S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$84.47
+1.04 (+1.25%)
(As of 12/1/2021 12:00 AM ET)
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Today's Range
$84.24
$88.93
50-Day Range
$70.25
$166.08
52-Week Range
$64.53
$88.93
Volume
5.91 million shs
Average Volume
3.95 million shs
Market Capitalization
$46.87 billion
P/E Ratio
73.77
Dividend Yield
1.11%
Beta
1.58
30 days | 90 days | 365 days | Advanced Chart
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Microchip Technology logo

About Microchip Technology

Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the 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.

Headlines

Strong Buy Stocks Get Price Target Hikes at Raymond James
November 9, 2021 |  pricetargets.com
MX vs. MCHP: Which Stock Is the Better Value Option?
November 16, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
19,500
Year Founded
1989

Sales & Book Value

Annual Sales
$5.44 billion
Cash Flow
$5.54 per share
Book Value
$9.91 per share

Profitability

Net Income
$349.40 million
Pretax Margin
11.97%

Debt

Price-To-Earnings

Miscellaneous

Free Float
543,607,000
Market Cap
$46.87 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/04/2021
Ex-Dividend
11/18/2021
Today
12/02/2021
Dividend Payable
12/03/2021
Next Earnings (Estimated)
2/03/2022
Fiscal Year End
3/31/2022

Social Links


MarketRank

Overall MarketRank

2.86 out of 5 stars

Computer And Technology Sector

53rd out of 892 stocks

Semiconductors & Related Devices Industry

10th out of 119 stocks

Analyst Opinion: 3.4Community Rank: 4.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

Is Microchip Technology a buy right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 5 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Microchip Technology stock.
View analyst ratings for Microchip Technology
or view top-rated stocks.

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

Microchip Technology's stock was trading at $36.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCHP stock has increased by 130.2% and is now trading at $84.47.
View which stocks have been most impacted by COVID-19
.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Thursday, February 3rd 2022.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) issued its earnings results on Thursday, November, 4th. The semiconductor company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The semiconductor company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Microchip Technology had a net margin of 10.72% and a trailing twelve-month return on equity of 35.06%. The business's quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 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 declared a quarterly dividend on Thursday, November 4th. Investors of record on Friday, November 19th will be paid a dividend of $0.232 per share on Friday, December 3rd. This represents a $0.93 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, November 18th. This is a boost from Microchip Technology's previous quarterly dividend of $0.22.
View Microchip Technology's dividend history
.

Is Microchip Technology a good dividend stock?

Microchip Technology pays an annual dividend of $0.93 per share and currently has a dividend yield of 1.11%. 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 81.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 20.99% 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 third quarter 2022 earnings guidance on Thursday, November, 25th. The company provided earnings per share (EPS) guidance of $1.140-$1.200 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.090. The company issued revenue guidance of $1.72 billion-$1.78 billion, compared to the consensus revenue estimate of $1.68 billion.

What price target have analysts set for MCHP?

19 analysts have issued 12 month target prices for Microchip Technology's shares. Their forecasts range from $76.00 to $120.00. On average, they expect Microchip Technology's stock price to reach $97.97 in the next twelve months. This suggests a possible upside of 16.0% 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:
  • Ganesh Moorthy, President, Chief Executive Officer & Director
  • James Eric Bjornholt, Senior VP, Chief Financial & Accounting Officer (LinkedIn Profile)
  • Kimberly van Herk, Secretary, Vice President & General Counsel
  • Mitchell R. Little, Senior Vice President-Worldwide Client Engagement (LinkedIn Profile)
  • Stephen V. Drehobl, Senior Vice President-MCU8 & MCU16 Business Units

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.

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 many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.99%), Geode Capital Management LLC (0.91%), Janus Henderson Group PLC (0.60%), Platinum Investment Management Ltd. (0.36%), Mizuho Markets Americas LLC (0.00%) and Massachusetts Financial Services Co. MA (0.29%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, 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 Lord Abbett & CO. LLC, Janus Henderson Group PLC, Millennium Management LLC, Victory Capital Management Inc., First Hawaiian Bank, Barclays PLC, Eagle Asset Management Inc., and Rafferty Asset Management LLC. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, John P Sexton, 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 major investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Mizuho Markets Americas LLC, Two Sigma Advisers LP, Capitolis Advisors LLC, Van ECK Associates Corp, CastleArk Alternatives LLC, Balyasny Asset Management LLC, Balyasny Asset Management LLC, and Deutsche Bank 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 $84.47.

How much money does Microchip Technology make?

Microchip Technology has a market capitalization of $46.87 billion and generates $5.44 billion in revenue each year. The semiconductor company earns $349.40 million in net income (profit) each year or $1.1450 on an earnings per share basis.

How many employees does Microchip Technology have?

Microchip Technology employs 19,500 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, MCHP Technology Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Ireland Limited, Microchip Technology LLC, Microsemi, Microsemi - IOM Limited, Microsemi Corp. - Holding 2, Microsemi Corp. – Holding, Microsemi Corporation, Microsemi SoC Corp., Microsemi Solutions SDN BHD., Microsemi Solutions UK Limited, Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Silicon Storage Technology Inc., 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, via email at [email protected], or via fax at 480-899-9210.


This page was last updated on 12/2/2021 by MarketBeat.com Staff

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