Microchip Technology Incorporated (MCHP)
| Market Cap | 32.84B |
| Revenue (ttm) | 4.76B |
| Net Income (ttm) | 308.80M |
| Shares Out | 537.82M |
| EPS (ttm) | 0.57 |
| PE Ratio | 107.80 |
| Forward PE | 68.84 |
| Dividend | $1.82 (2.97%) |
| Ex-Dividend Date | Feb 24, 2025 |
| Volume | 13,460,611 |
| Open | 64.40 |
| Previous Close | 64.30 |
| Day's Range | 60.66 - 64.42 |
| 52-Week Range | 50.21 - 100.57 |
| Beta | 1.49 |
| Analysts | Buy |
| Price Target | 77.00 (+26.09%) |
| Earnings Date | Feb 6, 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 $77.0, which is an increase of 26.09% from the latest price.
News
Microchip Extends maXTouch® M1 Generation Family to Support Large, Curved and Shaped Automotive Displays
CHANDLER, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Automakers are revolutionizing the driving experience with innovative smart cockpit designs that feature large displays and emerging technologies lik...
Artificial Intelligence Meets Embedded Development with Microchip's MPLAB® AI Coding Assistant
We're harnessing the power of AI to provide interactive, real-time support that helps developers create better software, more quickly and with less hassle.
Microchip Technology: MCHP Needs To Show Tangible Improvements (Rating Downgrade)
Downgrade MCHP to hold due to persistent revenue declines, inventory overhang, and deteriorating margins, with no immediate turnaround in sight. 3Q25 results showed a 42% y/y revenue decline, with gro...
Why Microchip would rather borrow money to pay its high dividend than cut it
Microchip Technology's stock was falling after the semiconductor maker kept its dividend flat for first time in four years, reported quarterly sales that fell to a seven-year low and gave an outlook t...
Microchip Technology Incorporated (MCHP) Q3 2025 Earnings Call Transcript
Microchip Technology Incorporated (NASDAQ:MCHP) Q3 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Steve Sanghi - Chief Executive Officer Eric Bjornholt - Chief Financi...
Microchip forecasts dour quarterly results as customers reduce excess inventory
Chipmaker Microchip Technology forecast fourth-quarter net sales and profit below Wall Street estimates on Thursday, anticipating tepid demand as customers in the automotive market still work on clear...
Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2025
Net sales of $1.026 billion , down 11.8% sequentially and down 41.9% from the year ago quarter. Our updated guidance provided on December 2, 2024 was net sales of $1.025 billion.
Microchip Technology Announces Quarterly Cash Dividend of 45.5 Cents per Share
CHANDLER, Ariz., Feb. 06, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Wall Street's Most Accurate Analysts Weigh In 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 Technology Appoints Victor Peng to Its Board of Directors
CHANDLER, Ariz., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Victor Peng, fo...
Microchip Launches the Next Generation of its Low-Noise Chip-Scale Atomic Clock Featuring a Lower Profile Height of Less Than ½ Inch
The Low-Noise Chip-Scale Atomic Clock, model SA65-LN, enables frequency mixing for battery-powered devices The Low-Noise Chip-Scale Atomic Clock, model SA65-LN, enables frequency mixing for battery-po...
New Family of Switchtec™ PCIe® Gen 4.0 16-Lane Switches Provides Versatility for Automotive and Embedded Computing Applications
Microchip's PCI100x devices deliver high performance and cost efficiency for any application where accelerated or specialized computing is used Microchip's PCI100x devices deliver high performance and...
Microchip: Still Navigating In The Fog
Microchip is experiencing a sharp deterioration of its end markets. Its client's end distributors overstocked their inventories during the post-COVID period. While the sales bottom could have been hit...
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.
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...