During the last session, Microchip Technology, Inc (NASDAQ:MCHP)’s traded shares were 14.56 million, with the beta value of the company hitting 1.45. At the end of the trading day, the stock’s price was $37.95, reflecting an intraday loss of -2.01% or -$0.78. The 52-week high for the MCHP share is $100.57, that puts it down -165.01 from that peak though still a striking 10.09% gain since the share price plummeted to a 52-week low of $34.12. The company’s market capitalization is $20.41B, and the average intraday trading volume over the past 10 days was 20.38 million shares, and the average trade volume was 12.01 million shares over the past three months.
Microchip Technology, Inc (MCHP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.73. MCHP has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
Microchip Technology, Inc (NASDAQ:MCHP) trade information
Microchip Technology, Inc (MCHP) registered a -2.01% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.01% in intraday trading to $37.95, hitting a weekly high. The stock’s 5-day price performance is -15.48%, and it has moved by -29.98% in 30 days. Based on these gigs, the overall price performance for the year is -55.72%. The short interest in Microchip Technology, Inc (NASDAQ:MCHP) is 31.24 million shares and it means that shorts have 2.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $85, which implies an increase of 55.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $58 and $95 respectively. As a result, MCHP is trading at a discount of -150.33% off the target high and -52.83% off the low.
Microchip Technology, Inc (MCHP) estimates and forecasts
In the rating firms’ projections, revenue will decrease -42.31% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 960.76M as predicted by 19 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to 994.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.33B and 1.24B respectively. In this case, analysts expect current quarter sales to shrink by -27.53% and then drop by -19.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 37.42%. While earnings are projected to return -73.62% in 2025, the next five years will return -20.13% per annum.
MCHP Dividends
Microchip Technology, Inc is due to release its next quarterly earnings on 2025-Feb-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Microchip Technology, Inc is 1.82, with the dividend yield indicating at 4.79 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.65%.
Microchip Technology, Inc (NASDAQ:MCHP)’s Major holders
Microchip Technology, Inc insiders own 2.10% of total outstanding shares while institutional holders control 99.29%, with the float percentage being 101.43%. VANGUARD GROUP INC is the largest shareholder of the company, while 1537.0 institutions own stock in it. As of 2024-06-30, the company held over 68.03 million shares (or 12.6231% of all shares), a total value of $6.22 billion in shares.
The next largest institutional holding, with 45.69 million shares, is of BLACKROCK INC.’s that is approximately 8.513% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.18 billion.
