Microchip Technology Inc. (MCHP)

NASDAQ: MCHP · IEX Real-Time Price · USD
73.71
+2.34 (3.28%)
At close: Aug 12, 2022 4:00 PM
73.97
+0.26 (0.35%)
After-hours: Aug 12, 2022 7:56 PM EDT
3.28%
Market Cap 40.72B
Revenue (ttm) 7.22B
Net Income (ttm) 1.54B
Shares Out 552.48M
EPS (ttm) 2.72
PE Ratio 27.10
Forward PE 13.68
Dividend $0.98 (1.33%)
Ex-Dividend Date Aug 18, 2022
Volume 4,407,706
Open 71.94
Previous Close 71.37
Day's Range 71.67 - 73.99
52-Week Range 54.33 - 90.00
Beta 1.62
Analysts Buy
Price Target 83.43 (+13.2%)
Earnings Date Aug 2, 2022

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 microprocessors markets; 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 development tools that enable ... [Read more...]

Industry Semiconductors & Semiconductor Equipment
IPO Date Mar 19, 1993
CEO Steve Sanghi
Employees 21,000
Stock Exchange NASDAQ
Ticker Symbol MCHP
Full Company Profile

Financial Performance

In 2021, MCHP's revenue was $6.82 billion, an increase of 25.42% compared to the previous year's $5.44 billion. Earnings were $1.29 billion, an increase of 267.92%.

Financial Statements

Analyst Forecast

According to 32 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is 83.43, which is an increase of 13.19% from the latest price.

Price Target
$83.43
(13.19% upside)
Analyst Consensus: Buy
Stock Forecasts

News

MCHP or MPWR: Which Is the Better Value Stock Right Now?

MCHP vs. MPWR: Which Stock Is the Better Value Option?

Other symbols: MPWR

Microchip Technology to Present at the KeyBanc 23rd Annual Vail Global Tech Leadership Forum

CHANDLER, Ariz., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will ...

What's Behind Microchip Technology Stock's 3x Rally Since Late 2017?

Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.2x from $22 in 2017 end, to over $70 currently, primarily due to favorable changes in its P/S multiple and revenues.

Chipmakers For Consumer Devices See Slowing Sales Ahead

Chipmakers exposed to PCs, consumer electronics and Android smartphones have noted weakening demand in their second-quarter earnings reports. The post Chipmakers For Consumer Devices See Slowing Sales A...

Microchip (MCHP) Q1 Earnings Top Estimates, Revenues Rise Y/Y

Microchip's (MCHP) fiscal first-quarter results reflect continued momentum in both analog and microcontroller businesses.

We're unable to meet demand, so we're building factory capacity, says Microchip Tech's CEO

Ganesh Moorthy, Microchip Technology CEO, joins 'TechCheck' to discuss supply chain challenges Microchip is facing, concerns around the durability of the strength in Microchip's businesses and how recen...

Microchip Technology (MCHP) Tops Q1 Earnings and Revenue Estimates

Microchip Tech (MCHP) delivered earnings and revenue surprises of 2.24% and 0.36%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Microchip Technology Declares 37.8% Year-Over-Year Quarterly Cash Dividend Increase to 30.1 Cents per Share

CHANDLER, Ariz., Aug. 02, 2022 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that...

Microchip Technology Announces Record Financial Results for First Quarter of Fiscal Year 2023

CHANDLER, Ariz., Aug. 02, 2022 (GLOBE NEWSWIRE) --  (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported resu...

Microchip Introduces New CXL™ Smart Memory Controllers for Data Center Computing Enabling Modern CPUs to Optimize App...

The SMC 2000 family delivers DDR memory bandwidth and capacity expansion, reliability, media flexibility for next-generation CPUs and SoCs to accelerate AI and machine learning performance The SMC 2000 ...

These Chipmakers Are Least At Risk For Order Cancellations

Concerns about rising inventories in the semiconductor industry have led to worries about order cancellations. The post These Chipmakers Are Least At Risk For Order Cancellations appeared first on Inves...

4 Stocks to Buy on Soaring Semiconductor Revenues

Semiconductor shortage is crippling several industries but rising sales on soaring demand have been helping companies like Analog Devices (ADI), Microchip Technology Incorporated (MCHP), STMicroelectron...

Other symbols: ADIRFILSTM

MCHP vs. MPWR: Which Stock Should Value Investors Buy Now?

MCHP vs. MPWR: Which Stock Is the Better Value Option?

Other symbols: MPWR

Microchip (MCHP) Launches First Automotive Touchscreen Controller

Microchip Technology (MCHP) launches the world's first automotive-grade touchscreen controllers - the maXTouch Knob-on-Display (KoD) family of touchscreen controllers.

Top Wall Street analysts see strong upside potential in each of these stocks

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Rivian and Nio.

Other symbols: CNIOPSARIVN

Why Microchip Technology (MCHP) is a Top Value Stock for the Long-Term

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What's Behind Microchip Technology Stock's Stellar Outperformance Since 2018?

Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.3x from $18 in 2018 end, to almost $60 currently, primarily due to favorable changes in its P/S multiple.

Why Microchip Technology (MCHP) is a Top Growth Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

New 8-bit MCU Development Board Connects to 5G LTE-M Narrowband-IoT Networks

The AVR-IoT Cellular Mini Development Board is the latest to join Microchip's AVR® family, providing developers an easy blueprint for building IoT devices The AVR-IoT Cellular Mini Development Board is ...

Industry's Largest Family of Inductive Position Sensors Now Includes Solution for ISO 26262-Compliant EV Motor Contro...

Microchip expects its LX34070 IC to help accelerate the global move away from expensive and less accurate magnet-based solutions for safety-critical EV motor position monitoring Microchip expects its LX...

Why Is Microchip Tech (MCHP) Up 3.6% Since Last Earnings Report?

Microchip Tech (MCHP) reported earnings 30 days ago. What's next for the stock?

Microchip Technology to Present at the Bank of America Securities 2022 Global Technology Conference

CHANDLER, Ariz., June 06, 2022 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that t...

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

CHANDLER, Ariz., June 06, 2022 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that t...

Microchip Simplifies Automotive Designs with ISO 26262-Compliant, AUTOSAR-Ready Devices and Ecosystem

New dsPIC33C DSCs add support for AUTOSAR, OS, MCAL drivers and functional safety, enabling robust and secure automotive solutions New dsPIC33C DSCs add support for AUTOSAR, OS, MCAL drivers and functio...

Industry's First Microcontroller Integrated with a Robust Secure Subsystem and Arm® TrustZone® Technology

Microchip releases Arm Cortex®-M23 based microcontroller supported with secure key provisioning solutions Microchip releases Arm Cortex®-M23 based microcontroller supported with secure key provisioning ...