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Microchip Technology Inc. (MCHP)

NASDAQ: MCHP · IEX Real-Time Price · USD
76.07
+0.06 (0.08%)
After-hours:Oct 21, 2021 7:24 PM EDT
76.01
1.13 (1.51%)
At close: Oct 21, 4:00 PM
Market Cap41.66B
Revenue (ttm)5.70B
Net Income (ttm)478.60M
Shares Out547.60M
EPS (ttm)0.86
PE Ratio88.28
Forward PE17.09
Dividend$0.77 (1.01%)
Ex-Dividend DateAug 19, 2021
Volume1,843,336
Open74.33
Previous Close74.88
Day's Range74.33 - 76.12
52-Week Range25.30 - 83.07
Beta1.64
AnalystsBuy
Price Target89.52 (+17.8%)
Est. Earnings DateNov 4, 2021

About MCHP

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications 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 tha...

IndustrySemiconductors & Semiconductor Equipment
IPO DateMar 19, 1993
CEOSteve Sanghi
Employees19,500
Stock ExchangeNASDAQ
Ticker SymbolMCHP
Full Company Profile

Financial Performance

In 2020, MCHP's revenue was $5.44 billion, an increase of 3.11% compared to the previous year's $5.27 billion. Earnings were $349.40 million, a decrease of -38.77%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is 89.52, which is an increase of 17.77% from the latest price.

Price Target
$89.52
(17.77% upside)
Analyst Consensus: Buy

News

New ISO 26262 Functional Safety Packages Simplify Design of ASIL B and ASIL C Safety Applications Using dsPIC®, PIC18...

Certified functional safety solution from Microchip accelerates the development and certification of automotive safety applications Certified functional safety solution from Microchip accelerates the de...

1 day ago - GlobeNewsWire

Microchip Tech (MCHP) Upgraded to Buy: Here's What You Should Know

Microchip Tech (MCHP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

6 days ago - Zacks Investment Research

Can Microchip Tech (MCHP) Keep the Earnings Surprise Streak Alive?

Microchip Tech (MCHP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

6 days ago - Zacks Investment Research

Analysts See Ample Upside In Microchip Technology

Stifel analyst Tore Svanberg initiated coverage of Microchip Technology Inc (NASDAQ:MCHP) with a Hold rating and a $76 Price Target, implying an 6% upside.  With the shares up 156% from the pandemic low...

1 week ago - Benzinga

Microchip and Acacia Collaborate to Enable Market Transition to 400G Pluggable Coherent Optics for Data Center Routin...

Solutions enable encrypted 100/400 GbE, FlexE and Flexible OTN interfaces for 400ZR, Open ZR+ and Open ROADM applications

2 weeks ago - GlobeNewsWire

5 Stocks That Promise Solid Dividend Growth

Stocks like Lithia Motors (LAD), Jones Lang LaSalle (JLL), Deere & Company (DE), Watts Water WTS), and Microchip Technology (MCHP) offer solid dividend growth.

Other symbols:DEJLLLADWTS
4 weeks ago - Zacks Investment Research

DARPA Researchers Can Now Accelerate Technology Innovation Using Microchip's Low-Power FPGA Product Families

Company joins the defense agency's innovation initiative that gives its researchers greater, more simplified access to commercial technologies and tools Company joins the defense agency's innovation ini...

1 month ago - GlobeNewsWire

Reduce Switching Losses up to 50% While Accelerating Time to Market with the First Fully Configurable Digital Gate Dr...

New technology enables electric buses and other e-transportation power systems to meet and exceed stringent environmental conditions while maximizing efficiency New technology enables electric buses and...

1 month ago - GlobeNewsWire

BofA Bumps Price Targets For Nvidia, Microchip, KLA

BofA analyst Vivek Arya has raised the price target on NVIDIA Corp (NASDAQ: NVDA) to $275 from $260, implying a 23.6% upside, and reiterated a Buy.  Arya raised the PT on Microchip Technology Inc (NASDA...

Other symbols:NVDAKLAC
1 month ago - Benzinga

Microchip Technology to Present at the Citi 2021 Global Technology Virtual Conference

CHANDLER, Ariz., Sept. 13, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that ...

1 month ago - GlobeNewsWire

Microchip Technology to Present at the Piper Sandler Global Technology Conference

CHANDLER, Ariz., Sept. 13, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that ...

1 month ago - GlobeNewsWire

Beat the September Slump With These Dividend Growth Stocks

Dividend growth stocks like Jones Lang (JLL), Watts Water Technologies (WTS), Robert Half (RHI), Microchip Technology (MCHP) and Cimarex Energy (XEC) seem like solid choices for September.

Other symbols:JLLRHIWTS
1 month ago - Zacks Investment Research

Microchip Unveils Industry's Most Compact 1.6T Ethernet PHY with Up to 800 GbE Connectivity for Cloud Data Centers, 5...

META-DX2L enables routers, switches and line cards to double their bandwidth by transitioning to 112G PAM4 interface rates META-DX2L enables routers, switches and line cards to double their bandwidth by...

1 month ago - GlobeNewsWire

Microchip Tech (MCHP) Up 5.5% Since Last Earnings Report: Can It Continue?

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

1 month ago - Zacks Investment Research

5 Stocks to Play Strength in the Semiconductor Industry

The Analog/Mixed Signal Semiconductor industry is one of the most attractive segments of the market where secular growth drivers are huge and deep. MXL, MTSI, MCHP, NXPI and ON are looking good now.

Other symbols:MTSIMXLNXPION
1 month ago - Zacks Investment Research

Up 8% This Week, Microchip Technology Stock Has Room For Further Growth

Microchip Technology stock has seen an impressive rise of 8% over the past week and currently trades at around $156 per share. The stock rally was driven by the jump in the broader indices, supported by...

1 month ago - Forbes

Microchip Technology to Host Analyst and Investor Day on November 8

CHANDLER, Ariz., Aug. 26, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that t...

1 month ago - GlobeNewsWire

Surging Earnings Estimates Signal Upside for Microchip Tech (MCHP) Stock

Microchip Tech (MCHP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 month ago - Zacks Investment Research

Microchip Technology Announces 2-for-1 Stock Split

CHANDLER, Ariz., Aug. 25, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today a 2-fo...

1 month ago - GlobeNewsWire

Microchip Technology (MCHP) Recently Broke Out Above the 200-Day Moving Average

Is it a good or bad thing when a stock surpasses resistance at the 200-day simple moving average?

1 month ago - Zacks Investment Research

Microchip Technology (MCHP) Crossed Above the 50-Day Moving Average: What That Means for Investors

Should investors be excited or worried when a stock crosses above the 50-Day simple moving average?

1 month ago - Zacks Investment Research

Microchip Technology (MCHP) Recently Broke Out Above the 20-Day Moving Average

Is it a good or bad thing when a stock surpasses resistance at the 20-day simple moving average?

1 month ago - Zacks Investment Research

CORRECTION - Microchip Technology to Present at the BMO 2021 Technology Summit

CHANDLER, Ariz., Aug. 23, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Monday, August 23rd by Microchip Technology Incorporated (NASDAQ: MCHP), please note that in the first p...

1 month ago - GlobeNewsWire

Microchip Technology to Present at the BMO 2021 Technology Summit

CHANDLER, Ariz., Aug. 23, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that t...

1 month ago - GlobeNewsWire

Tech Gains Despite Fed's Bond-Buy Tapering Signal: 5 Picks

We have narrowed down our search to five semiconductor bigwigs with strong growth potential for 2021. These are: AMD, ADI, MCHP, TXN and QCOM.

Other symbols:ADIAMDQCOMTXN
1 month ago - Zacks Investment Research