Microchip Technology Incorporated (MCHP)
| Market Cap | 40.33B |
| Revenue (ttm) | 6.59B |
| Net Income (ttm) | 1.37B |
| Shares Out | 536.51M |
| EPS (ttm) | 2.51 |
| PE Ratio | 29.95 |
| Forward PE | 35.22 |
| Dividend | $1.82 (2.42%) |
| Ex-Dividend Date | Aug 22, 2024 |
| Volume | 4,727,310 |
| Open | 76.66 |
| Previous Close | 77.34 |
| Day's Range | 74.55 - 77.07 |
| 52-Week Range | 68.75 - 100.57 |
| Beta | 1.52 |
| Analysts | Strong Buy |
| Price Target | 98.25 (+30.69%) |
| Earnings Date | Nov 5, 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]
Financial Performance
In 2023, Microchip Technology'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 StatementsAnalyst Forecast
According to 20 analysts, the average rating for MCHP stock is "Strong Buy." The 12-month stock price forecast is $98.25, which is an increase of 30.69% from the latest price.
News
Microchip Expands 64-bit Portfolio with High-Performance, Post-Quantum Security-Enabled PIC64HX Microprocessors
CHANDLER, Ariz., Oct. 21, 2024 (GLOBE NEWSWIRE) -- The global edge computing market is expected to grow by more than 30 percent in the next five years, serving mission-critical applications in the aer...
5 Chip Stocks to Buy on the Dip
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Microchip's RTG4™ FPGAs with Lead-Free Flip-Chip Bumps Achieve Highest Space Qualification
CHANDLER, Ariz., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Satisfying mission assurance requirements for the most critical space programs, Microchip Technology's (Nasdaq: MCHP) Radiation-Tolerant (RT) RTG4™ F...
Retired CEO and Chair of the Board of Directors of Microchip Technology Steve Sanghi Releases New Book: “Ask Steve: Everyday business advice from a successful CEO”
PARADISE VALLEY, Ariz., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Steve Sanghi, retired CEO and chair of the board of directors of Microchip Technology, today announces the release of his third book, “Ask Ste...
Microchip Releases 20 Advanced Wi-Fi® Products for Industrial and Commercial Applications
CHANDLER, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- With Industry 4.0, the rapid rise of Artificial Intelligence (AI), digitized manufacturing and the age of IoT everything, the demand for wireless con...
New VelocityDRIVE™ Software Platform and Automotive-Qualified Multi-Gigabit Ethernet Switches for Software-Defined Vehicles
The VelocityDRIVE Software Platform enables switch-management communication based on standardized YANG models The VelocityDRIVE Software Platform enables switch-management communication based on stand...
Citi Increases Optimism on Semiconductor Sector After Strong August Sales
Citi has expressed increased optimism towards the semiconductor industry following stronger-than-expected sales data for August. Analog Devices (ADI, Financial) remains Citi's top pick in the sector.
This Analyst With 86% Accuracy Rate Sees Over 11% Upside In Meta Platforms - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled mixed on Friday, with the Dow Jones index surging to a fresh record high level during the session. Major indices recorded gains for the third straight week, with the Dow and S&P 50...
New Solution from Microchip Makes it Easier to Build Sophisticated Graphical User Interfaces for MPLAB® Harmony v3 and Linux® Environments
Microchip Graphics Suite is designed to enable seamless portability between Microchip product families and environments to help designers significantly reduce development costs and speed time to marke...
Microchip Technology to Present at the Goldman Sachs Communacopia + Technology Conference
CHANDLER, Ariz., Sept. 10, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch
The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio fell by 0.27% in August, under...
Microchip Technology to Present at the Citi 2024 Global TMT Conference
CHANDLER, Ariz., Sept. 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Technology says certain operations disrupted by cyber incident
Microchip Technology said on Tuesday an "unauthorized party" disrupted the company's use of certain servers and some business operations.
Microchip Technology Incorporated. (MCHP) 2024 Annual Shareholders Meeting
Microchip Technology Incorporated. (NASDAQ:MCHP) 2024 Annual Shareholders Meeting August 20, 2024 12:00 PM ET Company Participants Steve Sanghi - Executive Chair Rich Simoncic - Chief Operating Offic...
Microchip Technology On The Brink: Looming Death Cross Raises Bearish Concerns
Microchip Technology Inc. MCHP is teetering on the edge of a significant technical breakdown as its moving averages hint that the stock may be nearing the dreaded Death Cross.
Expanded Single Pair Ethernet Portfolio with 100BASE-T1 and 1000BASE-T1 PHY Transceivers for Network Interoperability
Microchip's LAN887x PHYs offer extended reach up to 40m and are designed to be compliant with industry standards Microchip's LAN887x PHYs offer extended reach up to 40m and are designed to be complian...
Microchip (MCHP) Upgrade Struggles to Move Needle on Stock
Piper Sandler upgraded Microchip (MCHP) on Friday, but there was little change in the stock after the opening bell. Kevin Green says there's a clash in views around the semiconductor chip maker.
Microchip Technology Adds ECC20x and SHA10x Families of Secure Authentication ICs to TrustFLEX Platform
CHANDLER, Ariz., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Secure key provisioning is vital to protect sensitive keys against third-party tampering and malicious attacks.
Microchip Technology to Webcast Annual Meeting of Shareholders
CHANDLER, Ariz., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that it will webcas...
Microchip and Acacia Collaborate to Enable Optimized Terabit-Scale Data Center Interconnect Systems
The companies enable an interoperable coherent optics ecosystem that can help streamline the development of data center interconnect and metro transport systems The companies enable an interoperable c...
Pick Your Power with Microchip's New Electric Vehicle Charger Reference Designs
Flexible and scalable EV charger reference designs are designed to meet unique regional requirements Flexible and scalable EV charger reference designs are designed to meet unique regional requirement...
Microchip: Cyclical Recovery Got Delayed, But I Still Think It's Near
MCHP remains a buy rating with expectations of a cyclical turnaround in 3Q25. 1Q25 results showed decline in revenue and margins, with 2Q25 guidance indicating further sequential deceleration. Focus o...
Microchip Introduces High-Performance PCIe® Gen 5 SSD Controller Family
CHANDLER, Ariz., Aug. 05, 2024 (GLOBE NEWSWIRE) -- The Artificial Intelligence (AI) boom and rapid expansion of cloud-based services are accelerating the need for data centers to be more powerful, eff...
Microchip Technology to Present at the KeyBanc Capital Markets Technology Leadership Forum
CHANDLER, Ariz., Aug. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...
End market weakness coming from industrial and automotive sectors, says Microchip Technology CEO
Ganesh Moorthy, Microchip Technology CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, where the company's weakness and strength are coming from, and much more.