Microchip Technology Incorporated (MCHP)
- Previous Close
96.33 - Open
96.49 - Bid 90.80 x 100
- Ask 97.45 x 600
- Day's Range
93.77 - 97.40 - 52 Week Range
68.75 - 100.57 - Volume
7,409,641 - Avg. Volume
5,483,722 - Market Cap (intraday)
52.201B - Beta (5Y Monthly) 1.60
- PE Ratio (TTM)
27.94 - EPS (TTM)
3.48 - Earnings Date Aug 1, 2024 - Aug 5, 2024
- Forward Dividend & Yield 1.81 (1.86%)
- Ex-Dividend Date May 21, 2024
- 1y Target Est
100.72
Microchip Technology Incorporated engages in the development, manufacture, and sale of 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 mixed-signal 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 analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. The company was incorporated in 1989 and is headquartered in Chandler, Arizona.
www.microchip.comRecent News: MCHP
Performance Overview: MCHP
Trailing total returns as of 5/31/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: MCHP
Valuation Measures
Market Cap
52.20B
Enterprise Value
57.91B
Trailing P/E
27.94
Forward P/E
35.34
PEG Ratio (5yr expected)
3.92
Price/Sales (ttm)
6.98
Price/Book (mrq)
7.84
Enterprise Value/Revenue
7.59
Enterprise Value/EBITDA
16.85
Financial Highlights
Profitability and Income Statement
Profit Margin
24.98%
Return on Assets (ttm)
9.92%
Return on Equity (ttm)
28.96%
Revenue (ttm)
7.63B
Net Income Avi to Common (ttm)
1.91B
Diluted EPS (ttm)
3.48
Balance Sheet and Cash Flow
Total Cash (mrq)
319.7M
Total Debt/Equity (mrq)
92.54%
Levered Free Cash Flow (ttm)
2.23B
Research Analysis: MCHP
Company Insights: MCHP
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Research Reports: MCHP
Continued caution on weak end markets
Microchip Technology produces semiconductors used in a wide variety of embedded control applications. Products include 8-bit, 16-bit and 32-bit microcontrollers; a broad range of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, and wired and wireless connectivity devices; and memory devices including EEPROM, serial flash, parallel, and static random access memories (SRAM). Microchip has more than 2,800 microcontrollers in its product catalog, which are used in end products in the automotive, communications, computing, consumer, and industrial control markets.
RatingPrice TargetWith every earnings win reported on Wednesday, there seems to be an
With every earnings win reported on Wednesday, there seems to be an equal and opposite reaction in the form of an earnings disappointment. And with earnings the main source of investor optimism or caution today, it's little surprise that the major U.S. stock indices are flat. Over the course of the morning, the indices have played jump rope with their opening levels, landing on one side for a period of time only to land on the other side shortly thereafter. Still, after multiple days of gains, the financial press is viewing the lack of further share-price progress as worrisome, and it is not difficult to find the words 'stalled' and 'lost steam' used to label the stock market today. Geopolitics are not helping, as tension in the Middle East continues to roil that area and is the basis for domestic discontent as well, while U.S. relations with China remain strained after the U.S. revoked export licenses for Intel and Qualcomm to sell chips to China's Huawei, a maker of PCs and mobile phones. The Dow was up 0.2%, the S&P 500 fell 0.1% and the Nasdaq lost 0.3%. Crude oil is trading below $79 per barrel and gold is little changed at $2324 per ounce.
Microchip Earnings: Predictably Poor Near-Term Results but the Firm Is Turning the Corner
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
RatingPrice TargetThe Argus Innovation Model Portfolio
The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles to a large degree - have moved overseas, where labor and materials costs are lower. Yet the U.S. economy, even during the pandemic and the current period of high inflation, has expanded to record levels. If U.S. corporations weren't innovating, creating new products (such as vaccines and AI) and services (such as Zoom calls) and moving into new markets, the domestic economy would not be growing, and capital would not be flooding into the country. The current high level of the U.S. dollar relative to currencies around the world attests to the confidence that global investors have in the durable and innovative U.S. economy.