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Microchip Technology Inc MCHP Stock Quote

| Rating as of

NASDAQ: MCHP

Last close prices updated as of Jun 09, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 80.07
  • Sector Technology
  • Industry Semiconductors
  • Investment Style Mid Blend
  • Day Range 79.37  –  82.11
  • Year Range 54.33  –  87.00
  • Market Cap 43.6689 Bil
  • Volume / Avg 49.0 /  4.9 Mil
  • Price / Sales 5.29
  • Price / Book 6.70
  • Forward Div Yield 1.91%
  • Trailing Div Yield 1.71%

Morningstar‘s Stock Analysis MCHP

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Microchip Earnings: Likely To Weather Any Upcoming Slowdowns; Maintain $90 FVE

Brian Colello Sector Director

Analyst Note

| Brian Colello |

Wide-moat Microchip Technology reported solid fiscal fourth-quarter results and provided investors with a resilient forecast for the June quarter. We maintain our $90 fair value estimate and continue to view shares as undervalued. Shares sold off about 5% after hours, likely because inventory is building up and Microchip is rescheduling some customer orders to avoid even more inventory being stuffed into the supply chain. Even if an inventory correction were to occur, we consider Microchip to be particularly adept at navigating industry cycles, and we often find downturns to be attractive buying opportunities for patient investors with a long-term time horizon.

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Key Statistics MCHP

Company Profile MCHP

Business Description

Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

Contact
2355 West Chandler Boulevard
Chandler, AZ, 85224-6199
Industry Semiconductors
Employees 22,600

Related Articles MCHP

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of MCHP’s competitive advantage.

Microchip Technology Inc

XNAS: MCHP

Texas Instruments Inc

XNAS: TXN

STMicroelectronics NV

XPAR: STMPA

NXP Semiconductors NV

XNAS: NXPI
Price
80.07170.5944.72185.00
Currency
USDUSDEURUSD
Change
−$0.68 (0.84%) −$1.64 (0.95%) +$0.62 (1.41%) −$2.46 (1.31%)
Market Cap
43.67 Bil154.84 Bil40.28 Bil48.05 Bil
Industry
Semiconductors Semiconductors Semiconductors Semiconductors
Sector
Technology
Technology
Technology
Technology

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Microchip Technology Inc Stock

Yes. MCHP has a forward dividend yield of 1.91%. See MCHP’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

MCHP’s market cap is 43.67 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

MCHP’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MCHP’s price/sales is 5.29.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

MCHP’s price/forward earnings is 19.92.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

MCHP’s price/book is 6.71.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See MCHP’s valuation ratios compared to the Market Index.

MCHP’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MCHP’s historical performance against its industry peers and the overall market.