Microchip Technology Incorporated (MCHP)
| Market Cap | 29.81B |
| Revenue (ttm) | 5.50B |
| Net Income (ttm) | 781.60M |
| Shares Out | 537.01M |
| EPS (ttm) | 1.44 |
| PE Ratio | 38.65 |
| Forward PE | 33.64 |
| Dividend | $1.82 (3.28%) |
| Ex-Dividend Date | Nov 22, 2024 |
| Volume | 26,781,617 |
| Open | 55.79 |
| Previous Close | 55.99 |
| Day's Range | 55.29 - 57.07 |
| 52-Week Range | 55.29 - 100.57 |
| Beta | 1.48 |
| Analysts | Buy |
| Price Target | 90.90 (+63.75%) |
| Earnings Date | Jan 30, 2025 |
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 20 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is $90.9, which is an increase of 63.75% from the latest price.
News
Top 3 Tech Stocks That Could Blast Off In Q4
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers
CHANDLER, Ariz., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Turnkey touch controllers are a fast and easy way to upgrade from mechanical buttons to modern touch buttons or displays.
Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications
Microchip introduces the ATA650x CAN FD SBC with integrated high-speed CAN transceiver and 5V LDO Microchip introduces the ATA650x CAN FD SBC with integrated high-speed CAN transceiver and 5V LDO
Microchip Expands PolarFire® FPGA and SoC Solution Stacks with New Offerings for Medical Imaging and Smart Robotics
CHANDLER, Ariz., Dec. 12, 2024 (GLOBE NEWSWIRE) -- The rise of IoT, industrial automation and smart robotics, along with the proliferation of medical imaging solutions to the intelligent edge, has mad...
Top 3 Tech Stocks That Are Preparing To Pump In Q4
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Microchip stock price is on the verge of a bearish breakout
Microchip stock price remains in a strong bear market after falling by almost 30% from its highest level this year. MCHP share was trading at $70.3, up by about 13% above the lowest point this year.
Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views
The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.
Microchip Technology lowers quarterly revenue forecast, shuts Arizona factory
Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure under interim C...
Microchip Technology to Present at the UBS Global Technology and AI Conference
CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...
Microchip Technology Updates December 2024 Quarter Revenue Guidance, and Announces Manufacturing Restructuring Plans
CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, provided lower updated revenue guid...
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
Eight dividend contenders are increasing their dividends this week, with an average increase of 7.1% and a median of 4.4%. My strategy focuses on buying, holding, and adding to companies with consiste...
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
The SPDR S&P 500 ETF Trust posted a loss of 0.89% in October, putting a pause on its strong run in 2024. The Top 15 dividend growth stocks for November 2024 offer an average dividend yield of 1.24% an...
Dividend Aristocrats Of The Future - Part 2
This is the second group of 10 companies who are aiming to reach dividend aristocrat status in the near future. The majority of these companies are from the utilities sector with two defense contracto...
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...
5 Chip Stocks to Buy on the Dip
Volatility in the semiconductor sector can give opportunities for investors.