Microchip Technology (MCHP) Projected to Post Earnings on Thursday

Microchip Technology (NASDAQ:MCHP - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Microchip Technology to post earnings of $0.28 per share and revenue of $1.05 billion for the quarter. Microchip Technology has set its Q3 guidance at $0.25-0.35 EPS and its Q3 2025 guidance at 0.250-0.350 EPS.Parties interested in registering for the company's conference call can do so using this link.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Microchip Technology had a return on equity of 19.47% and a net margin of 14.22%. The company's revenue for the quarter was down 48.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. On average, analysts expect Microchip Technology to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Microchip Technology Stock Performance

Shares of Microchip Technology stock traded down $0.87 during trading on Thursday, reaching $55.16. The company's stock had a trading volume of 8,453,924 shares, compared to its average volume of 8,084,340. Microchip Technology has a one year low of $54.18 and a one year high of $100.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.48 and a current ratio of 0.88. The firm has a market cap of $29.62 billion, a price-to-earnings ratio of 38.57 and a beta of 1.52. The business's fifty day moving average price is $59.77 and its 200-day moving average price is $71.72.

Microchip Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is a positive change from Microchip Technology's previous quarterly dividend of $0.45. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.30%. Microchip Technology's payout ratio is 127.27%.

Wall Street Analyst Weigh In

MCHP has been the topic of a number of research reports. Piper Sandler dropped their target price on shares of Microchip Technology from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Bank of America downgraded shares of Microchip Technology from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $80.00 to $65.00 in a report on Monday, December 16th. Evercore ISI reiterated an "outperform" rating and issued a $95.00 target price (down previously from $101.00) on shares of Microchip Technology in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their price target on Microchip Technology from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Finally, B. Riley reduced their price objective on Microchip Technology from $93.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Microchip Technology currently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.