792-7200

Debt

Debt-to-Equity Ratio1.85

Current Ratio1.04

Quick Ratio0.64

Price-To-Earnings

Trailing P/E Ratio13.91

Forward P/E Ratio12.07

P/E Growth0.87

Sales & Book Value

Annual Sales$3.98 billion

Price / Sales4.29

Cash Flow$8.8589 per share

Price / Cash Flow8.15

Book Value$14.00 per share

Price / Book5.16

Profitability

EPS (Most Recent Fiscal Year)$5.19

Net Income$255.40 million

Net Margins0.59%

Return on Equity35.00%

Return on Assets10.80%

Miscellaneous

Employees14,234

Outstanding Shares236,510,000

Market Cap$16.62 billion

OptionableOptionable

Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

What is Microchip Technology's stock symbol?

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

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

Microchip Technology declared a quarterly dividend on Wednesday, November 7th. Investors of record on Wednesday, November 21st will be given a dividend of $0.3645 per share on Wednesday, December 5th. This represents a $1.46 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, November 20th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) posted its quarterly earnings data on Wednesday, November, 7th. The semiconductor company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.65 by $0.03. The semiconductor company earned $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Microchip Technology had a net margin of 0.59% and a return on equity of 35.00%. The business's revenue was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 EPS. View Microchip Technology's Earnings History.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Microchip Technology.

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

Microchip Technology updated its third quarter earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of $1.49-1.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65. The company issued revenue guidance of $1.362-1.438 billion, compared to the consensus revenue estimate of $1.47 billion.Microchip Technology also updated its Q3 2019 guidance to $1.49-1.64 EPS.

What price target have analysts set for MCHP?

18 Wall Street analysts have issued 1 year price targets for Microchip Technology's shares. Their forecasts range from $75.00 to $130.00. On average, they anticipate Microchip Technology's share price to reach $105.5556 in the next year. This suggests a possible upside of 46.2% from the stock's current price. View Analyst Price Targets for Microchip Technology.

What is the consensus analysts' recommendation for Microchip Technology?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Microchip Technology.

What are Wall Street analysts saying about Microchip Technology stock?

Here are some recent quotes from research analysts about Microchip Technology stock:

1. According to Zacks Investment Research, "Microchip develops and manufacturers microcontrollers, memory and analog and interface products for embedded control systems. The company is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. We believe that Microchip's expanding product portfolio driven by new launches will continue to expand customer base. Microchip also rides on strong demand for microcontroller and analog products, robust product pipeline and excellent semiconductor industry prospects. However, Increasing lead time and significant exposure to Asian markets is anticipated to limit gross margin expansion. Unfavorable movement in exchange rates continue to adversely impact the top line of the company and undermine its growth potential to some extent. Microchip has a highly leveraged balance sheet which adds to its woes. Notably, Microchip stock has reported a wider loss in its value compared with the industry's decline in the past one year." (12/10/2018)
2. Needham & Company LLC analysts commented, "MCHP reported strong 2Q19 results driven by growth across all segments. MCHP is doing a good job of integrating Microsemi and forecasts $8 of EPS in FY20. Unsurprisingly, there’s a temporary pause in auto due to the transition to the new emission standards in Europe and softness in China. While uncertainty still exists around the Chinese tariffs, MCHP has reduced MSCC and internal inventory to managed levels. We see growth drivers in Aerospace/Defense, continued synergies from MSCC and de-leveraging. With the stock down 20% YTD, we believe the shares are discounting much of this uncertainty." (11/8/2018)
3. Cfra analysts commented, "Sales are likely to increase 48% in FY 19 (Mar.) and 11% in FY 20, reflecting the acquisition of 14% increase in FY 18. MCHP is gaining share within most microcontroller categories, driven by new product momentum. Orders are likely to trend upwards over time, but there is limited visibility given demand uncertainty in China." (9/19/2018)
4. Rosenblatt Securities analysts commented, "We rate MCHP as a Buy with a $125 price target and would be opportunistic on potential near-term price pressure." (8/12/2018)

Has Microchip Technology been receiving favorable news coverage?

News coverage about MCHP stock has been trending somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Microchip Technology earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned news coverage about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting Microchip Technology?

Microchip Technology saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 38,121,871 shares, an increase of 0.3% from the November 15th total of 38,252,964 shares. Based on an average trading volume of 3,070,816 shares, the days-to-cover ratio is presently 12.4 days. Approximately 16.5% of the shares of the company are short sold. View Microchip Technology's Current Options Chain.

Who are some of Microchip Technology's key competitors?

Some companies that are related to Microchip Technology include Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Xilinx (XLNX), TOKYO ELECTRON/ADR (TOELY), Advanced Micro Devices (AMD), Kyocera (KYOCY), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), STMicroelectronics (STM), Marvell Technology Group (MRVL), ASE Technology (ASX) and Qorvo (QRVO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the folowing people:

Mr. Stephen Sanghi, CEO & Chairman (Age 62)
Mr. Ganesh Moorthy, Pres & COO (Age 58)
Mr. James Eric Bjornholt, VP & CFO (Age 47)
Mr. Mitchell R. Little, VP of Worldwide Sales & Applications (Age 66)
Mr. Stephen V. Drehobl, VP of MCU8 & Technology Devel. Division (Age 57)

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.09%), Dodge & Cox (4.44%), Dodge & Cox (4.44%), Pictet Asset Management Ltd. (1.34%), Massachusetts Financial Services Co. MA (1.29%) and OppenheimerFunds Inc. (0.81%). Company insiders that own Microchip Technology stock include Esther Johnson, Ganesh Moorthy, James Eric Bjornholt, L B Day, Mitchell R Little, Stephen V Drehobl, Steve Sanghi 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 Victory Capital Management Inc., Mackenzie Financial Corp, Mitsubishi UFJ Trust & Banking Corp, TIAA CREF Investment Management LLC, Castleark Management LLC, Korea Investment CORP, Sensato Investors LLC and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Microchip Technology company stock in the last year include Esther Johnson, James Eric Bjornholt, Mitchell R Little, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was purchased by a variety of institutional investors in the last quarter, including Dodge & Cox, Dodge & Cox, Pictet Asset Management Ltd., Ceredex Value Advisors LLC, Platinum Investment Management Ltd., Fifth Third Bancorp, Vanguard Group Inc. and Marshall Wace LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $72.20.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $16.62 billion and generates $3.98 billion in revenue each year. The semiconductor company earns $255.40 million in net income (profit) each year or $5.19 on an earnings per share basis. Microchip Technology employs 14,234 workers across the globe.

What is Microchip Technology's official website?

The official website for Microchip Technology is http://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]

MarketBeat Community Rating for Microchip Technology (NASDAQ MCHP)

Community Ranking:		3.0 out of 5 ( )
Outperform Votes:		624 (Vote Outperform)
Underperform Votes:		419 (Vote Underperform)
Total Votes:		1,043

MarketBeat's community ratings are surveys of what our community members think about Microchip Technology and other stocks. Vote "Outperform" if you believe MCHP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCHP will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 12/11/2018 by MarketBeat.com Staff

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