Microchip Technology Incorporated (MCHP) — 95.36 (+1.5)

US NASDAQ — Technology Sector
Peers: TXN  ON  ADI  QRVO  MPWR  NXPI  WOLF  SYNA  ALGM  SWKS  LSCC 

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
MCHP
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.

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image for news Microchip Tech (MCHP) Reliance on International Sales: What Investors Need to Know
Microchip (MCHP) Q4 Earnings Meet Estimates, Sales Decline Y/Y
MCHP
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.

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image for news Microchip (MCHP) Q4 Earnings Meet Estimates, Sales Decline Y/Y
Markets Up to Start the Week: PLTR, MCHP Meet Earnings
MCHP, PLTR
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.

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image for news Markets Up to Start the Week: PLTR, MCHP Meet Earnings
Microchip Technology Acquires Neuronix AI Labs
MCHP
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).

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image for news Microchip Technology Acquires Neuronix AI Labs
Microchip (MCHP) Boosts Auto Connectivity With VSI Acquisition
MCHP
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.

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image for news Microchip (MCHP) Boosts Auto Connectivity With VSI Acquisition
Microchip Acquires ADAS and Digital Cockpit Connectivity Pioneer VSI Co. Ltd. to Extend Automotive Networking Market Leadership
MCHP
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

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image for news Microchip Acquires ADAS and Digital Cockpit Connectivity Pioneer VSI Co. Ltd. to Extend Automotive Networking Market Leadership
Microchip (MCHP) Expands Portfolio With AVR DU Family of MCUs
MCHP
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.

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image for news Microchip (MCHP) Expands Portfolio With AVR DU Family of MCUs
Microchip (MCHP) Bolsters Supply Chain With TSMC Partnership
MCHP
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.

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image for news Microchip (MCHP) Bolsters Supply Chain With TSMC Partnership
Microchip (MCHP) Expands Trust Portfolio With Latest Solution
MCHP
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.

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image for news Microchip (MCHP) Expands Trust Portfolio With Latest Solution
Microchip Technology Appoints Rich Simoncic as Chief Operating Officer
MCHP
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.

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image for news Microchip Technology Appoints Rich Simoncic as Chief Operating Officer
Microchip Technology Introduces ECC608 TrustMANAGER with Kudelski IoT keySTREAM
MCHP
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.

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image for news Microchip Technology Introduces ECC608 TrustMANAGER with Kudelski IoT keySTREAM
7 Tech Dividend Stocks to Buy as Risk-On Sentiment Fades
AVGO, HPQ, IBM, MCHP, QCOM, TSM, TXN
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.

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image for news 7 Tech Dividend Stocks to Buy as Risk-On Sentiment Fades
3 Semiconductor Stocks to Buy on the Dip: March 2024
ACLS, AMD, MCHP
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.

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image for news 3 Semiconductor Stocks to Buy on the Dip: March 2024
Microchip Technology Expands TrustFLEX Family with CEC1736 Real-time Platform Root of Trust Devices
MCHP
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.

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image for news Microchip Technology Expands TrustFLEX Family with CEC1736 Real-time Platform Root of Trust Devices
Microchip Technology (MCHP) Declines More Than Market: Some Information for Investors
MCHP
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.

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image for news Microchip Technology (MCHP) Declines More Than Market: Some Information for Investors
Microchip Technology (MCHP) Stock Drops Despite Market Gains: Important Facts to Note
MCHP
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.

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image for news Microchip Technology (MCHP) Stock Drops Despite Market Gains: Important Facts to Note
Wall Street Analysts See Microchip Tech (MCHP) as a Buy: Should You Invest?
MCHP
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?

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image for news Wall Street Analysts See Microchip Tech (MCHP) as a Buy: Should You Invest?
Microchip Technology (MCHP) Rises As Market Takes a Dip: Key Facts
MCHP
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.

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image for news Microchip Technology (MCHP) Rises As Market Takes a Dip: Key Facts
Microchip Technology: Revenue Continues To Decline As Inventory Destocking Persists
MCHP
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.

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image for news Microchip Technology: Revenue Continues To Decline As Inventory Destocking Persists
Microchip Earns Certification in ISO/SAE 21434 Road Vehicle—Cybersecurity Engineering Standard from UL Solutions
MCHP
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.

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image for news Microchip Earns Certification in ISO/SAE 21434 Road Vehicle—Cybersecurity Engineering Standard from UL Solutions
4 Factor Dividend Growth Portfolio - Holding Steady
ADP, ASML, AVGO, CNS, EOG, FAST, HD, INFY, LOW, LRCX, LSTR, MA, MAS, MCHP, MPWR, ODFL, PAYX, RHI, ROL, SCHD, SQM, SWKS, TXN, UPS, WSM
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%.

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image for news 4 Factor Dividend Growth Portfolio - Holding Steady
Microchip (MCHP) Q3 Earnings Beat Estimates, Sales Decline Y/Y
MCHP
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 More
image for news Microchip (MCHP) Q3 Earnings Beat Estimates, Sales Decline Y/Y
Microchip Tech (MCHP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
MCHP
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.

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image for news Microchip Tech (MCHP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Microchip Technology (MCHP) Tops Q3 Earnings Estimates
MCHP
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.

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image for news Microchip Technology (MCHP) Tops Q3 Earnings Estimates
Microchip Technology Increases Quarterly Cash Dividend 25.7% Year-Over-Year to 45.0 Cents Per Share
MCHP
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.

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image for news Microchip Technology Increases Quarterly Cash Dividend 25.7% Year-Over-Year to 45.0 Cents Per Share
Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024
MCHP
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.

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image for news Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024
Countdown to Microchip Tech (MCHP) Q3 Earnings: Wall Street Forecasts for Key Metrics
MCHP
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.

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image for news Countdown to Microchip Tech (MCHP) Q3 Earnings: Wall Street Forecasts for Key Metrics
3 No-Brainer Dividend Stocks to Buy Now and Hold Forever
MCHP, OLED, QCOM
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.

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image for news 3 No-Brainer Dividend Stocks to Buy Now and Hold Forever
Earnings Preview: Microchip Technology (MCHP) Q3 Earnings Expected to Decline
MCHP
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.

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image for news Earnings Preview: Microchip Technology (MCHP) Q3 Earnings Expected to Decline
Investors Heavily Search Microchip Technology Incorporated (MCHP): Here is What You Need to Know
MCHP
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.

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image for news Investors Heavily Search Microchip Technology Incorporated (MCHP): Here is What You Need to Know

About Microchip Technology Incorporated (MCHP)

  • IPO Date 1993-03-19
  • Website https://www.microchip.com
  • Industry Semiconductors
  • CEO Mr. Ganesh Moorthy
  • Employees 22600

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 microprocessors markets; 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 development tools that enable system designers to program microcontroller 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 memory products consisting of 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 NVM 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.