Currently, there are 537.01M common shares owned by the public and among those 525.59M shares have been available to trade.
The company’s stock has a 5-day price change of -7.38% and -27.97% over the past three months. MCHP shares are trading -38.45% year to date (YTD), with the 12-month market performance down to -37.31% lower. It has a 12-month low price of $55.90 and touched a high of $100.57 over the same period. MCHP has an average intraday trading volume of 6.95 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 -11.01%, -19.13%, and -32.44% respectively.
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Institutional ownership of Microchip Technology, Inc (NASDAQ: MCHP) shares accounts for 94.53% of the company’s 537.01M shares outstanding.
It has a market capitalization of $29.55B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 38.71, while the earnings-per-share (ttm) stands at $1.43. The company has a PEG of 1.63 and a Quick Ratio of 0.48 with the debt-to-equity ratio at 1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.83% over the week and 4.05% over the month.
Analysts forecast that Microchip Technology, Inc (MCHP) will achieve an EPS of 0.29 for the current quarter, 0.32 for the next quarter and 2.56 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.25 while analysts give the company a high EPS estimate of 0.25. Comparatively, EPS for the current quarter was 1.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -67.48%, and 51.43% over the next financial year. EPS should shrink at an annualized rate of 23.80% over the next five years, compared to 37.42% over the past 5-year period.
Looking at the support for the MCHP, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on December 16, 2024, with the firm’s price target at $80-$65. TD Cowen coverage for the Microchip Technology, Inc (MCHP) stock in a research note released on November 06, 2024 offered a Hold rating with a price target of $70. Truist was of a view on September 23, 2024 that the stock is Hold, while Piper Sandler gave the stock Overweight rating on August 16, 2024, issuing a price target of $90- $100. TD Cowen on their part issued Hold rating on August 02, 2024.
