93.60
1.51%
+1.39
After Hours:
93.45
-0.15
-0.16%
Microchip Technology, Inc. stock is currently priced at $93.60, with a 24-hour trading volume of 5.55M.
It has seen a +1.51% increased in the last 24 hours and a +8.53% rose in the past month.
The chart indicates a potential bullish trend, as the stock is above the $91.51 pivot point. If it approaches the $94.18 resistance level, significant changes may occur.
Previous Close:
$92.21
Open:
$91.46
24h Volume:
5.55M
Market Cap:
$50.58B
Revenue:
$8.54B
Net Income/Loss:
$2.36B
P/E Ratio:
20.57
EPS:
4.55
Net Cash Flow:
$2.81B
1W Performance:
+14.59%
1M Performance:
+8.53%
6M Performance:
+28.64%
1Y Performance:
+26.30%
Microchip Technology, Inc. Stock (MCHP) Company Profile
Name
Microchip Technology, Inc.
Sector
Industry
Phone
480-792-7200
Address
2355 West Chandler Boulevard, Chandler, AZ
Microchip Technology, Inc. Stock (MCHP) Upgrades & Downgrades
Date | Action | Analyst | Rating Change |
---|---|---|---|
Feb-02-24 | Reiterated | TD Cowen | Market Perform |
Jan-18-24 | Upgrade | Wolfe Research | Peer Perform → Outperform |
Jan-04-24 | Downgrade | Piper Sandler | Overweight → Neutral |
Nov-08-23 | Upgrade | Citigroup | Neutral → Buy |
Jul-20-23 | Initiated | Wolfe Research | Peer Perform |
Jul-14-23 | Reiterated | Truist | Buy |
May-05-23 | Reiterated | TD Cowen | Market Perform |
Nov-16-22 | Initiated | Credit Suisse | Neutral |
Jun-28-22 | Upgrade | Stifel | Hold → Buy |
Mar-28-22 | Downgrade | Goldman | Buy → Neutral |
Feb-04-22 | Reiterated | B. Riley Securities | Buy |
Feb-04-22 | Reiterated | BofA Securities | Buy |
Feb-04-22 | Reiterated | Citigroup | Neutral |
Feb-04-22 | Reiterated | JP Morgan | Overweight |
Feb-04-22 | Reiterated | Mizuho | Neutral |
Feb-04-22 | Reiterated | Stifel | Hold |
Feb-04-22 | Reiterated | UBS | Buy |
Feb-04-22 | Reiterated | Wells Fargo | Equal Weight |
Jan-31-22 | Upgrade | UBS | Neutral → Buy |
Oct-14-21 | Initiated | Stifel | Hold |
Oct-13-21 | Initiated | UBS | Neutral |
Sep-28-21 | Downgrade | Wells Fargo | Overweight → Equal Weight |
Sep-17-21 | Reiterated | BofA Securities | Buy |
Aug-02-21 | Resumed | Morgan Stanley | Overweight |
Jul-15-21 | Downgrade | Mizuho | Buy → Neutral |
Mar-23-21 | Upgrade | Longbow | Neutral → Buy |
Feb-03-21 | Downgrade | Vertical Research | Buy → Hold |
Nov-06-20 | Reiterated | B. Riley Securities | Buy |
Nov-06-20 | Downgrade | Citigroup | Buy → Neutral |
Nov-06-20 | Reiterated | Cowen | Market Perform |
Oct-19-20 | Upgrade | Morgan Stanley | Equal-Weight → Overweight |
Aug-05-20 | Reiterated | Cowen | Market Perform |
Jun-19-20 | Initiated | Loop Capital | Buy |
Jun-16-20 | Reiterated | Morgan Stanley | Equal-Weight |
Jun-03-20 | Upgrade | B. Riley FBR | Neutral → Buy |
Jun-03-20 | Reiterated | Citigroup | Buy |
Jun-03-20 | Reiterated | Jefferies | Buy |
Jun-03-20 | Reiterated | Needham | Buy |
Jun-03-20 | Reiterated | Piper Sandler | Overweight |
Jun-03-20 | Reiterated | Raymond James | Strong Buy |
Mar-19-20 | Downgrade | B. Riley FBR | Buy → Neutral |
Jan-10-20 | Upgrade | BofA/Merrill | Neutral → Buy |
Jan-08-20 | Reiterated | Cowen | Market Perform |
Nov-06-19 | Reiterated | Cowen | Market Perform |
Oct-30-19 | Upgrade | Raymond James | Mkt Perform → Strong Buy |
Oct-01-19 | Upgrade | KeyBanc Capital Markets | Sector Weight → Overweight |
Jul-09-19 | Initiated | Longbow | Neutral |
View All
Microchip Technology, Inc. Stock (MCHP) Latest News
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Benzinga
Microchip (MCHP) Bolsters Edge AI With Neuronix Acquisition
Zacks Investment Research
Microchip Technology, Inc. Stock (MCHP) Financials Data
Microchip Technology, Inc. (MCHP) Revenue 2024
MCHP reported a revenue (TTM) of $8.54 billion for the quarter ending December 31, 2023, a +6.10% rise year-over-year.
Microchip Technology, Inc. (MCHP) Net Income 2024
MCHP net income (TTM) was $2.36 billion for the quarter ending December 31, 2023, a +13.74% increase year-over-year.
Microchip Technology, Inc. (MCHP) Cash Flow 2024
MCHP recorded a free cash flow (TTM) of $2.81 billion for the quarter ending December 31, 2023, a -11.25% decrease year-over-year.
Microchip Technology, Inc. (MCHP) Earnings per Share 2024
MCHP earnings per share (TTM) was $4.28 for the quarter ending December 31, 2023, a +15.99% growth year-over-year.
Microchip Technology, Inc. Stock (MCHP) Insider Trading
Insider Trading | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total |
---|---|---|---|---|---|---|---|
SANGHI STEVE | Executive Chair |
Mar 07 '24 |
Sale |
93.10 |
36,443 |
3,392,789 |
10,090,421 |
Johnson Karlton D | Director |
Mar 06 '24 |
Sale |
86.88 |
92 |
7,993 |
1,697 |
Bjornholt James Eric | Senior VP and CFO |
Feb 23 '24 |
Sale |
83.90 |
1,970 |
165,283 |
32,893 |
MOORTHY GANESH | President & CEO |
Feb 15 '24 |
Option Exercise |
82.51 |
12,238 |
1,009,757 |
793,553 |
SANGHI STEVE | Executive Chair |
Feb 15 '24 |
Option Exercise |
82.51 |
12,212 |
1,007,612 |
10,130,166 |
DREHOBL STEPHEN V | Senior VP, MCU8/MCU16 BU |
Feb 15 '24 |
Option Exercise |
82.51 |
4,710 |
388,622 |
92,342 |
Bjornholt James Eric | Senior VP and CFO |
Feb 15 '24 |
Option Exercise |
82.51 |
3,576 |
295,056 |
35,530 |
SIMONCIC RICHARD J | Exec VP, Analog/Intrfce BU |
Feb 15 '24 |
Option Exercise |
82.51 |
3,168 |
261,392 |
131,809 |
Johnson Karlton D | Director |
Feb 06 '24 |
Sale |
84.00 |
370 |
31,080 |
1,789 |
Bjornholt James Eric | Senior VP and CFO |
Nov 22 '23 |
Sale |
83.44 |
2,324 |
193,915 |
32,893 |
About Microchip Technology, Inc.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices. In addition, the company licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, and analog products that require embedded non-volatile memory, as well as provides engineering services. Further, it provides wafer foundry and assembly and test subcontracting manufacturing services; and application specific integrated circuits, complex programmable logic devices, and aerospace products. It serves automotive, communications, computing, consumer, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.
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