Microchip Technology, Inc (NASDAQ:MCHP)’s traded shares stood at 4.85 million during the latest session, with the company’s beta value hitting 1.41. At the last check today, the stock’s price was $40.26, to imply a decrease of -10.33% or -$4.64 in intraday trading. The MCHP share’s 52-week high remains $100.57, putting it -149.8% down since that peak but still an impressive 15.25% since price per share fell to its 52-week low of $34.12. The company has a valuation of $21.65B, with an average of 17.59 million shares in intraday trading volume over the past 10 days and average of 11.49 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Microchip Technology, Inc (MCHP), translating to a mean rating of 1.73. Of 14 analyst(s) looking at the stock, 0 analyst(s) give MCHP a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.1.
Microchip Technology, Inc (NASDAQ:MCHP) trade information
After registering a -10.33% downside in the latest session, Microchip Technology, Inc (MCHP) has traded red over the past five days. The 5-day price performance for the stock is -1.11%, and -22.43% over 30 days. With these gigs, the year-to-date price performance is -29.80%. Short interest in Microchip Technology, Inc (NASDAQ:MCHP) saw shorts transact 29.66 million shares and set a 2.62 days time to cover.
The extremes give us $58 and $95 for target low and target high price respectively. As such, MCHP has been trading -135.97% off suggested target high and -44.06% from its likely low.
Microchip Technology, Inc (MCHP) estimates and forecasts
The rating firms project that company’s revenue will shrink -42.42% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 962.72M. Meanwhile, for the current quarter, a total of 19 analyst(s) estimate revenue growth to 998.74M.Earnings reports from the last fiscal year show that sales brought in 1.33B and 1.24B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -27.39% before dropping -19.54% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 37.42% for the past 5-year period. While 2025 is set for a -73.62% return in earnings, projections for the next 5 years are at -20.13% annually.
MCHP Dividends
Microchip Technology, Inc has its next earnings report out on 2025-Feb-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Microchip Technology, Inc has a forward dividend ratio of 1.82, with the share yield ticking at 4.51% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.65%.
Microchip Technology, Inc (NASDAQ:MCHP)’s Major holders
Microchip Technology, Inc insiders hold 2.10% of total outstanding shares, with institutional holders owning 99.70% of the shares at 101.84% float percentage. In total, 99.70% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 68.03 million shares (or 12.6231% of shares), all amounting to roughly $6.22 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 45.69 million shares, or about 8.513% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.18 billion.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Microchip Technology, Inc (MCHP) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 16.81 shares. This is just over 3.13% of the total shares, with a market valuation of $668.51 million. Data from the same date shows that the other fund manager holds a little less at 14.54, or 2.70% of the shares, all valued at about 578.11 million.
