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S&P 500   4,769.83
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US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
NASDAQ:MCHP

Microchip Technology (MCHP) Stock Price, News & Analysis

$90.18
-0.66 (-0.73%)
(As of 12/29/2023 ET)
Today's Range
$89.72
$91.33
50-Day Range
$70.66
$92.96
52-Week Range
$68.40
$94.30
Volume
2.49 million shs
Average Volume
4.43 million shs
Market Capitalization
$48.79 billion
P/E Ratio
19.82
Dividend Yield
1.95%
Price Target
$94.13

Microchip Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
4.4% Upside
$94.13 Price Target
Short Interest
Bearish
4.06% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
1.05mentions of Microchip Technology in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$193,915 Sold Last Quarter
Proj. Earnings Growth
-10.74%
From $5.12 to $4.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Computer And Technology Sector

126th out of 589 stocks

Semiconductors & Related Devices Industry

24th out of 83 stocks


MCHP stock logo

About Microchip Technology Stock (NASDAQ:MCHP)

Microchip Technology Incorporated develops, manufactures, and sells 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 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 application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and 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. 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. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

MCHP Stock Price History

MCHP Stock News Headlines

Microchip Technology (NASDAQ:MCHP) Lowered to Hold at StockNews.com
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Microchip Technology: Not The Time To Turn Bullish Yet
Microchip Technology Inc's Dividend Analysis
Is Microchip Technology (MCHP) a Smart Long-Term Buy?
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Company Calendar

Last Earnings
11/02/2023
Ex-Dividend for 12/6 Dividend
11/21/2023
Dividend Payable
12/06/2023
Today
12/31/2023
Next Earnings (Estimated)
2/01/2024
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
22,600
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$94.13
High Stock Price Target
$110.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$2.24 billion
Pretax Margin
36.29%

Debt

Sales & Book Value

Annual Sales
$8.44 billion
Cash Flow
$7.66 per share
Book Value
$11.89 per share

Miscellaneous

Free Float
529,845,000
Market Cap
$48.79 billion
Optionable
Optionable
Beta
1.61

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MCHP Stock Analysis - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 7 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MCHP shares.
View MCHP analyst ratings
or view top-rated stocks.

What is Microchip Technology's stock price target for 2024?

17 Wall Street research analysts have issued 1-year target prices for Microchip Technology's shares. Their MCHP share price targets range from $80.00 to $110.00. On average, they anticipate the company's share price to reach $94.13 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for MCHP
or view top-rated stocks among Wall Street analysts.

How have MCHP shares performed in 2023?

Microchip Technology's stock was trading at $70.25 at the beginning of the year. Since then, MCHP stock has increased by 28.4% and is now trading at $90.18.
View the best growth stocks for 2023 here
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) posted its earnings results on Thursday, November, 2nd. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by $0.01. The semiconductor company earned $2.25 billion during the quarter, compared to analysts' expectations of $2.26 billion. Microchip Technology had a trailing twelve-month return on equity of 50.90% and a net margin of 28.14%.

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

Microchip Technology declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.439 per share on Wednesday, December 6th. This represents a $1.76 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Tuesday, November 21st. This is an increase from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.76 per share and currently has a dividend yield of 1.95%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 38.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

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

Microchip Technology updated its third quarter earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $1.09-1.17 for the period, compared to the consensus EPS estimate of $1.44. The company issued revenue guidance of $1.803-1.916 billion, compared to the consensus revenue estimate of $2.11 billion.

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.

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), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Applied Materials (AMAT), Lam Research (LRCX) and Broadcom (AVGO).

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.

Does Microchip Technology have any subsidiaries?
The following companies are subsidiares of Microchip Technology: Atmel, EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, LegUp Computing, MBarb Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Caldicot Limited, Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Corp. – Holding, Microsemi Corp. – Holding 2, Microsemi Corporation, Microsemi IOM Limited, Microsemi SoC Corp., Microsemi Solutions Sdn. Bhd., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
This page (NASDAQ:MCHP) was last updated on 12/31/2023 by MarketBeat.com Staff

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