In the last trading session, 7.68 million Microchip Technology, Inc (NASDAQ:MCHP) shares changed hands as the company’s beta touched 1.40. With the company’s per share price at $46.89 changed hands at -$0.23 or -0.49% during last session, the market valuation stood at $25.22B. MCHP’s last price was a discount, traded about -114.48% off its 52-week high of $100.57. The share price had its 52-week low at $34.12, which suggests the last value was 27.23% up since then. When we look at Microchip Technology, Inc’s average trading volume, we note the 10-day average is 12.61 million shares, with the 3-month average coming to 12.56 million.
Analysts gave the Microchip Technology, Inc (MCHP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.73. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended MCHP as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Microchip Technology, Inc’s EPS for the current quarter is expected to be 0.1.
Microchip Technology, Inc (NASDAQ:MCHP) trade information
Instantly MCHP was in red as seen at the end of in last trading. With action 21.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -18.24%, with the 5-day performance at 21.60% in the green. However, in the 30-day time frame, Microchip Technology, Inc (NASDAQ:MCHP) is -10.12% down. Looking at the short shares, we see there were 33.54 million shares sold at short interest cover period of 2.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 85, meaning bulls need an upside of 44.84% from its current market value. According to analyst projections, MCHP’s forecast low is 43 with 95 as the target high. To hit the forecast high, the stock’s price needs a -102.6% plunge from its current level, while the stock would need to tank 8.3% for it to hit the projected low.
Microchip Technology, Inc (MCHP) estimates and forecasts
Year-over-year growth is forecast to reach -42.31% down from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 962.72M. 19 analysts are of the opinion that Microchip Technology, Inc’s revenue for the current quarter will be 988.1M. The company’s revenue for the corresponding quarters a year ago was 1.33B and 1.24B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -27.39%. The estimates for the next quarter sales put growth at -20.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 37.42%. The 2025 estimates are for Microchip Technology, Inc earnings to decrease by -73.61%, but the outlook for the next 5-year period is at -20.57% per year.
MCHP Dividends
Microchip Technology, Inc is expected to release its next quarterly earnings report on 2025-Feb-05. The 3.87% annual yield figure for the share gives it an annual dividend of 1.82. It is important to note, however, that the 3.87% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.65 per year.
Microchip Technology, Inc (NASDAQ:MCHP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.10% of Microchip Technology, Inc shares while 99.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 101.16%. There are 99.04% institutions holding the Microchip Technology, Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.6749% of the shares, roughly 68.03 million MCHP shares worth $6.22 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.513% or 45.69 million shares worth $4.18 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 16.81 shares estimated at $788.39 million under it, the former controlled 3.13% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.70% of the shares, roughly 14.54 shares worth around $681.78 million.
