During the last session, Microchip Technology, Inc (NASDAQ:MCHP)’s traded shares were 8.29 million, with the beta value of the company hitting 1.47. At the end of the trading day, the stock’s price was $57.46, reflecting an intraday loss of -2.08% or -$1.22. The 52-week high for the MCHP share is $98.99, that puts it down -72.28 from that peak though still a striking 40.62% gain since the share price plummeted to a 52-week low of $34.12. The company’s market capitalization is $30.99B, and the average trade volume was 12.25 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 1.62. 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 0.22.
Microchip Technology, Inc (NASDAQ:MCHP) trade information
Microchip Technology, Inc (MCHP) registered a -2.08% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.08% in intraday trading to $57.46, hitting a weekly high. The stock’s 5-day price performance is -5.49%, and it has moved by 22.23% in 30 days. Based on these gigs, the overall price performance for the year is -41.45%.
The consensus price target of analysts on Wall Street is $63, which implies an increase of 8.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $43 and $90 respectively. As a result, MCHP is trading at a discount of -56.63% off the target high and 25.17% off the low.
Microchip Technology, Inc (MCHP) estimates and forecasts
In the rating firms’ projections, revenue will increase 3.45% 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 1.05B as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 1.11B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.24B and 1.16B respectively. In this case, analysts expect current quarter sales to shrink by -15.62% and then drop by -4.53% in the coming quarter.
While earnings are projected to return 3.99% in 2025, the next five years will return 34.64% per annum.
MCHP Dividends
Microchip Technology, Inc is due to release its next quarterly earnings in June. 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 3.17 percent, continuing the trend of increasing dividends in recent years.
Microchip Technology, Inc (NASDAQ:MCHP)’s Major holders
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.
Also, the Mutual Funds coming in first place with the largest holdings of Microchip Technology, Inc (MCHP) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 16.81 shares. This amounts to just over 3.12 percent of the company’s overall shares, with a $966.11 million market value. The same data shows that the other fund manager holds slightly less at 14.54, or about 2.70% of the stock, which is worth about $835.46 million.
