Microchip Technology Incorporated (MCHP)
| Market Cap | 51.00B |
| Revenue (ttm) | 8.54B |
| Net Income (ttm) | 2.36B |
| Shares Out | 540.39M |
| EPS (ttm) | 4.28 |
| PE Ratio | 22.04 |
| Forward PE | 36.81 |
| Dividend | $1.81 (1.92%) |
| Ex-Dividend Date | May 21, 2024 |
| Volume | 2,501,312 |
| Open | 94.56 |
| Previous Close | 94.24 |
| Day's Range | 93.48 - 94.62 |
| 52-Week Range | 68.75 - 96.14 |
| Beta | 1.60 |
| Analysts | Strong Buy |
| Price Target | 98.63 (+4.56%) |
| Earnings Date | May 6, 2024 |
About 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 t... [Read more]
Financial Performance
In 2022, MCHP's revenue was $8.44 billion, an increase of 23.72% compared to the previous year's $6.82 billion. Earnings were $2.24 billion, an increase of 74.07%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for MCHP stock is "Strong Buy." The 12-month stock price forecast is $98.63, which is an increase of 4.56% from the latest price.
News
Microchip Expands its Radiation-Tolerant Microcontroller Portfolio with the 32-bit SAMD21RT Arm® Cortex®-M0+ Based MCU for the Aerospace and Defense Market
The SAMD21RT MCU is offered in 64-pin ceramic and plastic packages with a 10 mm × 10 mm footprint The SAMD21RT MCU is offered in 64-pin ceramic and plastic packages with a 10 mm × 10 mm footprint
Microchip CEO on U.S. expansion, earnings and AI
Microchip CEO Ganesh Moorthy joins 'Squawk on the Street' to discuss earnings, investing in the U.S. and semis for AI.
Radiation-Tolerant DC-DC 50-Watt Power Converters Provide High-Reliability Solution for New Space Applications
The LE50-28 power converters are available in nine variants with single- and triple-outputs for optimal design configurability The LE50-28 power converters are available in nine variants with single- ...
Microchip Technology expects weak quarterly results on excess inventory impact
Microchip Technology forecast first-quarter net sales and profit below Wall Street estimates on Monday, signaling weak demand as customers continue to clear excess inventory, sending its shares down m...
Microchip Technology Increases Quarterly Cash Dividend 18.0% Year-Over-Year to 45.2 Cents Per Share
CHANDLER, Ariz., May 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...
Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2024
For the quarter ended March 31, 2024 Net sales of $1.326 billion , down 24.9% sequentially and down 40.6% from the year ago quarter. Our guidance provided on February 1, 2024 was for net sales to be d...
24 Dividend Aristocrats in the stock market with the fastest-growing payouts
At a time when investors expect interest rates to remain high as the Federal Reserve seeks to keep the lid on inflation, dividend stocks may not be dominating the attention of income-seeking investors...
Radiation-Tolerant PolarFire® SoC FPGAs Offer Low Power, Zero Configuration Upsets, RISC-V Architecture for Space Applications
CHANDLER, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Developers of spacecraft electronics utilize radiation-tolerant (RT) field programmable gate arrays (FPGAs) to ensure high performance, reliability, p...
Easily Incorporate Embedded Security Using Microchip's PIC32CK 32-bit Microcontrollers with Hardware Security Module
The new family of mid-range MCUs provides designers with a higher level of security and flexibility The new family of mid-range MCUs provides designers with a higher level of security and flexibility
maXTouch® Touchscreen Controller Family Expands with Additional Security Features for Touchscreen Payment Systems
CHANDLER, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- As we see an increased number of electric vehicles (EVs) on the road, the necessary charging infrastructure must expand to meet the increased demand...
Integrated Actuation Power Solution Aims to Simplify Aviation Industry's Transition to More Electric Aircraft
Microchip introduces configurable family of companion driver boards using its Hybrid Power Drive modules available in silicon carbide (SiC) or silicon (Si) technology Microchip introduces configurable...
Microchip Technology Acquires Neuronix AI Labs
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...
Microchip Acquires ADAS and Digital Cockpit Connectivity Pioneer VSI Co. Ltd. to Extend Automotive Networking Market Leadership
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...
Microchip Brings Enhanced Code Protection and up to 15W of Power Delivery to its USB Microcontroller Portfolio
The next generation of Microchip 8-bit MCUs to integrate USB connectivity, the AVR DU family is designed with enhanced security features and higher power.
Microchip Technology Expands Partnership with TSMC to Strengthen Semiconductor Manufacturing Capacity
As part of a larger company initiative to increase supply chain resiliency, this initiative will focus on specialized 40nm processes for Microchip CHANDLER, Ariz., April 08, 2024 (GLOBE NEWSWIRE) -- M...
Microchip Technology Appoints Rich Simoncic as Chief Operating Officer
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 th...
Microchip Technology Introduces ECC608 TrustMANAGER with Kudelski IoT keySTREAM
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 an...
Microchip Technology Expands Its Serial SRAM Portfolio to Larger Densities and Increased Speeds
CHANDLER, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- To address a common customer need for bigger and faster SRAM, Microchip Technology (Nasdaq: MCHP) has expanded its Serial SRAM product line to inclu...
Microchip Technology Expands TrustFLEX Family with CEC1736 Real-time Platform Root of Trust Devices
With the pre-configured CEC1736 TrustFLEX family, Microchip is making it easier for customers to implement platform root of trust and faster prototyping.
Microchip Technology Releases Qi® v2.0 Standards-Compliant dsPIC33-Based Reference Design
CHANDLER, Ariz., March 21, 2024 (GLOBE NEWSWIRE) -- As major charger manufacturers, including those in the automotive industry, are working to implement Qi® v2.0 (Qi2) standards, Microchip Technology ...
Microchip Technology to Present at the Morgan Stanley Technology, Media & Telecom Conference
CHANDLER, Ariz., March 04, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company w...
Microchip Technology to Present at the Raymond James Instutional Investors Conference
CHANDLER, Ariz., March 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Launches New dsPIC® DSC-Based Integrated Motor Drivers that Bring Controllers, Gate Drivers and Communications to a Single Device
By integrating multiple device functions into one chip, Microchip's dsPIC DSC-based integrated motor drivers can reduce system-level costs and board space.
Microchip Expands its mSiC™ Solutions with the 3.3 kV XIFM Plug-and-Play mSiC Gate Driver to Accelerate the Adoption of High-Voltage SiC Power Modules
The highly integrated 3.3 kV XIFM plug-and-play digital gate driver is designed to work out-of-the-box with high-voltage SiC-based power modules to simplify and speed system integration The highly int...
Microchip (MCHP) stock: rating downgrade as a double top forms
Microchip Technology (NASDAQ: MCHP) stock price has plunged hard this year, underperforming other semiconductor companies. The shares retreated to $81.6 on Friday, much lower than the December high of...