Currently, there are 545.46M common shares owned by the public and among those 529.00M shares have been available to trade.
The company’s stock has a 5-day price change of 11.55% and 6.82% over the past three months. MCHP shares are trading 3.33% year to date (YTD), with the 12-month market performance up to 29.78% higher. It has a 12-month low price of $68.75 and touched a high of $94.63 over the same period. MCHP has an average intraday trading volume of 5.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.35%, 6.98%, and 10.97% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Microchip Technology, Inc. (NASDAQ: MCHP) shares accounts for 92.53% of the company’s 545.46M shares outstanding.
It has a market capitalization of $50.35B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 21.77, while the earnings-per-share (ttm) stands at $4.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 2.73% 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 $3.14 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 -38.56% over the next financial year. EPS should shrink at an annualized rate of -6.30% 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. Evercore ISI stated their Outperform rating for the stock in a research note on April 16, 2024, with the firm’s price target at $106. TD Cowen coverage for the Microchip Technology, Inc. (MCHP) stock in a research note released on February 02, 2024 offered a Market Perform rating with a price target of $80. Wolfe Research was of a view on January 18, 2024 that the stock is Outperform, while Piper Sandler gave the stock Neutral rating on January 04, 2024, issuing a price target of $80. Citigroup on their part issued Buy rating on November 08, 2023.
