Currently, there are 545.46M common shares owned by the public and among those 529.00M shares have been available to trade.
Insiders at the company have transacted a total of 89 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 298,580 shares. Insider sales of the common stock occurred on 43 occasions, with total insider shares sold totaling 130,528 shares.
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However, the script later moved the day high at 82.06, down -3.91%. The company’s stock has a 5-day price change of -3.10% and 4.01% over the past three months. MCHP shares are trading -10.55% year to date (YTD), with the 12-month market performance down to -2.34% lower. It has a 12-month low price of $68.75 and touched a high of $94.30 over the same period. MCHP has an average intraday trading volume of 1.55 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.63%, -7.35%, and -1.90% respectively.
Institutional ownership of Microchip Technology, Inc. (NASDAQ: MCHP) shares accounts for 93.31% of the company’s 545.46M shares outstanding.
It has a market capitalization of $43.59B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 18.85, while the earnings-per-share (ttm) stands at $4.28. The company has a PEG of 1.56 and a Quick Ratio of 0.58 with the debt-to-equity ratio at 0.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.33% over the week and 2.58% over the month.
Analysts forecast that Microchip Technology, Inc. (MCHP) will achieve an EPS of $0.57 for the current quarter, $0.58 for the next quarter and $3.05 for 2025. The lowest estimate earnings-per-share for the quarter is $0.57 while analysts give the company a high EPS estimate of $0.61. Comparatively, EPS for the current quarter was $1.64 a year ago. Earnings per share for the fiscal year are expected to decrease by -18.15%, and -38.26% over the next financial year. EPS should shrink at an annualized rate of 12.10% over the next five years, compared to 50.79% over the past 5-year period.
Looking at the support for the MCHP, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on February 02, 2024, with the firm’s price target at $75-$80.
