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Microchip Technology Stock Price, News & Analysis (NASDAQ:MCHP)

$96.37
-1.41 (-1.44 %)
(As of 10/23/2019 06:24 AM ET)
Today's Range
$96.26
Now: $96.37
$97.83
50-Day Range
$84.24
MA: $92.69
$97.30
52-Week Range
$60.70
Now: $96.37
$101.35
Volume1.40 million shs
Average Volume1.80 million shs
Market Capitalization$22.94 billion
P/E Ratio15.85
Dividend Yield1.50%
Beta1.41
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. Read More…

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$5.35 billion
Cash Flow$10.51 per share
Book Value$22.31 per share

Profitability

Net Income$355.90 million

Miscellaneous

Employees18,286
Market Cap$22.94 billion
Next Earnings Date11/5/2019 (Confirmed)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, August 6th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.366 per share on Wednesday, September 4th. This represents a $1.46 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Microchip Technology's previous quarterly dividend of $0.37. View Microchip Technology's Dividend History.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) announced its earnings results on Tuesday, August, 6th. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.16. The semiconductor company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. Microchip Technology had a return on equity of 27.79% and a net margin of 6.79%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. 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, November 5th 2019. View Earnings Estimates for Microchip Technology.

How can I listen to Microchip Technology's earnings call?

Microchip Technology will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Microchip Technology updated its second quarter earnings guidance on Tuesday, September, 3rd. The company provided EPS guidance of $1.37-1.49 for the period, compared to the Thomson Reuters consensus estimate of $1.44. The company issued revenue guidance of $1.323-1.375 billion, compared to the consensus revenue estimate of $1.35 billion.

What price target have analysts set for MCHP?

15 brokers have issued 1 year price objectives for Microchip Technology's shares. Their forecasts range from $75.00 to $120.00. On average, they expect Microchip Technology's stock price to reach $100.33 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Microchip Technology.

What is the consensus analysts' recommendation for Microchip Technology?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings and 10 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. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)
  • 2. According to Zacks Investment Research, "Microchip is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. Microchip also rides on strong demand for memory and analog and interface products. We believe that Microchip's expanding portfolio driven by new product roll outs will continue to expand customer base. Moreover, the company is well poised to capitalize on synergies from accretive Microsemi and Amtel acquisitions. However, Microchip is bearing the brunt of increasing lead time, slim demand trends in ZTE and Bitcoin business domains. Further, significant exposure to Asian markets amid imposition of tariff owing to trade war between the US and China is likely to weigh on margin expansion. Additionally, significant debt burden amid increasing expenses on product development remain major concerns." (7/25/2019)
  • 3. 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)

Has Microchip Technology been receiving favorable news coverage?

Press coverage about MCHP stock has trended somewhat positive recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by analyzing 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 2.0 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Microchip Technology.

Are investors shorting Microchip Technology?

Microchip Technology saw a drop in short interest during the month of September. As of September 30th, there was short interest totalling 31,280,000 shares, a drop of 6.3% from the August 30th total of 33,390,000 shares. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is currently 14.1 days. Currently, 13.4% of the company's shares are sold short. 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), Intel (INTC), Applied Materials (AMAT), Alibaba Group (BABA), Lam Research (LRCX), Cisco Systems (CSCO), Netflix (NFLX), Adobe (ADBE) and Broadcom (AVGO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the folowing 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)

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include CIBC Private Wealth Group LLC (0.46%), Fenimore Asset Management Inc. (0.33%), Stephens Investment Management Group LLC (0.21%), Gateway Investment Advisers LLC (0.07%), Villere ST Denis J & Co. LLC (0.06%) and Envestnet Asset Management Inc. (0.06%). Company insiders that own Microchip Technology stock include Esther Johnson, 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.

Which major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Fulton Breakefield Broenniman LLC, Gateway Investment Advisers LLC, Tributary Capital Management LLC, Camelot Portfolios LLC, CIBC Private Wealth Group LLC, Exane Derivatives, Envestnet Asset Management Inc. and Optimum Investment Advisors. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic and Stephen V Drehobl. View Insider Buying and Selling 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 Stephens Investment Management Group LLC, Nippon Life Global Investors Americas Inc., State of Alaska Department of Revenue, Fenimore Asset Management Inc., Robeco Institutional Asset Management B.V., Biltmore Wealth Management LLC, Enterprise Trust & Investment Co and OLD National Bancorp IN. 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, Robinhood, Fidelity and Charles Schwab.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $96.37.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $22.94 billion and generates $5.35 billion in revenue each year. The semiconductor company earns $355.90 million in net income (profit) each year or $6.08 on an earnings per share basis. Microchip Technology employs 18,286 workers across the globe.View Additional Information About Microchip Technology.

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:  2.8 out of 5 (star star)
Outperform Votes:  685 (Vote Outperform)
Underperform Votes:  538 (Vote Underperform)
Total Votes:  1,223
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 10/23/2019 by MarketBeat.com Staff

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