After finishing at $77.62 in the prior trading day, Microchip Technology Incorporated (NASDAQ: MCHP) closed at $73.62, down -5.15%. In other words, the price has decreased by -$4.00 from its previous closing price. On the day, 7793355 shares were traded. MCHP stock price reached its highest trading level at $75.50 during the session, while it also had its lowest trading level at $72.56.
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Our goal is to gain a better understanding of MCHP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 140.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 1.04.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 23 when Bjornholt James Eric sold 2,470 shares for $78.32 per share. The transaction valued at 193,450 led to the insider holds 32,004 shares of the business.
Bjornholt James Eric sold 2,777 shares of MCHP for $226,548 on Feb 23. The Senior VP and CFO now owns 30,582 shares after completing the transaction at $81.58 per share. On Feb 23, another insider, Johnson Karlton D, who serves as the Director of the company, sold 396 shares for $81.00 each. As a result, the insider received 32,076 and left with 973 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MCHP now has a Market Capitalization of 41.18B and an Enterprise Value of 47.39B. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.89, and their Forward P/E ratio for the next fiscal year is 11.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.04 while its Price-to-Book (P/B) ratio in mrq is 6.41. Its current Enterprise Value per Revenue stands at 5.62 whereas that against EBITDA is 12.53.
Stock Price History:
Over the past 52 weeks, MCHP has reached a high of $87.76, while it has fallen to a 52-week low of $54.33. The 50-Day Moving Average of the stock is 78.02, while the 200-Day Moving Average is calculated to be 73.33.
The stock has traded on average 4.60M shares per day over the past 3-months and 4.44M shares per day over the last 10 days, according to various share statistics. A total of 549.20M shares are outstanding, with a floating share count of 538.57M. Insiders hold about 2.09% of the company’s shares, while institutions hold 93.30% stake in the company. Shares short for MCHP as of Apr 27, 2023 were 18.9M with a Short Ratio of 18.90M, compared to 19.73M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.45% and a Short% of Float of 4.00%.
Dividends & Splits
In the trailing 12 months, MCHP’s forward annual dividend rate was 1.26, compared to 1.53 this year. Against a Trailing Annual Dividend Yield of 1.63%, it implies a Forward Annual Dividend Yield of 1.97%. The stock’s 5-year Average Dividend Yield is 1.46. The current Payout Ratio is 30.90% for MCHP, which recently paid a dividend on Jun 04, 2023 with an ex-dividend date of May 18, 2023. Stock splits for the company last occurred on May 08, 2002 when the company split stock in a 3:2 ratio.
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $1.64 for the current quarter, with a high estimate of $1.66 and a low estimate of $1.63, while EPS last year was $1.37. The consensus estimate for the next quarter is $1.62, with high estimates of $1.75 and low estimates of $1.4.
Analysts are recommending an EPS of between $6.96 and $5.66 for the fiscal current year, implying an average EPS of $6.31. EPS for the following year is $6.49, with 19 analysts recommending between $7.94 and $5.56.
18 analysts predict $2.29B in revenue for the current quarter. It ranges from a high estimate of $2.3B to a low estimate of $2.29B. As of the current estimate, Microchip Technology Incorporated’s year-ago sales were $1.96B, an estimated increase of 16.60% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $2.28B, an increase of 10.30% less than the figure of $16.60% in the same quarter last year. There is a high estimate of $2.33B for the next quarter, whereas the lowest estimate is $2.06B.
A total of 21 analysts have provided revenue estimates for MCHP’s current fiscal year. The highest revenue estimate was $9.37B, while the lowest revenue estimate was $8.15B, resulting in an average revenue estimate of $8.92B. In the same quarter a year ago, actual revenue was $8.44B, up 5.70% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $9.05B in the next fiscal year. The high estimate is $9.92B and the low estimate is $7.9B. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.