95.68 0.00 (0.00%)
After hours: 6:12PM EDT
|Bid||84.00 x 800|
|Ask||95.71 x 900|
|Day's Range||94.32 - 95.79|
|52 Week Range||60.70 - 101.35|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||64.69|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.46 (1.53%)|
|1y Target Est||104.78|
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Availability of open source tools for market-leading OpenStack cloud management software simplifies configuration, deployment and management of storage resources CHANDLER, Ariz. , Oct. 10, 2019 /PRNewswire/ ...
Today we'll look at Microchip Technology Incorporated (NASDAQ:MCHP) and reflect on its potential as an investment...
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CHANDLER, Ariz., Sept. 30, 2019 -- As the number and types of connected devices proliferates, market fragmentation and security vulnerabilities in the Internet of Things (IoT).
As we highlighted recently, the best place to find dividend stocks could the tech sector. Need an example? Just take a look at Microsoft's (NASDAQ:MSFT) recent wins on the shareholder rewards front. MSFT just announced that it plans on increasing its payout by 11% and is conducting a whopping $40 billion buyback program.When you add this huge increase to its payout, Microsoft quickly becomes one of the best dividend stocks ever. In fact, MSFT raises its quarterly dividend every year since it began paying one in 2004. And MSFT isn't alone when it comes to tech-sector dividend stocks.Like Mr. Softy, there are countless others that have become cash flow and profit machines. With service revenues driving the show, margins in the sector have never been higher. This has only filled tech stocks coffers to the brim. With so much cash now overflowing their balance sheets, they can't help but return it. In turn, the sector has become fertile ground for finding dividend stocks. And while initial yields may not be as high as utilities or consumer staples names, the sector can't be beaten when it comes to dividend growth. MSFT's big quarterly jump is a testament to that.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains Which tech stocks are rewarding their shareholders just like Microsoft? Here are five dividend stocks to consider in the sector. Microchip Technology (MCHP)Dividend Yield: 1.62%You may not realize it, but your coffee pot and the most complex supercomputer do have something in common with each other. They both are able to operate courtesy of semiconductors. Given that the modern world runs on this important backbone, the semiconductor sector has long been a great place to comb for tech dividend stocks. And one of the best and earliest payers in the sector could be Microchip Technology (NASDAQ:MCHP).MCHP produces what are known as analog and microcontroller semiconductors. Truth be told, there's nothing too special about analog chips. But if it wasn't for these boring chips, modern society wouldn't function. But boring is beautiful when it comes to dividends and cash flows.As the world continues to modernize and lean on technology, demand for analog chips of all kinds have grown. That has benefited Microchip's bottom line in a big way. Year-over-year sales clocked in 9.1% higher last quarter and over the longer term, MCHP has seen profitability for 114 consecutive quarters. That's pretty much unheard of in the semiconductor sector which tends to have wild swings in profits and losses.That sort of consistency has made MCHP a dividend stalwart among tech stocks. Since its initial payout in 2002, Microchip has managed to grow its dividend by 1725%.More could be in store for investors as well. Thanks to some smart acquisitions, MCHP has started to pivot into more advanced semiconductors. Chips like automotive power units, battery and green technologies and networking semis all come with bigger margins. These could help boost its 1.62% yield much further. Garmin (GRMN)Dividend Yield: 2.72%A few years ago, Garmin (NASDAQ:GRMN) was knocking on heaven's door. Not really, but that was the perception. Thanks to the rise of smartphones, Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Maps and other GPS applications, GRMN's perceived main bread-and-butter in automotive navigation was dying a quick death. However, the reality is that GRMN is much more than a GPS.The firm makes a host of marine and aviation GPS navigation equipment that is the standard for many end-users. This includes consumers and industrial applications. Meanwhile, its line of wearable devices has also become one of the standard brands for serious athletes and runners. The truth is, Garmin continues to succeed in these other markets -- with the proof in the pudding. With revenues jumping 7% overall and aviation, marine, fitness and outdoor sales growing by 12% last quarter, management at GRMN have been able to raise its annual guidance for fourth consecutive year in a row.The best part is that profits at Garmin continue to jump as these divisions come with higher profit margins. A recent pivot to include more services and reoccurring revenues hasn't hurt either. * 7 High-Yield Dividend Stocks Set for Growth This has allowed Garmin to generate plenty of free cash flows. After holding onto that extra cash for a bit in order to reinvest and overcome its auto woes, GRMN is back on the dividend growth front. It never actually cut its payout, it just held it steady for a bit. With a 2.72% yield and new product launches coming down the line, GRMN stock makes a compelling stock for dividend seekers. OpenText (OTEX)Dividend Yield: 1.70%Because it's excluded from many international indexes, most ignore our neighbors in the Great White North. But Canada has long been a great place to find technology firms and dividend stocks. Take OpenText (NASDAQ:OTEX), for example.The firm has been around for more than a decade and provides enterprise information management software and solutions. Basically, it's digging into a firm's data and coming up with insights into that information. Companies can use this in a variety of ways to make decisions, design new products, cut costs, etc.The win is that OTEX's platform is able to mine all varieties of data together -- from HR and CRM to security and supply chain metrics. And thanks to the birth of cloud computing, OTEX's services continue to be in hot demand.The firm counts more than 74,000 customers -- both big and small. And those customers continue to drive new revenues into OpenText's coffers. Overall sales jumped by 3.8% last quarter. The real star was cloud computing revenues, gaining 10.2%. OTEX itself has started to offer plenty of cloud solutions for its own products. Because of this and the popularity of its products, in just five years annual recurring revenues have doubled.What all of this has done is make OTEX stock a cash flow and dividend machine. Since in initiating a steady payout in 2015, OpenText has managed to grow its dividend by nearly 150%. This makes the Canadian firm a powerful dividend stock in the tech sector. Digital Realty Trust (DLR)Dividend Yield: 3.38%Since it's a real estate investment trust (REIT), having Digital Realty Trust (NYSE:DLR) on a list of tech dividend stocks may seem out of place. That is until you realize what kind of REIT DLR is. The firm owns and operates data center locations.It doesn't matter the technology trend -- cloud computing, mobile commerce, big data, etc. -- all require massive computing systems and storage. The problem is that it is awfully cost-prohibitive to buy all the necessary hardware and the specialized buildings this can require. This is where data center specialists like Digital Realty come in. DLR currently owns more than 210 of these locations across the world. Top tech firms like Facebook (NASDAQ:FB) and Uber (NASDAQ:UBER) basically rent space inside its specialized buildings to store their computers and server equipment.It turns out this is a very profitable niche to be in. As tech has grown, so has DLR's cash flows. Since its founding in 2005, Digital Realty has had its core funds from operations (FFO) grow by 13% per year. And as a REIT, that rising FFO number directly translates into higher dividends. DLR has managed to grow its payout every year for the last four years straight. * 7 Stocks to Buy Under $10 More growth could be on the way. DLR continues to buyout smaller and larger rivals as well as construct new data centers. However, even this isn't enough satiate demand. That means there could many years of dividend increases still to go from this tech stock. Broadcom (AVGO)Dividend Yield: 3.84%Source: Sasima / Shutterstock.com Talk about a transition. Looking at Broadcom's (NASDAQ:AVGO) history of buyouts, spin-offs, and mergers is enough to make your head spin. This continues with its last two major deals: its acquisition of CA Technologies and its recent buyout proposal of security firm Symantec (NASDAQ:SYMC).But the focus is the same and that's "connecting everything." Today, AVGO is a provider of both semiconductors and infrastructure software products. Its collection of products puts it right in the crosshairs of some big trends -- this includes data center networking, home connectivity, smartphones, factory automation, broadband access, you name it. AVGO is able to provide the hardware to connect devices, dig into that connection and manage data with its CA software. If the buyout goes through, it can also protect those connections with SYMC.It's really becoming an all-in-one shop for other tech firms looking to build their own networks and products.The key to all of this comes to down to licensing. While chips drive sales, both CA and SYMC have huge backlogs of steady reoccurring revenues. The integration of CA has helped Broadcom boost its bottom line as well as margins. SYMC should do the same.Because of this and overall strong profit growth, AVGO has continued to share the wealth with shareholders. Since offering an interim dividend in 2010, Broadcom has managed to grow its payout significantly. Today, the tech stock yields 3.84%, but with the addition of SYMC, that payout should grow further down the road.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cloud Stocks to Invest in the Future * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains * 7 Cheap Stocks That Ought to Consider a Sale The post 5 Tech Dividend Stocks to Buy That Arenat Microsoft appeared first on InvestorPlace.
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Despite concerns that problematic inventory levels as well as flaring trade tensions would weigh down the semiconductor industry, the sector has still been able to grow with the VanEck Semiconductor ETF up 40% year-to-date. Adding to the good news for investors, one of the best-performing analysts believes that several catalysts could drive even more gains for semiconductor stocks. “Our prevailing takeaway is that the multi-quarter inventory correction, which started in earnest in July 2018, is largely over and inventory levels have bottomed. Despite the near-term macroeconomic volatility, we believe there will be a number of catalysts in 2020 that will have a positive impact the semiconductor industry,” Needham’s Rajvindra Gill wrote in a note to clients on September 11. Bearing this in mind, we used the TipRanks Stock Comparison tool to take a closer look at how a few of the stocks in this space stack up against each other. Our comparison was based not only on yearly gain, but also analyst consensus and average analyst price target. Here’s what we found out. Micron Technology Inc. Despite widespread volatility throughout the semiconductor space, shares of memory chip provider Micron (MU\- Get Report) have climbed 59% year-to-date, the highest out of the stocks on the list. Based on the improved outlook for the sector, even more gains could be on the way.According to Gill, the primary catalyst expected to drive growth for MU is an improvement in the memory cycle. Recently, MU experienced issues related to weaker DRAM and NAND demand and pricing as a result of higher inventories. DRAM, dynamic random-access memory, is used in desktop computers and servers, while NAND is flash memory that’s typically found in smartphones and solid-state hard drives. It should be noted that Needham’s research suggests that while NAND and DRAM supply levels remain higher than normal, the memory cycle is improving. Additionally, while price declines are slowing down, the deceleration hasn’t bottomed out with a normal supply and demand balance mostly likely expected through the first half of 2020. That being said, investors can expect a turnaround in 2020 thanks to several demand catalysts such as normalized hyperscaler spending, specifically at Microsoft (MSFT) and Amazon Web Services (AMZN), with the most notable driver being 5G. 5G smartphones represent a major upgrade cycle in 2020. According to Gill, the amount of 5G smartphones could reach 120 million to 140 million units at the mid-point in 2020. With every original equipment manufacturer (OEM) looking to get in on the trend, 5G creates several growth opportunities for MU. While some investors have expressed concerns regarding MU’s dependence on Huawei, Gill believes MU has “de-risked” its exposure going into Q3. As a result of all of the above factors, the five-star analyst kept his Buy rating and $50 price target.All in all, the Street takes a cautiously optimistic stance on MU. With 14 Buy ratings vs 5 Holds and 2 Sells assigned in the last three months, MU is a ‘Moderate Buy’. It has an average price target of $51, suggesting 0.04% upside. The low upside potential makes sense given the fact that share prices have soared year-to-date. Skyworks Solutions, Inc. Skyworks (SWKS\- Get Report) designs semiconductors for cellular infrastructure as well as for radio frequency applications. With shares already up 23% year-to-date, Gill has high hopes for SWKS thanks to 5G.Similar to MU, Skyworks is expected to get a significant boost in 2020 with the 5G smartphone rollout. The fact that the minimum requirement for every 5G phone is 6GB of DRAM bodes well for the company. However, Gill points out that 5G infrastructure could be an even bigger driver of growth.In order to make 5G a reality, mobile broad brand will need to be upgraded in order to enable higher data transmissions for portable devices. Networks also require very low latency as well as smart manufacturing. Telecommunication providers have ramped up efforts to get ready for 5G, with this especially apparent in China. In 2019, three major Chinese mobile operators increased their year-end base station deployments. Adding to the good news, 5G licenses were approved in June, earlier than previously expected. As a result, China bumped up its 5G base station deployments for 2020, with its overall target now at 500,000. “As operators are aggressively expanding the power supplies to meet requirements (5x increase in MOSFET usage in 5G radios and the expected 3-5x increase in the number of 5G base stations compared to those in 4G), SWKS stands to reap the benefits,” Gill noted. He adds that investors should take comfort in that fact that the company has also reduced its Huawei exposure. As a result, the Needham analyst maintained his Buy rating and $95 price target. He tells investors that SWKS could see a 16% gain in the next twelve months.The word on the Street is more mixed. 6 Buy ratings and 7 Holds received in the last three months add up to a ‘Moderate Buy’ analyst consensus. Its $87 average price target indicates 6% upside potential. Microchip Technology Inc. The last semiconductor stock on our list develops chips for many applications including displays, computing, wireless connectivity as well as several others. Despite being the target of recent negative media attention, Microchip (MCHP\- Get Report) could see its 32% year-to-date gain surge even more. Investors were not happy to learn on September 3 that the company maintained its lackluster guidance for second quarter fiscal 2020. Management stated that as a result of the U.S.-China trade war, it expects to see quarterly revenue fall between $1.323 billion and $1.375 billion. This was incredibly disappointing as it represents zero to 4% growth.That being said, Gill believes a turnaround could be on the way as shares are trading at a multi-year P/E discount based on its computer vision products and advanced driver-assistance systems (ADAS). The organic light-emitting diode (OLED) market could see a major investment cycle in the next two to three years. While OLED does cost about 5% to 10% more than LCD displays and takes slightly longer to manufacture, these costs are expected to narrow very soon.The flexibility of OLED displays makes the technology especially useful in touch IC applications. Based on this, Gill believes OLED will take over the industry which is good news for MCHP. “We think OLED will account for over 50% of the smartphone market. Our conversations point to rapid OLED adoption at the major OEMs and expanding OLED formats (flexible, rigid and foldable) across the high-end and mid-range portfolio,” he explained. As a result, Gill maintained his Buy rating and $100 price target on MCHP. He is confident that shares have the potential to gain 5% in the next twelve months. The rest of Wall Street mirrors the analyst’s sentiment. MCHP boasts a ‘Strong Buy’ analyst consensus as well as a $108 average price target, suggesting 14% upside potential, beating out both MU and SWKS in terms of each of these factors. Find Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
Microchip Tech (MCHP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Chipmaker stocks, as measured by the Philadelphia Semiconductor Index (SOX), have been in turmoil recently. After reaching a 52-week high on July 25, 2019, the SOX plummeted by 13.1% to hit a recent intraday trading low just 11 days later on Aug. 5. The SOX has since recovered, closing 6.5% below that 52-week high on Sept. 4, but trade conflicts and slowing economic growth continue to cloud the outlook for the industry.
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.
Microchip says it still expects quarterly net sales of between $1.323 billion and $1.375 billion, ranging from no growth to a 4% increase.
CHANDLER, Ariz., Sept. 03, 2019 -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading semiconductor supplier of smart, connected and secure embedded control.
CHANDLER, Ariz., Sept. 03, 2019 (GLOBE NEWSWIRE) -- (MCHP) – Microchip Technology Incorporated, a leading semiconductor supplier of smart, connected and secure embedded control solutions, today reaffirmed its financial guidance provided in its August 6, 2019 earnings press release and currently expects net sales of between $1.323 billion and $1.375 billion, or flat to up 4% sequentially, GAAP earnings per diluted share of $0.13 to $0.23, and non-GAAP earnings per diluted share of $1.37 to $1.49 for the September 2019 quarter. There will be no conference call associated with this press release. Microchip is presenting at the Citi 2019 Global Technology Conference tomorrow, Wednesday, September 4, 2019 at 2:10 p.m. (Eastern). A live webcast and replay of this presentation will be available at www.microchip.com.
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CHANDLER, Ariz., Aug. 29, 2019 -- USB Type-C has become increasingly popular, and with the introduction of Power Delivery (PD), it is now possible to charge more types of.
Readers hoping to buy Microchip Technology Incorporated (NASDAQ:MCHP) for its dividend will need to make their move...
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)
CHANDLER, Ariz., Aug. 08, 2019 -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading semiconductor supplier of smart, connected and secure embedded control.
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 ...