Microchip Technology Incorporated Company Profile (NASDAQ:MCHP)

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

Microchip Technology Incorporated announced a quarterly dividend on Tuesday, May 9th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.3615 per share on Tuesday, June 6th. This represents a $1.45 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, May 19th. This is a positive change from Microchip Technology Incorporated's previous quarterly dividend of $0.36. View Microchip Technology Incorporated's Dividend History.

Microchip Technology Incorporated (NASDAQ:MCHP) announced its quarterly earnings data on Tuesday, May, 9th. The company reported $1.16 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.06 by $0.10. The business had revenue of $902.70 million for the quarter, compared to analyst estimates of $891.14 million. Microchip Technology Incorporated had a return on equity of 31.64% and a net margin of 4.83%. The company's revenue was up 61.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share. View Microchip Technology Incorporated's Earnings History.

Microchip Technology Incorporated updated its first quarter earnings guidance on Monday, June, 5th. The company provided earnings per share (EPS) guidance of $1.22-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of $943.80 million, compared to the consensus revenue estimate of prior $1.17-1.27.

16 brokers have issued 12-month price objectives for Microchip Technology Incorporated's stock. Their forecasts range from $57.00 to $115.00. On average, they expect Microchip Technology Incorporated's share price to reach $85.47 in the next year. View Analyst Ratings for Microchip Technology Incorporated.

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

• 1. Mizuho analysts commented, "We were able to briefly catch up with MCHP management and, while we believe JunQ orders are strong, capacity constraints may be driving some challenges into the SepQ. Maintaining our Neutral, but raising estimates and our PT to $80. While MCHP is executing well under CEO Steve Sanghi, we believe at ~16x P/E the stock is fairly valued. With strong FCF we expect MCHP to focus on continuing M&A. MCHP noted broad strength in multiple verticals industrial, automotive which could be a positive for CY and ON. KeyPoints MCHP tightened its guidance to the high end of its range. MCHP narrowed its JunQ guide towards the higher end of the range given out on the MarQ earnings call." (6/7/2017)
• 2. Needham & Company LLC analysts commented, "During the past two days, we hosted a series of investor meetings in New York and Boston with Microchip’s CFO, Eric Bjornholt, and VP of Europe Finance and Investor Relations, Nawax Sharif. The company outlined multiple growth drivers including: MCU market growth/share gains (currently ~13% market share), an Analog attach strategy and the continued integration of Atmel/ open to more M&A. We are modeling non-GAAP EPS of $4.45 in 2018 and $5.00 in 2019 and a FCF margin of 30%." (3/10/2017)
• 3. According to Zacks Investment Research, "Microchip is one of the better-positioned companies in the semiconductor industry based on its product strength. The company's expanding product portfolio enables it to continuously outperform the broader industry. We believe that the company's impressive third-quarter fiscal 2017 results and positive outlook will help it sustain momentum going ahead. Moreover, acquisitions like that of Atmel are likely to expand its geographical presence, augment customer base, extend product portfolio and supplement operational excellence. We note that the company has outperformed the broader industry in the past one-year. However, high integration costs continue to be a drag on profitability. The semiconductor industry is also intensely competitive and is characterized by price erosion and rapid technological change." (2/10/2017)

Microchip Technology Incorporated saw a increase in short interest in June. As of June 30th, there was short interest totalling 25,661,767 shares, an increase of 1.6% from the June 15th total of 26,068,047 shares. Based on an average daily trading volume, of 2,926,549 shares, the short-interest ratio is presently 8.8 days. Currently, 11.4% of the shares of the company are sold short.

Some companies that are related to Microchip Technology Incorporated include NXP Semiconductors N.V. (NXPI), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), STMicroelectronics N.V. (STM), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), ON Semiconductor Corporation (ON), Coherent (COHR), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Jabil Circuit (JBL) and Semiconductor Manufacturing International Corporation (SMI).

Microchip Technology Incorporated's management team includes the folowing people:

• Steve Sanghi, Chairman of the Board, Chief Executive Officer
• Ganesh Moorthy, President, Chief Operating Officer
• James Eric Bjornholt, Chief Financial Officer, Vice President
• Mitchell R. Little, Vice President - Worldwide Sales and Applications
• Stephen V. Drehobl, Vice President - MCU8 and Technology Development Division
• Richard J. Simoncic, Vice President - Analog Power and Interface Products Division
• Matthew W. Chapman, Independent Director
• L. B. Day, Independent Director
• Esther L. Johnson, Independent Director
• Wade F. Meyercord, Independent Director

Microchip Technology Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.40%), SPF Beheer BV (0.40%), GW&K Investment Management LLC (0.26%), Gateway Investment Advisers LLC (0.17%), Bank of Montreal Can (0.16%) and US Bancorp DE (0.15%). Company insiders that own Microchip Technology Incorporated stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Institutional Ownership Trends for Microchip Technology Incorporated.

Microchip Technology Incorporated's stock was sold by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, First National Bank of Omaha, Hallmark Capital Management Inc., Glaxis Capital Management LLC, Advisors Capital Management LLC, Exane Derivatives, US Bancorp DE and Oregon Public Employees Retirement Fund. Company insiders that have sold Microchip Technology Incorporated stock in the last year include James Eric Bjornholt, L B Day, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology Incorporated.

Microchip Technology Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Handelsbanken Fonder AB, Centre Asset Management LLC, Bank of Montreal Can, Mn Services Vermogensbeheer B.V., National Pension Service, Aperio Group LLC and Capstone Asset Management Co.. View Insider Buying and Selling for Microchip Technology Incorporated.

Shares of Microchip Technology Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Microchip Technology Incorporated stock can currently be purchased for approximately $83.04.