Microchip Technology Incorporated (MCHP)

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...

• Industry: Semiconductors
• Sector: Technology
• IPO Date: Mar 19, 1993
• Employees: 22,600
• Stock Exchange: NASDAQ
• Ticker Symbol: MCHP

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%.

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