Microchip Technology Incorporated (MCHP)
| Market Cap | 44.14B |
| Revenue (ttm) | 8.54B |
| Net Income (ttm) | 2.36B |
| Shares Out | 540.39M |
| EPS (ttm) | 4.28 |
| PE Ratio | 19.08 |
| Forward PE | 30.18 |
| Dividend | $1.80 (2.20%) |
| Ex-Dividend Date | Feb 22, 2024 |
| Volume | 6,727,424 |
| Open | 83.89 |
| Previous Close | 84.21 |
| Day's Range | 80.90 - 84.21 |
| 52-Week Range | 68.75 - 94.30 |
| Beta | 1.63 |
| Analysts | Buy |
| Price Target | 92.81 (+13.63%) |
| Earnings Date | May 6, 2024 |
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]
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 StatementsAnalyst Forecast
According to 16 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is $92.81, which is an increase of 13.63% from the latest price.
News
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.
Microchip Technology Expands Partnership with TSMC to Strengthen Semiconductor Manufacturing Capacity
As part of a larger company initiative to increase supply chain resiliency, this initiative will focus on specialized 40nm processes for Microchip CHANDLER, Ariz., April 08, 2024 (GLOBE NEWSWIRE) -- M...
Microchip Technology Appoints Rich Simoncic as Chief Operating Officer
CHANDLER, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced th...
Microchip Technology Introduces ECC608 TrustMANAGER with Kudelski IoT keySTREAM
CHANDLER, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- As the world comes to rely on interconnected IoT systems—for everything from household items like smart thermostats, virtual assistant technology an...
Microchip Technology Expands Its Serial SRAM Portfolio to Larger Densities and Increased Speeds
CHANDLER, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- To address a common customer need for bigger and faster SRAM, Microchip Technology (Nasdaq: MCHP) has expanded its Serial SRAM product line to inclu...
Microchip Technology Expands TrustFLEX Family with CEC1736 Real-time Platform Root of Trust Devices
With the pre-configured CEC1736 TrustFLEX family, Microchip is making it easier for customers to implement platform root of trust and faster prototyping.
Microchip Technology Releases Qi® v2.0 Standards-Compliant dsPIC33-Based Reference Design
CHANDLER, Ariz., March 21, 2024 (GLOBE NEWSWIRE) -- As major charger manufacturers, including those in the automotive industry, are working to implement Qi® v2.0 (Qi2) standards, Microchip Technology ...
Microchip Technology to Present at the Morgan Stanley Technology, Media & Telecom Conference
CHANDLER, Ariz., March 04, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company w...
Microchip Technology to Present at the Raymond James Instutional Investors Conference
CHANDLER, Ariz., March 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Launches New dsPIC® DSC-Based Integrated Motor Drivers that Bring Controllers, Gate Drivers and Communications to a Single Device
By integrating multiple device functions into one chip, Microchip's dsPIC DSC-based integrated motor drivers can reduce system-level costs and board space.
Microchip Expands its mSiC™ Solutions with the 3.3 kV XIFM Plug-and-Play mSiC Gate Driver to Accelerate the Adoption of High-Voltage SiC Power Modules
The highly integrated 3.3 kV XIFM plug-and-play digital gate driver is designed to work out-of-the-box with high-voltage SiC-based power modules to simplify and speed system integration The highly int...
Microchip (MCHP) stock: rating downgrade as a double top forms
Microchip Technology (NASDAQ: MCHP) stock price has plunged hard this year, underperforming other semiconductor companies. The shares retreated to $81.6 on Friday, much lower than the December high of...
Microchip's Low-Cost PolarFire® SoC Discovery Kit Makes RISC-V® and FPGA Design More Accessible for a Wider Range of Embedded Engineers
CHANDLER, Ariz., Feb. 15, 2024 (GLOBE NEWSWIRE) -- The embedded industry is seeing an increased demand for open-source RISC-V®-based processor architectures, but there are still limited options when i...
TimeProvider® 4500 Series is the Industry's First Grandmaster to Provide High-Speed Network Interfaces up to 25 Gbps
Extends Microchip's IEEE®-1588 grandmaster portfolio and enables precise time accuracy to less than one nanosecond Extends Microchip's IEEE®-1588 grandmaster portfolio and enables precise time accurac...
Microchip Earns Certification in ISO/SAE 21434 Road Vehicle—Cybersecurity Engineering Standard from UL Solutions
CHANDLER, Ariz., Feb. 08, 2024 (GLOBE NEWSWIRE) -- As everything from infotainment to engine systems in the automotive industry becomes more dependent on wireless and in-vehicle network connectivity, ...
Microchip Technology Reducing Executive Salaries
The move comes “in connection with other expense reduction actions being taken by the management team,” the company said.
Microchip Technology expects dour Q4 net sales as customers deal with excess inventory
Chipmaker Microchip Technology forecast fourth-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers as they clear excess inventory.
Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024
CHANDLER, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported res...
Microchip Technology Increases Quarterly Cash Dividend 25.7% Year-Over-Year to 45.0 Cents Per Share
CHANDLER, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced t...
15 semiconductor companies that have followed Nvidia's lead by showing pricing power and improved efficiency
When thinking about an industry group in the stock market, you can look ahead at sales and profit estimates, or you can look back to see which companies have been faring best by common measures.
The Next Evolutionary Step in Customizable Logic, Microchip Releases PIC16F13145 Family of MCUs
Few single-chip solutions address design challenges like PIC16F131 MCUs in terms of managing custom logic functions and minimizing power use and complexity
Microchip Technology Announces Addition of Ellen Barker to Its Board Of Directors
CHANDLER, Ariz., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Ellen Barker, f...