Microchip Technology Incorporated (MCHP)

NASDAQ: MCHP · IEX Real-Time Price · USD
76.50
+0.45 (0.59%)
At close: Sep 27, 2023, 4:00 PM
75.00
-1.50 (-1.96%)
Pre-market: Sep 28, 2023, 8:00 AM EDT
0.59%
Market Cap 41.64B
Revenue (ttm) 8.76B
Net Income (ttm) 2.40B
Shares Out 544.33M
EPS (ttm) 4.32
PE Ratio 17.71
Forward PE 12.77
Dividend $1.64 (2.14%)
Ex-Dividend Date Aug 21, 2023
Volume 941
Open 76.74
Previous Close 76.05
Day's Range 75.24 - 76.94
52-Week Range 54.77 - 94.30
Beta 1.63
Analysts Buy
Price Target 98.73 (+29.06%)
Earnings Date Nov 2, 2023

About MCHP

Microchip Technology Incorporated develops, manufactures, and sells 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 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 provides application development t... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Mar 19, 1993
Employees 22,600
Stock Exchange NASDAQ
Ticker Symbol MCHP
Full Company Profile

Financial Performance

In 2022, MCHP's revenue was $8.44 billion, an increase of 23.72% compared to the previous year's $6.82 billion. Earnings were $2.24 billion, an increase of 74.07%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is $98.73, which is an increase of 29.06% from the latest price.

Price Target
$98.73
(29.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Microchip FPGAs Speed Intelligent Edge Designs and Reduce Development Cost and Risk with Tailored PolarFire® FPGA and SoC Solution Stacks

Ten collections—spanning the industrial and communications sectors and smart embedded vision, motor control and optical access technologies—feature IP, reference designs, development kits, application...

18 minutes ago - GlobeNewsWire

GlobalFoundries® and Microchip Announce Microchip's 28-nm SuperFlash® Embedded Flash Memory Solution in Production

Widely deployed Non-Volatile Memory (NVM) solution is optimized for microcontrollers (MCUs), smart cards and IoT chips Widely deployed Non-Volatile Memory (NVM) solution is optimized for microcontroll...

1 day ago - GlobeNewsWire

Microchip Introduces Industry's First Low Pin Count MCU Family With I3C Support

Leading I3C integration, Microchip has released its PIC18-Q20 family of MCUs, the industry's first low pin count MCUs with I3C peripherals and MVIO.

1 day ago - GlobeNewsWire

Ease of Design for OEMs to Connect Automotive Devices with New 10BASE-T1S Ethernet Solutions

The new family of LAN8650/1 MAC-PHY devices connects low-cost microcontrollers without a built-in Ethernet MAC to a 10BASE-T1S Ethernet network The new family of LAN8650/1 MAC-PHY devices connects low...

14 days ago - GlobeNewsWire

Microchip Teams Up with Intelligent Hardware Korea (IHWK) to Develop an Analog Compute Platform to Accelerate Edge AI/ML Inferencing

Using Microchip's memBrain™ nonvolatile in-memory compute technology and working with universities, IHWK is creating a SoC processor for neurotechnology devices Using Microchip's memBrain™ nonvolatile...

15 days ago - GlobeNewsWire

Microchip Technology to Present at the Piper Sandler Growth Frontiers Conference

CHANDLER, Ariz., Sept. 11, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...

16 days ago - GlobeNewsWire

Microchip Launches MPLAB® Machine Learning Development Suite to More Easily Incorporate ML Into MCUs and MPUs

Unique solution is first to support 8-bit, 16-bit and 32-bit MCUs and 32-MPUs for ML at the edge Unique solution is first to support 8-bit, 16-bit and 32-bit MCUs and 32-MPUs for ML at the edge

21 days ago - GlobeNewsWire

Microchip Technology to Present at the Citi 2023 Global Technology Conference

CHANDLER, Ariz., Sept. 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...

22 days ago - GlobeNewsWire

Microchip Technology to Present at the Goldman Sachs 2023 Communacopia + Technology Conference

CHANDLER, Ariz., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company w...

22 days ago - GlobeNewsWire

Microchip's PolarFire® FPGA's Single-Chip Crypto Design Flow “Successfully Reviewed” By the United Kingdom Government's National Cyber Security Centre

CHANDLER, Ariz., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Security is now an imperative for all designs in every vertical market.

4 weeks ago - GlobeNewsWire

Microchip Technology To Webcast Annual Meeting Of Shareholders

CHANDLER, Ariz., Aug. 16, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that...

6 weeks ago - GlobeNewsWire

These 20 dividend stocks have been the best income growers in the S&P 500

In the comment section of a recent MarketWatch article listing stocks with high dividend yields that were expected to be well supported by the companies' cash flow, a reader suggested that it would ha...

Other symbols: TSCOALLAMTAVGOBBYHDHPQ
6 weeks ago - Market Watch

Microchip CEO on outlook: We see some weakness in China, Europe and automotive end markets

Ganesh Moorthy, Microchip CEO, joins 'Squawk on the Street' to discuss Moorthy's outlook for the sector, Moorthy's ability to execute a soft landing, and what to expect from Microchip's business in Ch...

7 weeks ago - CNBC Television

Microchip Warns of Global Slowdown. It May Be a ‘Canary in the Coal Mine'

Chip maker Microchip sees business conditions deteriorating in China, softness in Europe, and weakness in key sectors of the global economy.

7 weeks ago - Barrons

Microchip Technology Announces Record Financial Results For First Quarter of Fiscal Year 2024

CHANDLER, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported res...

7 weeks ago - GlobeNewsWire

Microchip Technology Increases Quarterly Cash Dividend 36.2% Year-Over-Year to 41.0 Cents Per Share

CHANDLER, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...

7 weeks ago - GlobeNewsWire

Microchip Introduces Its First Automotive-Qualified 10BASE-T1S Ethernet Devices

The LAN8670/1/2 family of Ethernet PHYs simplifies architecture to connect low-speed devices into a standard Ethernet network The LAN8670/1/2 family of Ethernet PHYs simplifies architecture to connect...

2 months ago - GlobeNewsWire

Microchip to invest $300 million to expand in India, joining rival chipmakers

Microchip Technology Inc. MCHP, +3.00% said Monday it will invest $300 million over multiple years to expand its presence in India. The company already has about 2,500 employees in India and will now ...

3 months ago - Market Watch

Microchip Launches $300M Multi-Year Investment Initiative to Expand its Presence in India

Includes funding for facilities, engineering labs, talent acquisition and support for regional technology consortia and educational institutions Includes funding for facilities, engineering labs, tale...

3 months ago - GlobeNewsWire

3 Semiconductor Stocks Poised to Benefit From the AI Revolution

Broadcom, Marvell and Microchip are affordable alternatives for investors eyeing the booming AI market.

Other symbols: AVGOMRVL
3 months ago - GuruFocus

New Cesium Atomic Clock Provides Autonomous Precise Time of 100 ns Holdover for Months

Microchip's 5071B is a compact commercial timing product offering ease of deployment across multiple industries Microchip's 5071B is a compact commercial timing product offering ease of deployment acr...

3 months ago - GlobeNewsWire

Microchip Technology to Present at the B of A Securities 2023 Global Technology Conference

CHANDLER, Ariz., June 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...

4 months ago - GlobeNewsWire

Microchip Technology to Present at the Needham 7th Annual Automotive Technology Day

CHANDLER, Ariz., June 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...

4 months ago - GlobeNewsWire

Microchip Technology to Present at the Stifel 2023 Cross Sector Insight Conference

CHANDLER, Ariz., June 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...

4 months ago - GlobeNewsWire

Microchip Slashes Time to Innovation with Industry's Most Power-Efficient Mid-Range FPGA Industrial Edge Stack, More Core Library IP and Conversion Tools

Additions make it easier than ever to switch to  PolarFire® FPGAs and System-on-Chip (SoC) FPGAs

4 months ago - GlobeNewsWire