Microchip Technology Incorporated (MCHP)
| Market Cap | 36.45B |
| Revenue (ttm) | 5.50B |
| Net Income (ttm) | 781.60M |
| Shares Out | 537.01M |
| EPS (ttm) | 1.44 |
| PE Ratio | 47.25 |
| Forward PE | 39.38 |
| Dividend | $1.81 (2.67%) |
| Ex-Dividend Date | Nov 22, 2024 |
| Volume | 5,521,496 |
| Open | 68.38 |
| Previous Close | 68.41 |
| Day's Range | 66.60 - 68.98 |
| 52-Week Range | 62.63 - 100.57 |
| Beta | 1.53 |
| Analysts | Buy |
| Price Target | 93.05 (+37.1%) |
| Earnings Date | Nov 5, 2024 |
About MCHP
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 pr... [Read more]
Financial Performance
In 2023, Microchip Technology's revenue was $7.63 billion, a decrease of -9.53% compared to the previous year's $8.44 billion. Earnings were $1.91 billion, a decrease of -14.78%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is $93.05, which is an increase of 37.10% from the latest price.
News
Ganesh Moorthy Retiring as Chief Executive Officer and President of Microchip Technology Incorporated; Steve Sanghi Appointed as Interim Chief Executive Officer and President
CHANDLER, Ariz., Nov. 18, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
8 Upcoming Dividend Increases
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Microchip to Accelerate Real-time Edge AI with NVIDIA Holoscan
Combining our flexible FPGA fabric with NVIDIA's advanced AI platform and multi-protocol support is empowering developers to create innovative solutions
Introducing a Wide Portfolio of IGBT 7 Power Devices Optimized for Applications Across Sustainability, E-Mobility and Data Centers
Microchip's IGBT 7 portfolio is available with multiple topologies, current and voltage ranges Microchip's IGBT 7 portfolio is available with multiple topologies, current and voltage ranges
These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
Microchip Technology Incorporated MCHP reported upbeat earnings for its second quarter on Tuesday.
Microchip Technology Incorporated (MCHP) Q2 2025 Earnings Call Transcript
Microchip Technology Incorporated (NASDAQ:MCHP) Q2 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Eric Bjornholt - Senior Vice President and Chief Financial Officer Ga...
Microchip Technology forecasts quarterly results below estimates on weak automotive demand
Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic uncertainty, sending its shares down abo...
Microchip Technology Increases Quarterly Cash Dividend 3.6% Year-Over-Year to 45.5 Cents Per Share
CHANDLER, Ariz., Nov. 05, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
CHANDLER, Ariz., Nov. 05, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported res...
How To Earn $500 A Month From Microchip Technology Stock Ahead Of Quarterly Earnings
Microchip Technology Incorporated MCHP will release earnings results for its second quarter after the closing bell on Tuesday.
My Top 15 High-Growth Dividend Stocks For November 2024
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Microchip Expands 64-bit Portfolio with High-Performance, Post-Quantum Security-Enabled PIC64HX Microprocessors
CHANDLER, Ariz., Oct. 21, 2024 (GLOBE NEWSWIRE) -- The global edge computing market is expected to grow by more than 30 percent in the next five years, serving mission-critical applications in the aer...
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Microchip's RTG4™ FPGAs with Lead-Free Flip-Chip Bumps Achieve Highest Space Qualification
CHANDLER, Ariz., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Satisfying mission assurance requirements for the most critical space programs, Microchip Technology's (Nasdaq: MCHP) Radiation-Tolerant (RT) RTG4™ F...
Retired CEO and Chair of the Board of Directors of Microchip Technology Steve Sanghi Releases New Book: “Ask Steve: Everyday business advice from a successful CEO”
PARADISE VALLEY, Ariz., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Steve Sanghi, retired CEO and chair of the board of directors of Microchip Technology, today announces the release of his third book, “Ask Ste...
Microchip Releases 20 Advanced Wi-Fi® Products for Industrial and Commercial Applications
CHANDLER, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- With Industry 4.0, the rapid rise of Artificial Intelligence (AI), digitized manufacturing and the age of IoT everything, the demand for wireless con...
New VelocityDRIVE™ Software Platform and Automotive-Qualified Multi-Gigabit Ethernet Switches for Software-Defined Vehicles
The VelocityDRIVE Software Platform enables switch-management communication based on standardized YANG models The VelocityDRIVE Software Platform enables switch-management communication based on stand...
Citi Increases Optimism on Semiconductor Sector After Strong August Sales
Citi has expressed increased optimism towards the semiconductor industry following stronger-than-expected sales data for August. Analog Devices (ADI, Financial) remains Citi's top pick in the sector.
This Analyst With 86% Accuracy Rate Sees Over 11% Upside In Meta Platforms - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled mixed on Friday, with the Dow Jones index surging to a fresh record high level during the session. Major indices recorded gains for the third straight week, with the Dow and S&P 50...
New Solution from Microchip Makes it Easier to Build Sophisticated Graphical User Interfaces for MPLAB® Harmony v3 and Linux® Environments
Microchip Graphics Suite is designed to enable seamless portability between Microchip product families and environments to help designers significantly reduce development costs and speed time to marke...
Microchip Technology to Present at the Goldman Sachs Communacopia + Technology Conference
CHANDLER, Ariz., Sept. 10, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch
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Microchip Technology to Present at the Citi 2024 Global TMT Conference
CHANDLER, Ariz., Sept. 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Technology says certain operations disrupted by cyber incident
Microchip Technology said on Tuesday an "unauthorized party" disrupted the company's use of certain servers and some business operations.