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Microchip Technology (MCHP) Stock Price, News & Analysis

Microchip Technology logo
$55.51 -0.48 (-0.86%)
(As of 12/20/2024 05:51 PM ET)

About Microchip Technology Stock (NASDAQ:MCHP)

Key Stats

Today's Range
$55.27
$57.07
50-Day Range
$55.51
$79.05
52-Week Range
$55.27
$100.57
Volume
27.17 million shs
Average Volume
6.35 million shs
Market Capitalization
$29.81 billion
P/E Ratio
38.82
Dividend Yield
3.28%
Price Target
$89.63
Consensus Rating
Moderate Buy

Company Overview

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.

Microchip Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

MCHP MarketRank™: 

Microchip Technology scored higher than 99% of companies evaluated by MarketBeat, and ranked 12th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Microchip Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.68, and is based on 14 buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Microchip Technology has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Microchip Technology's stock forecast and price target.
  • Earnings Growth

    Earnings for Microchip Technology are expected to grow by 61.65% in the coming year, from $1.33 to $2.15 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Microchip Technology is 38.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Microchip Technology is 38.82, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

  • Price to Book Value per Share Ratio

    Microchip Technology has a P/B Ratio of 4.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    5.60% of the outstanding shares of Microchip Technology have been sold short.
  • Short Interest Ratio / Days to Cover

    Microchip Technology has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Microchip Technology has recently decreased by 2.21%, indicating that investor sentiment is improving.
  • Dividend Yield

    Microchip Technology pays a meaningful dividend of 3.25%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Microchip Technology has been increasing its dividend for 23 years.

  • Dividend Coverage

    The dividend payout ratio of Microchip Technology is 127.27%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Microchip Technology will have a dividend payout ratio of 84.65% in the coming year. This indicates that Microchip Technology may not be able to sustain their current dividend.

  • Read more about Microchip Technology's dividend.
  • Percentage of Shares Shorted

    5.60% of the outstanding shares of Microchip Technology have been sold short.
  • Short Interest Ratio / Days to Cover

    Microchip Technology has a short interest ratio ("days to cover") of 4.5.
  • Change versus previous month

    Short interest in Microchip Technology has recently decreased by 2.21%, indicating that investor sentiment is improving.
  • News Sentiment

    Microchip Technology has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 19 news articles for Microchip Technology this week, compared to 15 articles on an average week.
  • Search Interest

    83 people have searched for MCHP on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.
  • MarketBeat Follows

    37 people have added Microchip Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 61% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Microchip Technology insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.10% of the stock of Microchip Technology is held by insiders.

  • Percentage Held by Institutions

    91.51% of the stock of Microchip Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Microchip Technology's insider trading history.
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MCHP Stock News Headlines

Random access memory and processors on motherboard - stock image
Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025 (MCHP)
The five industrial chipmakers on this list are in a position to rebound in 2025 and could easily surpass the robust 40% gain indicated for NVIDIA.
Computer circuit Board closeup — Photo
Dogs of Tech: 3 Semiconductor Stocks Set for a 2025 Rebound (MCHP)
Semiconductor manufacturers like GlobalFoundries, Microchip Technologies, and Intel are down in the dumps in 2024 but expected to revert to growth in 2025.
Trump’s Sending THIS Crypto Higher on Purpose
Discover the coin set to explode before 2025! Trump could trigger THIS crypto coin…
**Microchip Technology Completes $2 Billion Senior Notes Offering**
Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers
Microchip adds MTCH2120 to portfolio of turnkey capacitive touch controllers
See More Headlines

MCHP Stock Analysis - Frequently Asked Questions

Microchip Technology's stock was trading at $90.18 at the beginning of the year. Since then, MCHP shares have decreased by 38.4% and is now trading at $55.51.
View the best growth stocks for 2024 here
.

Microchip Technology Incorporated (NASDAQ:MCHP) announced its earnings results on Tuesday, November, 5th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm's revenue for the quarter was down 48.4% on a year-over-year basis.

The following companies are subsidiaries of Microchip Technology: LegUp Computing, Tekron, Microsemi, Atmel, Micrel, ISSC Technologies Corp, Supertex, and more.

Top institutional shareholders of Microchip Technology include Geode Capital Management LLC (2.66%), Principal Financial Group Inc. (1.56%), Van ECK Associates Corp (1.48%) and Wellington Management Group LLP (0.86%). Insiders that own company stock include Ganesh Moorthy, Stephen V Drehobl, Matthew W Chapman, James Eric Bjornholt, Mitchell R Little, Karlton D Johnson and Steve Sanghi.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Microchip Technology investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Tesla (TSLA), Broadcom (AVGO) and Intel (INTC).

Company Calendar

Last Earnings
11/05/2024
Ex-Dividend for 12/6 Dividend
11/22/2024
Dividend Payable
12/06/2024
Today
12/21/2024
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
$89.63
High Stock Price Target
$105.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+61.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
19 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
17.05%

Debt

Sales & Book Value

Annual Sales
$5.50 billion
Cash Flow
$5.75 per share
Book Value
$12.32 per share

Miscellaneous

Free Float
525,733,000
Market Cap
$29.81 billion
Optionable
Optionable
Beta
1.50

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This page (NASDAQ:MCHP) was last updated on 12/21/2024 by MarketBeat.com Staff
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