Microchip Technology Incorporated (MCHP)
| Market Cap | 49.43B |
| Revenue (ttm) | 7.63B |
| Net Income (ttm) | 1.91B |
| Shares Out | 536.89M |
| EPS (ttm) | 3.48 |
| PE Ratio | 26.45 |
| Forward PE | 32.10 |
| Dividend | $1.81 (1.96%) |
| Ex-Dividend Date | May 21, 2024 |
| Volume | 3,320,515 |
| Open | 91.12 |
| Previous Close | 91.59 |
| Day's Range | 91.01 - 92.72 |
| 52-Week Range | 68.75 - 100.57 |
| Beta | 1.55 |
| Analysts | Strong Buy |
| Price Target | 100.21 (+8.85%) |
| Earnings Date | Aug 1, 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, MCHP'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 "Strong Buy." The 12-month stock price forecast is $100.21, which is an increase of 8.85% from the latest price.
News
Early Access to MPLAB® Extensions for VS Code® Provides Designers with the Ability to Utilize Microchip's Development Tools Inside of the Popular IDE
With MPLAB Extensions developers can work in the IDE they are most familiar with while taking advantage of Microchip's tools and device support and tools.
Microchip Adds Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) Qualification to Its Portfolio of Small-Signal Bipolar Junction Transistors to Ensure High Reliability for Critical Applications
The Joint Army Navy (JAN) transistors tested up to 100 Krad at 10 mrad per second The Joint Army Navy (JAN) transistors tested up to 100 Krad at 10 mrad per second
Microchip Makes it Easier to Design an On-Board Charger Solution
Designers can speed time to market for their on-board charger application with key technologies from one supplier, including the control, gate drive and power stage Designers can speed time to market ...
Microchip Technology to Present at the Bank of America 2024 Global Technology Conference
CHANDLER, Ariz., June 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...
Microchip Technology to Present at the Stifel 2024 Cross Sector Insight Conference
CHANDLER, Ariz., June 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...
Microchip Adds 12 Products to its Wireless Portfolio that Further Reduce Barriers to Bluetooth® Integration for Designers at Every Skill Level
Company's portfolio additions join the only Bluetooth Low Energy offering of its kind spanning modules, System-on-Chip (SoC) products and plug-and-play options Company's portfolio additions join the o...
Microchip Technology Announces Pricing of Offering of $1.1 Billion of Convertible Senior Notes
CHANDLER, Ariz., May 29, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced the...
Microchip Technology to Present at the Goldman Sachs Global Semiconductor Conference
CHANDLER, Ariz., May 29, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that...
Microchip Technology Announces Proposed Private Offering of $1.1 Billion of Convertible Senior Notes
CHANDLER, Ariz., May 28, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced its...
TimeProvider® 4100 Grandmaster Version 2.4 Firmware Offers Embedded BlueSky™ Firewall Technology to Detect Security Threats
Adds IEEE® 1588 standard profiles to meet power and 5G private network synchronization requirements Adds IEEE® 1588 standard profiles to meet power and 5G private network synchronization requirements
Microchip Technology to Present at the JP Morgan 52nd Annual Global Technology, Media and Communications Conference
CHANDLER, Ariz., May 21, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that...
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.