In the last trading session, 9.21 million shares of the Microchip Technology, Inc (NASDAQ:MCHP) were traded, and its beta was 1.46. Most recently the company’s share price was $68.19, and it changed around $2.46 or 3.74% from the last close, which brings the market valuation of the company to $36.78B. MCHP currently trades at a discount to its 52-week high of $96.98, offering almost -42.22% off that amount. The share price’s 52-week low was $34.12, which indicates that the current value has risen by an impressive 49.96% since then.
Microchip Technology, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.69. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended MCHP as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Microchip Technology, Inc is expected to report earnings per share of 0.23 for the current quarter.
Microchip Technology, Inc (NASDAQ:MCHP) trade information
Instantly MCHP has showed a green trend with a performance of 3.74% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 71.01 on recent trading dayincreased the stock’s daily price by 3.97%. The company’s shares are currently up 18.90% year-to-date, but still up 0.21% over the last five days. On the other hand, Microchip Technology, Inc (NASDAQ:MCHP) is 12.15% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $63, which translates to bulls needing to decrease their stock price by -8.24% from its current value. Analyst projections state that MCHP is forecast to be at a low of $43 and a high of $83.
Microchip Technology, Inc (MCHP) estimates and forecasts
The year-over-year growth rate is expected to be 3.93%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 1.05B in revenue for the current quarter. 19 analysts expect Microchip Technology, Inc to make 1.12B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.24B and 1.16B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.21%. Forecasts for the next quarter put sales growth at -4.08%.
Microchip Technology, Inc earnings are expected to increase by 5.62% in 2025, but the outlook is positive 34.94% per year for the next five years.
MCHP Dividends
Microchip Technology, Inc’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 2.67 percent and its annual dividend per share was 1.82. It is important to note, however, that the 2.67% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
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