MCHP - Microchip Technology Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
89.62
+0.60 (+0.67%)
As of 2:11PM EDT. Market open.
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Previous Close89.02
Open88.60
Bid89.63 x 1800
Ask89.66 x 800
Day's Range88.03 - 89.77
52 Week Range60.70 - 101.35
Volume836,416
Avg. Volume2,360,579
Market Cap21.334B
Beta (3Y Monthly)1.57
PE Ratio (TTM)60.60
EPS (TTM)1.48
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & Yield1.46 (1.66%)
Ex-Dividend Date2019-08-20
1y Target Est104.47
Trade prices are not sourced from all markets
  • We Wouldn't Be Too Quick To Buy Microchip Technology Incorporated (NASDAQ:MCHP) Before It Goes Ex-Dividend
    Simply Wall St.

    We Wouldn't Be Too Quick To Buy Microchip Technology Incorporated (NASDAQ:MCHP) Before It Goes Ex-Dividend

    Readers hoping to buy Microchip Technology Incorporated (NASDAQ:MCHP) for its dividend will need to make their move...

  • 2 Fast-Growing Chip Stocks With Solid Upside
    TipRanks

    2 Fast-Growing Chip Stocks With Solid Upside

    Investing is all about returns, and investors want to see their money work. The tech sector has long been known for spectacular return on investment (ROI) among the giant corporations. Just think about Amazon’s (AMZN) sky-high share price, or Microsoft’s (MSFT) trillion-dollar market cap – but the average tech stocks have shown themselves to be vulnerable to market pressures, especially from China. In today’s environment, with US-China trade tensions continuing to simmer and fears growing of a Chinese crackdown in Hong Kong, it only makes sense to expect tech stocks to suffer.But not all of them are. Here, we’ll look at two chip stocks that have been delivering for their shareholders, and have what it takes to succeed in these dynamic times. Flagging Microchip Technologies for a Bullish BreakoutThe semiconductor industry is broad, and Microchip Technologies (MCHP) has found its niche within it. The company focuses on integrated circuits, microcontrollers, and related processor chips for professional and home uses. MCHP’s products have a wide range of applications, from IoT to touchscreen technology to home appliances to the automotive, aerospace, and defense industries. It just goes to show that a narrowly focused product can have broader applications.And broader applications are good for profits. MCHP is up 25% year-to-date, beating the S&P 500’s 16% return, and in its recent fiscal Q1 earnings report beat the EPS estimate by 12.8%, on revenues that met expectations. In an added bonus for investors, MCHP has a history of regular dividend payments at 36 cents per share quarterly. While a modest payout, it’s a bit of icing on top of that year-to-date share appreciation.Wall Street’s top analysts are taking note of MCHP, acknowledging the company’s profitable niche and potential. 5-star Needham analyst Rajvindra Gill, who in January downgraded the stock, has since revised his stance and set it as a buying prospect. His $100 price target suggests an upside of 15% to the shares. (To watch Gill's track record, click here)Gill is not alone going bullish on Microchip. 5-star analyst Hans Mosesmann of Rosenblatt, wrote, “We reiterate our Buy rating for MCHP with a $115 price target…” That price target indicates a 32% upside. And writing from B. 4-star Riley FBR, Craig Ellis said, “Q/Q revenue growth midpoint, coupled with CEO Sanghi’s positive tone, embolden confidence growth is returning for chip suppliers…” Ellis set a bullish $120 price target, suggesting he sees room for a 38% upside potential.Overall, Microchip has a Strong Buy from the analyst consensus, based on 8 recent ratings including 7 buys and 1 hold. The average price target, $109, suggests an upside of 25% from the current share price of $90. (See MCHP's price targets and analyst ratings on TipRanks) Broadcom Stock Has 25% Upside, Says Merrill Lynch Broadcom (AVGO) Stock is up 9% so far this year, which underperforms the broader market indexes, but for return-minded investors AVGO’s dividend more than compensates the slower share gains. At 3.74%, the yield is double the S&P 500 average, and the high share price makes the payout $10.60 cents per share annualized.5-star Merrill Lynch analyst Vivek Arya took note of Broadcom’s recent acquisition efforts, specifically the company’s attempt to purchase cybersecurity company Symantec (SYMC). Arya writes, “In July, there were media reports of Broadcom being in talks to buy Symantec as a whole. The latest deal is reportedly for Symantec’s enterprise security business, which is a better fit for Broadcom than acquiring the entire company.” Arya goes on to note that Broadcom has a successful history of M&A, saying “the strategy has proved to be extremely effective in consistently generating free cash flow.” Arya’s approval of AVGO stock is reflected in $345 price target and 27% upside prediction on the stock. (To watch Arya's track record, click here)5-star analyst Mitch Steves, writing from RBC Capital, also takes a bullish stance on AVGO. In initiating coverage with a Buy rating last month, Steves said, “The stock offers potential for multiple expansion given the company's long-term earnings growth well into double digits and a healthy capital allocation.” Steves’ price target for Broadcom, $320, suggests a 18% upside.Broadcom’s analyst consensus rating is a Strong Buy, derived from 23 buy ratings and 7 holds given in the past three months. Shares are selling for $277 and the stock carries an average price target of $313, giving it an upside potential of 15%. (See AVGO's price targets and analyst ratings on TipRanks)

  • Tech Stocks' Earnings to Watch Out For: CSCO, NTAP, HPQ
    Zacks

    Tech Stocks' Earnings to Watch Out For: CSCO, NTAP, HPQ

    Here is a sneak peek into how three technology stocks, namely, Cisco, NetApp and HP, are poised ahead of their upcoming earnings releases.

  • Thomson Reuters StreetEvents

    Edited Transcript of MCHP earnings conference call or presentation 6-Aug-19 9:00pm GMT

    Q1 2020 Microchip Technology Inc Earnings Call

  • Microchip spending millions to bring some outsourced acquisition operations in house
    American City Business Journals

    Microchip spending millions to bring some outsourced acquisition operations in house

    Microchip CEO Steve Sanghi said the company’s June quarter financial results “were better than we expected in spite of a challenging economic environment” with the Huawei shipment restrictions and Chinese trade tensions.

  • GlobeNewswire

    Microchip Technology to Webcast Annual Shareholders’ Meeting

    CHANDLER, Ariz., Aug. 08, 2019 -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading semiconductor supplier of smart, connected and secure embedded control.

  • Microchip Earnings Boost Broadline Chip Stocks
    Investopedia

    Microchip Earnings Boost Broadline Chip Stocks

    Microchip's upbeat earnings amid a challenging operating environment helped lift semiconductor stocks. Trade these three players.

  • Microchip Enters Memory Infrastructure Market with Serial Memory Controller for High-performance Data Center Computing
    PR Newswire

    Microchip Enters Memory Infrastructure Market with Serial Memory Controller for High-performance Data Center Computing

    SMC 1000 8x25G enables high memory bandwidth required by next-generation CPUs and SoCs for AI and machine learning BANGKOK, Thailand , Aug. 8, 2019 /PRNewswire/ -- As the computational demands of artificial ...

  • Microchip (MCHP) Q1 Earnings Beat Estimates, Revenues Miss
    Zacks

    Microchip (MCHP) Q1 Earnings Beat Estimates, Revenues Miss

    Microchip (MCHP) rides on strength in microcontroller business and portfolio expansion. However, impact of Huawei shipment limitations acted as the primary tailwind during the reported quarter.

  • Microchip Technology (MCHP) Q1 2020 Earnings Call Transcript
    Motley Fool

    Microchip Technology (MCHP) Q1 2020 Earnings Call Transcript

    MCHP earnings call for the period ending June 30, 2019.

  • Investing.com

    Top 5 Things to Know in the Market on Wednesday

    Investing.com - Here are the top five things you need to know in financial markets on Wednesday, August 7:

  • Microchip Technology (MCHP) Q1 Earnings Surpass Estimates
    Zacks

    Microchip Technology (MCHP) Q1 Earnings Surpass Estimates

    Microchip Tech (MCHP) delivered earnings and revenue surprises of 2.17% and -0.68%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Microchip Technology Earnings Beat Views, But Sales A Bit Light
    Investor's Business Daily

    Microchip Technology Earnings Beat Views, But Sales A Bit Light

    Microchip Technology late Tuesday beat Wall Street's earnings target for its fiscal first quarter, but came up short on sales. The earnings news sent shares higher in extended trading.

  • GlobeNewswire

    Microchip Technology Declares Quarterly Cash Dividend of 36.60 Cents Per Share

    CHANDLER, Ariz., Aug. 06, 2019 (GLOBE NEWSWIRE) -- (MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 36.60 cents per share. The dividend is payable on September 4, 2019 to stockholders of record on August 21, 2019. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 60 times since its inception.

  • GlobeNewswire

    Microchip Technology Announces Financial Results for First Quarter of Fiscal Year 2020

    For the quarter ended June 30, 2019 Net sales of $1.323 billion, down 0.5% sequentially and up 9.1% from the year ago quarter.  The midpoint of our guidance provided on May 7,.

  • GlobeNewswire

    Enhancing System Architecture Implementation for AI Applications, Microchip Delivers its Analog Embedded SuperFlash® Technology

    Microchip Technology Inc. (MCHP), via its Silicon Storage Technology (SST) subsidiary, is addressing this challenge by significantly reducing power with its analog memory technology, the memBrain™ neuromorphic memory solution.

  • Why Microchip Technology Incorporated (NASDAQ:MCHP) Could Be Worth Watching
    Simply Wall St.

    Why Microchip Technology Incorporated (NASDAQ:MCHP) Could Be Worth Watching

    Microchip Technology Incorporated (NASDAQ:MCHP) received a lot of attention from a substantial price movement on the...

  • Sluggish Car Sales Slow Down Chipmakers as Trade Woes Escalate
    Bloomberg

    Sluggish Car Sales Slow Down Chipmakers as Trade Woes Escalate

    (Bloomberg) -- Semiconductor companies are wincing as consumers around the globe are buying fewer cars amid continuing trade tensions between the U.S. and China.China has been a pain point for the sector as the two countries continue to spar on trade, and chipmakers had braced for slumping demand in the country to dent performance. The automotive sector has emerged as one of the biggest sources of weakness and is now threatening to dampen the chances of a recovery in the latter half of the year.It has so far been an unfortunate year for automakers, as global sales shrank 6.5% from a year earlier in the first quarter of 2019, and 7% in the next three months, according to Bloomberg Intelligence. China led the decline with car sales in the country falling for 12 consecutive months through June, amid slowing economic growth, trade-related turmoil, and a weak consumer demand, exacerbated by newer and stricter emissions rules. With the U.S. and China ratcheting the turmoil up a notch this week, some say the risks of tariffs on auto imports is now higher.Many auto parts suppliers, as well as Ford Motor Co., have reported disappointing results and issued weak forecasts for the year, citing the China slowdown. And now the effect is rippling through the rest of the supply chain, hurting chipmakers and other industrial manufacturers.“China weakness was expected, but in all honesty, we were expecting a trade deal by now,” Piper Jaffray & Co. analyst Harsh Kumar said in an interview. Kumar, who covers semiconductor stocks, said the companies supplying the automotive market were still seeing growth in radar and electrification-related products, while the traditional, gas engine segment is getting hit hard.Most of the automotive chip manufacturers have a larger piece of their business associated with traditional auto, and “that is not doing so well because there isn’t any market share or penetration to be gained; it is simply a units game,” Kumar said, referring to the fewer number of cars being sold.Maxim Integrated Products Inc., which makes chips that are used in various parts of a car including lighting, infotainment and driver assistance systems, said it expected the calendar third quarter to be slow, due to a “soft environment” for automotive production. The company’s battery management systems used in electric vehicles will also have fewer shipments, given the market uncertainty in China, the company said.The concerns were echoed by NXP Semiconductors NV, which makes components that help a car to sense its environment and process that data. Maxim and NXP’s customers include auto suppliers such as Aptiv Plc, Lear Corp. and Visteon Corp. as well as Fiat Chrysler Automobiles NV. Other chipmakers with substantial auto market exposure include Infineon Technologies AG, Analog Devices Inc., Texas Instruments Inc., and Microchip Technology Inc.Meanwhile, Rockwell Automation Inc., which counts both automotive and semiconductor sectors among its customers, saw both markets decline in the quarter ending June 30.“Overall, the combination of production cuts and reductions in component inventory is having an significant impact,” Morgan Stanley’s Craig Hettenbach, who covers semiconductors, said in an email interview. The analyst said that while the weakness is most pronounced in China, Europe has also been below expectations from the beginning of the year. “There is a lot of focus on when China will provide incentives to stimulate demand, but company and investor expectations for stimulus are pretty low right now,” Hettenbach said.A respite is not expected anytime soon. According to Moody’s, global vehicle sales are expected to fall 3.8% in 2019, amid further weakening demand in China and Western Europe. The latest round of trade war-related tarriffs could make matters even worse.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jennifer Bissell-Linsk, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Earnings Preview: Microchip Technology (MCHP) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Microchip Technology (MCHP) Q1 Earnings Expected to Decline

    Microchip Tech (MCHP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Semiconductor Stocks To Buy And Watch Amid Q2 Earnings Season
    Investor's Business Daily

    Semiconductor Stocks To Buy And Watch Amid Q2 Earnings Season

    Finding top semiconductor stocks to buy involves understanding the health of markets that purchase chips for their products. Chip stocks have risen on hopes for a late 2019 market recovery.

  • Tech Stocks Drove the Nasdaq to New Heights Today
    Market Realist

    Tech Stocks Drove the Nasdaq to New Heights Today

    Tech stocks are driving today's stock market rally. As of 3:52 PM ET, the tech-heavy the Nasdaq Composite Index is up 0.81%, driven by a surge in tech stocks.

  • Microchip CEO, other company C-suite execs pull in big pay raises
    American City Business Journals

    Microchip CEO, other company C-suite execs pull in big pay raises

    Steve Sanghi and other top executives saw their compensation climb in the past year thanks to generous stock options.

  • Need To Know: Microchip Technology Incorporated (NASDAQ:MCHP) Insiders Have Been Selling Shares
    Simply Wall St.

    Need To Know: Microchip Technology Incorporated (NASDAQ:MCHP) Insiders Have Been Selling Shares

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • The Zacks Analyst Blog Highlights: Microsoft, UnitedHealth, Costco, Uber and Microchip Technology
    Zacks

    The Zacks Analyst Blog Highlights: Microsoft, UnitedHealth, Costco, Uber and Microchip Technology

    The Zacks Analyst Blog Highlights: Microsoft, UnitedHealth, Costco, Uber and Microchip Technology