Microchip Technology (MCHP) Stock Price, News & Analysis

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MCHP shares.
View MCHP analyst ratings or view top-rated stocks.

16 brokers have issued twelve-month price targets for Microchip Technology's stock. Their MCHP share price targets range from $77.00 to $106.00. On average, they expect the company's share price to reach $92.50 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
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Microchip Technology's stock was trading at $90.18 at the start of the year. Since then, MCHP stock has decreased by 6.6% and is now trading at $84.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MCHP earnings forecast.

Microchip Technology Incorporated (NASDAQ:MCHP) released its quarterly earnings data on Thursday, February, 1st. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. The semiconductor company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. Microchip Technology had a net margin of 27.59% and a trailing twelve-month return on equity of 45.59%. The company's revenue for the quarter was down 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 EPS.
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Microchip Technology declared a quarterly dividend on Thursday, February 1st. Stockholders of record on Friday, February 23rd will be given a dividend of $0.45 per share on Friday, March 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for MCHP.

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 66.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

ETFs with the largest weight of Microchip Technology (NASDAQ:MCHP) stock in their portfolio include iShares Semiconductor ETF (SOXX), ClearBridge Focus Value ESG ETF (CFCV), First Trust Nasdaq Semiconductor ETF (FTXL), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco PHLX Semiconductor ETF (SOXQ), Adaptive Core ETF (RULE), Direxion Daily Semiconductors Bull 3x Shares (SOXL) and First Trust Indxx Metaverse ETF (ARVR).

Microchip Technology updated its fourth quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 0.460-0.680 for the period, compared to the consensus earnings per share estimate of 0.910. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.7 billion.

534 employees have rated Microchip Technology Chief Executive Officer Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Microchip Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Applied Materials (AMAT), Lam Research (LRCX) and Broadcom (AVGO).

Microchip Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.18%), Pensioenfonds Rail & OV (0.09%), Wealth Enhancement Advisory Services LLC (0.05%), Trust Co. of Virginia VA (0.04%), Massmutual Trust Co. FSB ADV (0.03%) and Portman Square Capital LLP (0.00%). Insiders that own company stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, Karlton D Johnson, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Steve Sanghi and Wade F Meyercord.
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Shares of MCHP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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