Microchip Technology Incorporated (MCHP) — 95.36 (+1.5)
Key Metrics & Ratings
- symbol MCHP
- Rev/Share 16.4699
- Book/Share 12.831
- PB 7.1694
- Debt/Equity 0.8765
- CurrentRatio 1.0333
- ROIC 0.204
- MktCap 49770729550.0
- FreeCF/Share 5.8135
- PFCF 15.7637
- PE 19.8466
- Debt/Assets 0.3679
- DivYield 0.0173
- ROE 0.3782
- Rating A+
- Score 5.0
- Recommendation Strong Buy
- P/E Score 5.0
- DCF Score 5.0
- P/B Score 5.0
- D/E Score 4.0
Recent Analyst Ratings
Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
---|---|---|---|---|---|---|---|
Initiation | MCHP | Jefferies | -- | Buy | $100 | $115 | May 13, 2024 |
Reiterated | MCHP | TD Cowen | -- | Hold | $80 | $90 | May 7, 2024 |
Initiation | MCHP | Evercore ISI | -- | Outperform | -- | $106 | April 16, 2024 |
Reiterated | MCHP | TD Cowen | -- | Market Perform | $75 | $80 | Feb. 2, 2024 |
Upgrade | MCHP | Wolfe Research | Peer Perform | Outperform | -- | $105 | Jan. 18, 2024 |
Downgrade | MCHP | Piper Sandler | Overweight | Neutral | -- | $80 | Jan. 4, 2024 |
Upgrade | MCHP | Citigroup | Neutral | Buy | -- | $100 | Nov. 8, 2023 |
News
Microchip Tech (MCHP) Reliance on International Sales: What Investors Need to Know
Published: May 13, 2024 by: Zacks Investment Research
Sentiment: Positive
Evaluate Microchip Tech's (MCHP) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Read MoreMicrochip (MCHP) Q4 Earnings Meet Estimates, Sales Decline Y/Y
Published: May 07, 2024 by: Zacks Investment Research
Sentiment: Negative
Microchip's (MCHP) fourth-quarter fiscal 2024 results suffer from challenging macroeconomic conditions that hurt customer demand.
Read MoreMarkets Up to Start the Week: PLTR, MCHP Meet Earnings
Published: May 06, 2024 by: Zacks Investment Research
Sentiment: Positive
It's the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow.
Read MoreMicrochip Technology Acquires Neuronix AI Labs
Published: April 15, 2024 by: GlobeNewsWire
Sentiment: Neutral
CHANDLER, Ariz., April 15, 2024 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) has acquired Neuronix AI Labs to expand its capabilities for power-efficient, AI-enabled edge solutions deployed on field programmable gate arrays (FPGAs).
Read MoreMicrochip (MCHP) Boosts Auto Connectivity With VSI Acquisition
Published: April 12, 2024 by: Zacks Investment Research
Sentiment: Positive
Microchip (MCHP) drives ASA-ML adoption for next-gen vehicles with VSI acquisition, transforming automotive networking.
Read MoreMicrochip Acquires ADAS and Digital Cockpit Connectivity Pioneer VSI Co. Ltd. to Extend Automotive Networking Market Leadership
Published: April 11, 2024 by: GlobeNewsWire
Sentiment: Neutral
Acquisition adds ASA Motion Link technology to Microchip's broad Ethernet and PCIe® automotive networking portfolio to enable next-generation software-defined vehicles Acquisition adds ASA Motion Link technology to Microchip's broad Ethernet and PCIe® automotive networking portfolio to enable next-generation software-defined vehicles
Read MoreMicrochip (MCHP) Expands Portfolio With AVR DU Family of MCUs
Published: April 10, 2024 by: Zacks Investment Research
Sentiment: Positive
Microchip (MCHP) expands its embedded systems portfolio with the recently announced launch of the AVR DU family of microcontrollers.
Read MoreMicrochip (MCHP) Bolsters Supply Chain With TSMC Partnership
Published: April 09, 2024 by: Zacks Investment Research
Sentiment: Positive
Microchip (MCHP) strengthens its partnership with TSMC by establishing a specialized 40 nm manufacturing capacity at JASM Japan for resilient supply chain solutions.
Read MoreMicrochip (MCHP) Expands Trust Portfolio With Latest Solution
Published: April 03, 2024 by: Zacks Investment Research
Sentiment: Positive
Microchip (MCHP) expands its Trust Platform portfolio with the addition of ECC608 TrustMANAGER, coupled with Kudelski IoT keySTREAM.
Read MoreMicrochip Technology Appoints Rich Simoncic as Chief Operating Officer
Published: April 02, 2024 by: GlobeNewsWire
Sentiment: Neutral
CHANDLER, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has appointed Rich Simoncic as Chief Operating Officer effective today. In this position, Mr. Simoncic will report to Ganesh Moorthy, who will remain President and CEO.
Read MoreMicrochip Technology Introduces ECC608 TrustMANAGER with Kudelski IoT keySTREAM
Published: April 02, 2024 by: GlobeNewsWire
Sentiment: Neutral
CHANDLER, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- As the world comes to rely on interconnected IoT systems—for everything from household items like smart thermostats, virtual assistant technology and digital door locks to medical and industrial applications—the need for reliable cybersecurity on embedded systems has never been greater.
Read More7 Tech Dividend Stocks to Buy as Risk-On Sentiment Fades
Published: March 28, 2024 by: InvestorPlace
Sentiment: Positive
While the innovation ecosystem has dominated business headlines, investors may want to consider a safer approach with tech dividend stocks to buy. It all comes down to the rotation of the smart money.
Read More3 Semiconductor Stocks to Buy on the Dip: March 2024
Published: March 27, 2024 by: InvestorPlace
Sentiment: Positive
The U.S. economy is expected to continue growing stronger in the coming years than previously anticipated. With the boom of intelligent technologies, the semiconductor stocks to buy have seen a parallel rise in success.
Read MoreMicrochip Technology Expands TrustFLEX Family with CEC1736 Real-time Platform Root of Trust Devices
Published: March 26, 2024 by: GlobeNewsWire
Sentiment: Neutral
With the pre-configured CEC1736 TrustFLEX family, Microchip is making it easier for customers to implement platform root of trust and faster prototyping.
Read MoreMicrochip Technology (MCHP) Declines More Than Market: Some Information for Investors
Published: March 25, 2024 by: Zacks Investment Research
Sentiment: Neutral
Microchip Technology (MCHP) concluded the recent trading session at $87.65, signifying a -0.44% move from its prior day's close.
Read MoreMicrochip Technology (MCHP) Stock Drops Despite Market Gains: Important Facts to Note
Published: March 18, 2024 by: Zacks Investment Research
Sentiment: Neutral
In the latest trading session, Microchip Technology (MCHP) closed at $88.08, marking a -0.63% move from the previous day.
Read MoreWall Street Analysts See Microchip Tech (MCHP) as a Buy: Should You Invest?
Published: March 14, 2024 by: Zacks Investment Research
Sentiment: Neutral
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Read MoreMicrochip Technology (MCHP) Rises As Market Takes a Dip: Key Facts
Published: March 11, 2024 by: Zacks Investment Research
Sentiment: Neutral
In the latest trading session, Microchip Technology (MCHP) closed at $90.57, marking a +1.95% move from the previous day.
Read MoreMicrochip Technology: Revenue Continues To Decline As Inventory Destocking Persists
Published: February 12, 2024 by: Seeking Alpha
Sentiment: Negative
Revenue declined to $1.77B in the quarter, a 22.8% drop from the peak. Guidance anticipates revenue declining even more to $1.33B next quarter, a 42.1% decline from peak. Management was unable to provide guidance on when the downturn will moderate or what the recovery would look like. Microchip is a shareholder-friendly company, and despite weakness, this quarter will see the largest shareholder returns (dividends + share buybacks) in the company's history.
Read MoreMicrochip Earns Certification in ISO/SAE 21434 Road Vehicle—Cybersecurity Engineering Standard from UL Solutions
Published: February 08, 2024 by: GlobeNewsWire
Sentiment: Neutral
CHANDLER, Ariz., Feb. 08, 2024 (GLOBE NEWSWIRE) -- As everything from infotainment to engine systems in the automotive industry becomes more dependent on wireless and in-vehicle network connectivity, the need for robust cybersecurity measures has increased.
Read More4 Factor Dividend Growth Portfolio - Holding Steady
Published: February 05, 2024 by: Seeking Alpha
Sentiment: Positive
The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF, with a few minor twists. The portfolio returned -2.01% in January, underperforming the S&P 500 by 3.69%.
Read MoreMicrochip (MCHP) Q3 Earnings Beat Estimates, Sales Decline Y/Y
Published: February 02, 2024 by: Zacks Investment Research
Sentiment: Neutral
Microchip's (MCHP) third-quarter fiscal 2024 results suffer from challenging macroeconomic conditions that hurt customer demand.
Read MoreMicrochip Tech (MCHP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Published: February 01, 2024 by: Zacks Investment Research
Sentiment: Positive
The headline numbers for Microchip Tech (MCHP) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Read MoreMicrochip Technology (MCHP) Tops Q3 Earnings Estimates
Published: February 01, 2024 by: Zacks Investment Research
Sentiment: Positive
Microchip Technology (MCHP) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.56 per share a year ago.
Read MoreMicrochip Technology Increases Quarterly Cash Dividend 25.7% Year-Over-Year to 45.0 Cents Per Share
Published: February 01, 2024 by: GlobeNewsWire
Sentiment: Neutral
CHANDLER, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.0 cents per share. The dividend is payable on March 8, 2024, to stockholders of record on February 23, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 80 times since its inception.
Read MoreMicrochip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024
Published: February 01, 2024 by: GlobeNewsWire
Sentiment: Neutral
CHANDLER, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months ended December 31, 2023, as summarized in the table below.
Read MoreCountdown to Microchip Tech (MCHP) Q3 Earnings: Wall Street Forecasts for Key Metrics
Published: January 29, 2024 by: Zacks Investment Research
Sentiment: Positive
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Microchip Tech (MCHP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
Read More3 No-Brainer Dividend Stocks to Buy Now and Hold Forever
Published: January 28, 2024 by: The Motley Fool
Sentiment: Positive
Universal Display proves its worth as a dividend investment, with significant payout increases since its first payout in 2017. Microchip Technology's strategy of quarterly dividend increases makes it a unique income investment.
Read MoreEarnings Preview: Microchip Technology (MCHP) Q3 Earnings Expected to Decline
Published: January 25, 2024 by: Zacks Investment Research
Sentiment: Negative
Microchip Tech (MCHP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Read MoreInvestors Heavily Search Microchip Technology Incorporated (MCHP): Here is What You Need to Know
Published: January 25, 2024 by: Zacks Investment Research
Sentiment: Positive
Microchip Tech (MCHP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Read MoreAbout Microchip Technology Incorporated (MCHP)
- IPO Date 1993-03-19
- Website https://www.microchip.com
- Industry Semiconductors
- CEO Mr. Ganesh Moorthy
- Employees 22600