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NASDAQ:MCHPMicrochip Technology Stock Price, Forecast & News

$96.39
+0.96 (+1.01 %)
(As of 05/29/2020 01:35 PM ET)
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Compare
Today's Range
$95.13
Now: $96.39
$97.15
50-Day Range
$73.34
MA: $83.83
$96.75
52-Week Range
$53.15
Now: $96.39
$112.47
Volume2.99 million shs
Average Volume2.87 million shs
Market Capitalization$23.09 billion
P/E Ratio43.42
Dividend Yield1.52%
Beta1.6
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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Microchip Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 5.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$9.65 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Employees18,286
Market Cap$23.09 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

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

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCHP shares have increased by 30.7% and is now trading at $95.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Microchip Technology?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 6 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Microchip Technology.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Microchip Technology.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) announced its quarterly earnings data on Thursday, May, 7th. The semiconductor company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The semiconductor company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Microchip Technology had a net margin of 10.82% and a return on equity of 23.63%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 EPS. View Microchip Technology's earnings history.

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

Microchip Technology announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.3675 per share on Thursday, June 4th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, May 20th. This is a boost from Microchip Technology's previous quarterly dividend of $0.37. View Microchip Technology's dividend history.

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

Microchip Technology issued an update on its first quarter earnings guidance on Thursday, May, 7th. The company provided earnings per share guidance of $1.25-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.25. The company issued revenue guidance of $1.194-1.30 billion, compared to the consensus revenue estimate of $1.25 billion.

What price target have analysts set for MCHP?

21 brokerages have issued 1 year target prices for Microchip Technology's stock. Their forecasts range from $81.00 to $130.00. On average, they expect Microchip Technology's stock price to reach $104.20 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View analysts' price targets 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’s Q4 earnings and revenues declined year over year. Sluggish demand across automotive, industrial and consumer home appliance end-markets owing to coronavirus crisis-induced broad-based macroeconomic weakness led to the decline. Notably, shares have underperformed the industry in the year-to-date period. However, coronavirus crisis-induced supply chain disruptions led to sequential increase in demand across communication and data center end-markets. Moreover, solid demand of microcontrollers holds promise. The company is also anticipated to witness strength in medical end market, driven by growth in demand for hospital equipment. Further, improving demand across office equipment and communication infrastructure, courtesy of requirement for cloud computing solutions amid coronavirus crisis led work-from-home wave, holds promise." (5/27/2020)
  • 2. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)

Has Microchip Technology been receiving favorable news coverage?

News headlines about MCHP stock have trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Microchip Technology earned a news sentiment score of 2.7 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the next few days. View the latest news aboutMicrochip Technology.

Are investors shorting Microchip Technology?

Microchip Technology saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 30,290,000 shares, an increase of 5.5% from the April 15th total of 28,720,000 shares. Based on an average trading volume of 4,110,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 12.9% of the company's stock are short sold. View Microchip Technology's Current Options Chain.

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), Alibaba Group (BABA), Intel (INTC), Applied Materials (AMAT), Cisco Systems (CSCO), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Lam Research (LRCX) and Netflix (NFLX).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 63)
  • Mr. Ganesh Moorthy, Pres & COO (Age 59)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 48)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 67)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 and MCU16 Bus. Units (Age 58)

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 institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (5.95%), Aristotle Capital Management LLC (3.58%), Principal Financial Group Inc. (2.47%), Geode Capital Management LLC (1.65%), Waddell & Reed Financial Inc. (1.17%) and Massachusetts Financial Services Co. MA (0.89%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic and Stephen V Drehobl. 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 Geode Capital Management LLC, Lyrical Asset Management LP, KBC Group NV, Massachusetts Financial Services Co. MA, Pictet Asset Management Ltd., Mackenzie Financial Corp, Weiss Multi Strategy Advisers LLC, and First Trust Advisors LP. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, and Richard J Simoncic. View insider buying and selling activity for Microchip Technology.

Which major investors are buying Microchip Technology stock?

MCHP stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Viking Global Investors LP, Van ECK Associates Corp, Los Angeles Capital Management & Equity Research Inc., Balyasny Asset Management LLC, Swiss National Bank, and Principal Financial Group Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $95.95.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $22.98 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. Microchip Technology employs 18,286 workers across the globe.

What is Microchip Technology's official website?

The official website for Microchip Technology is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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