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Microchip Technology (MCHP) Stock Price, News & Analysis

$74.09
-2.66 (-3.47%)
(As of 09/6/2024 ET)
Today's Range
$73.69
$76.83
50-Day Range
$72.00
$95.98
52-Week Range
$68.75
$100.57
Volume
9.62 million shs
Average Volume
6.02 million shs
Market Capitalization
$39.75 billion
P/E Ratio
21.35
Dividend Yield
2.44%
Price Target
$99.95

Microchip Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
34.9% Upside
$99.95 Price Target
Short Interest
Healthy
4.08% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.73mentions of Microchip Technology in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$433,533 Sold Last Quarter
Proj. Earnings Growth
76.44%
From $1.74 to $3.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Computer And Technology Sector

1st out of 594 stocks

Semiconductors & Related Devices Industry

1st out of 85 stocks

MCHP stock logo

About Microchip Technology Stock (NASDAQ:MCHP)

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. It also provides analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. The company was incorporated in 1989 and is headquartered in Chandler, Arizona.

MCHP Stock Price History

MCHP Stock News Headlines

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Microchip (MCHP) Receives a Buy from Citi
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See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 9/5 Dividend
8/22/2024
Dividend Payable
9/05/2024
Today
9/07/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
22,300
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$99.95
High Stock Price Target
$115.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+34.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
19 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
25.50%

Debt

Sales & Book Value

Annual Sales
$6.59 billion
Cash Flow
$5.75 per share
Book Value
$11.94 per share

Miscellaneous

Free Float
525,399,000
Market Cap
$39.75 billion
Optionable
Optionable
Beta
1.53

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Should I Buy Microchip Technology Stock? MCHP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Microchip Technology Incorporated:

  • Microchip Technology has a dividend yield of 2.08%, providing investors with a steady income stream relative to the stock price.
  • The company is predicted to post earnings per share of 2.35 for the current fiscal year, indicating potential growth and profitability.
  • Insider activity shows recent selling of company stock, which could be interpreted as a positive sign by some investors, suggesting confidence in the company's future performance.
  • Microchip Technology's stock price has experienced a recent decline, presenting a potential buying opportunity for investors seeking value.
  • The company has a market cap of $40.47 billion, indicating its size and stability in the market.

Cons

Investors should be bearish about investing in Microchip Technology Incorporated for these reasons:

  • The stock was downgraded to a "neutral" rating by Bank of America, which may signal potential challenges or limited upside according to analysts.
  • Microchip Technology's stock performance has shown volatility, with a 1-year low of $68.75 and a 1-year high of $100.57, indicating potential risks associated with investing in the company.
  • Some analysts have lowered their price targets for the stock, suggesting a cautious outlook on its future performance.
  • The company's dividend payout ratio (DPR) is currently at 52.16%, which may raise concerns about the sustainability of dividend payments in the future.
  • While the company has a diverse product portfolio, it operates in a competitive industry where technological advancements and market trends can impact its growth prospects.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 11, 2024. Please send any questions or comments about these Microchip Technology pros and cons to contact@marketbeat.com.

MCHP Stock Analysis - Frequently Asked Questions

How have MCHP shares performed this year?

Microchip Technology's stock was trading at $90.18 at the beginning of the year. Since then, MCHP stock has decreased by 17.8% and is now trading at $74.09.
View the best growth stocks for 2024 here
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) posted its quarterly earnings results on Thursday, August, 1st. The semiconductor company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Microchip Technology's quarterly revenue was down 45.8% on a year-over-year basis.
Read the conference call transcript
.

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

534 employees have rated Microchip Technology Chief Executive Officer Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among the company's employees.

Does Microchip Technology have any subsidiaries?

Microchip Technology subsidiaries include LegUp Computing, Tekron, Microsemi, Atmel, Micrel, ISSC Technologies Corp, Supertex, and others.

Who are Microchip Technology's major shareholders?

Top institutional investors of Microchip Technology include Principal Financial Group Inc. (1.72%), Ameriprise Financial Inc. (1.45%), Van ECK Associates Corp (1.19%) and Legal & General Group Plc (0.83%). Insiders that own company stock include Ganesh Moorthy, Stephen V Drehobl, Matthew W Chapman, James Eric Bjornholt, Mitchell R Little, Karlton D Johnson, Steve Sanghi and Richard J Simoncic.
View institutional ownership trends
.

How do I buy shares of Microchip Technology?

Shares of MCHP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Microchip Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Microchip Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA) and Cisco Systems (CSCO).

This page (NASDAQ:MCHP) was last updated on 9/7/2024 by MarketBeat.com Staff

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