Microchip Technology Incorporated (MCHP)

NASDAQ: MCHP · IEX Real-Time Price · USD
93.35
+1.25 (1.36%)
Jul 16, 2024, 12:31 PM EDT - Market open
1.36%
Market Cap 50.22B
Revenue (ttm) 7.63B
Net Income (ttm) 1.91B
Shares Out 536.51M
EPS (ttm) 3.48
PE Ratio 26.57
Forward PE 32.25
Dividend $1.81 (1.94%)
Ex-Dividend Date May 21, 2024
Volume 1,267,658
Open 92.71
Previous Close 92.09
Day's Range 92.13 - 93.63
52-Week Range 68.75 - 100.57
Beta 1.54
Analysts Strong Buy
Price Target 100.74 (+7.88%)
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]

Industry Semiconductors
Sector Technology
IPO Date Mar 19, 1993
Employees 22,300
Stock Exchange NASDAQ
Ticker Symbol MCHP
Full Company Profile

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 Statements

Analyst Forecast

According to 19 analysts, the average rating for MCHP stock is "Strong Buy." The 12-month stock price forecast is $100.74, which is an increase of 7.88% from the latest price.

Price Target
$100.74
(7.88% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Broadcom, Marvell, and 3 Other Chip Stocks to Play AI, Says J.P. Morgan

J.P. Morgan analyst Harlan Sur favors Broadcom, Marvell Technology, Micron Technology, Analog Devices, and Microchip Technology.

Other symbols: AVGOMRVLADIMU
23 hours ago - Barrons

5 Semiconductor Stocks Set For Explosive Growth In Second Half 2024, Says JPMorgan: Nvidia Not Included

In the fiercely competitive semiconductor industry, Nvidia Corp often captures the spotlight with its groundbreaking AI advancements. However, the industry's next major winners might not be the usual ...

Other symbols: ADIAVGOMRVLMU
1 day ago - Benzinga

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Microchip Technology Incorporated (NASDAQ: MCHP)

NEW YORK , July 15, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Microchip Technology Incorporated (NASDAQ: MCHP) on behalf of the company's shareholders. The invest...

1 day ago - PRNewsWire

Microchip Unveils Industry's Highest Performance 64-bit HPSC Microprocessor (MPU) Family for a New Era of Autonomous Space Computing

CHANDLER, Ariz., July 09, 2024 (GLOBE NEWSWIRE) -- The world has changed dramatically in the two decades since the debut of what was then considered a trail-blazing space-grade processor used in NASA ...

7 days ago - GlobeNewsWire

Microchip Technology Expands Processing Portfolio to Include Multi-Core 64-Bit Microprocessors

With its PIC64 portfolio, Microchip is expanding its computing range to meet the rising demands of today's embedded designs and the intelligent edge.

7 days ago - GlobeNewsWire

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.

20 days ago - GlobeNewsWire

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

26 days ago - GlobeNewsWire

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 ...

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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.

2 months ago - CNBC Television

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- ...

2 months ago - GlobeNewsWire

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...

2 months ago - Reuters

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

Other symbols: ABTADIADPAFGAFLBBYBMI
2 months ago - Market Watch

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...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire