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... [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 $98.73, which is an increase of 29.06% from the latest price.
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...

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...

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.

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...

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...

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...

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

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...

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...

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.

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...

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...
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...

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.

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...

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...

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...

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 ...

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 Semiconductor Stocks Poised to Benefit From the AI Revolution
Broadcom, Marvell and Microchip are affordable alternatives for investors eyeing the booming AI market.

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...

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...

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...

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...

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