In the latest trading session,, 1.59 million Microchip Technology, Inc (NASDAQ:MCHP) shares changed hands as the company’s beta touched 1.50. With the company’s most recent per share price at $60.74 changed hands at -$0.47 or -0.77% at last look, the market valuation stands at $32.67B. MCHP’s current price is a discount, trading about -65.57% 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 43.83% up since then.
Analysts gave the Microchip Technology, Inc (MCHP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.65. 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 (NASDAQ:MCHP) trade information
Instantly MCHP was in red as seen in intraday trades today. With action -0.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 5.91%, with the 5-day performance at -0.36% in the red. However, in the 30-day time frame, Microchip Technology, Inc (NASDAQ:MCHP) is 57.52% up.
The consensus price target for the stock as assigned by Wall Street analysts is 63, meaning bulls need an upside of 3.59% from its recent market value. According to analyst projections, MCHP’s forecast low is 43 with 90 as the target high. To hit the forecast high, the stock’s price needs a -48.17% plunge from its current level, while the stock would need to tank 29.21% for it to hit the projected low.
The 2025 estimates are for Microchip Technology, Inc earnings to increase by 4.00%, but the outlook for the next 5-year period is at 34.64% per year.
MCHP Dividends
Microchip Technology, Inc is expected to release its next quarterly earnings report in June. The 2.99% annual yield figure for the share gives it an annual dividend of 1.82. It is important to note, however, that the 2.99% 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.
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 $1.02 billion under it, the former controlled 3.12% 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 $878.94 million.
