93.60
price up icon1.51%   +1.39
after-market  After Hours:  93.45  -0.15   -0.16%
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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%
1D Range:
Value
$91.46
$94.63
52W Range:
Value
$68.75
$94.63

Microchip Technology, Inc. Stock (MCHP) Company Profile

Name
Name
Microchip Technology, Inc.
Name
Phone
480-792-7200
Name
Address
2355 West Chandler Boulevard, Chandler, AZ
Name
Employee
14,234
Name
Twitter
@MicrochipTech
Name
Next Earnings Date
2024-05-06
Name
Latest SEC Filings
Name
MCHP's Discussions on Twitter

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) 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.
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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.
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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.
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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.
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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
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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Cap:     |  Volume (24h):