Balance Sheet Dive: Microchip Technology, Inc. (MCHP)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $93.45 in the prior trading day, Microchip Technology, Inc. (NASDAQ: MCHP) closed at $89.02, down -4.74%. In other words, the price has decreased by -$4.74 from its previous closing price. On the day, 8.46 million shares were traded. MCHP stock price reached its highest trading level at $92.77 during the session, while it also had its lowest trading level at $88.36.

Ratios:

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 149.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.77.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Mizuho on May 24, 2024, Upgraded its rating to Buy and sets its target price to $115 from $85 previously.

On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $115.

TD Cowen reiterated its Hold rating for the stock on May 07, 2024, while the target price for the stock was revised from $80 to $90.

Insider Transactions:

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 Jun 10 ’24 when CHAPMAN MATTHEW W sold 2,748 shares for $93.88 per share. The transaction valued at 257,982 led to the insider holds 35,682 shares of the business.

Johnson Karlton D sold 227 shares of MCHP for $22,019 on May 31 ’24. The Director now owns 1,470 shares after completing the transaction at $97.00 per share. On May 23 ’24, another insider, Bjornholt James Eric, who serves as the Senior VP and CFO of the company, sold 3,188 shares for $99.98 each. As a result, the insider received 318,736 and left with 33,257 shares of the company.

Valuation Measures:

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 50180485120 and an Enterprise Value of 53634990080. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.63, and their Forward P/E ratio for the next fiscal year is 20.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 7.18. Its current Enterprise Value per Revenue stands at 7.025 whereas that against EBITDA is 15.6.

Stock Price History:

The Beta on a monthly basis for MCHP is 1.54, which has changed by 0.08600712 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, MCHP has reached a high of $100.57, while it has fallen to a 52-week low of $68.75. The 50-Day Moving Average of the stock is -3.38%, while the 200-Day Moving Average is calculated to be 4.17%.

Shares Statistics:

The stock has traded on average 5.43M shares per day over the past 3-months and 5813290 shares per day over the last 10 days, according to various share statistics. A total of 536.66M shares are outstanding, with a floating share count of 525.62M. Insiders hold about 2.10% of the company’s shares, while institutions hold 94.01% stake in the company. Shares short for MCHP as of 1715731200 were 23764593 with a Short Ratio of 4.96, compared to 1713139200 on 24676277. Therefore, it implies a Short% of Shares Outstanding of 23764593 and a Short% of Float of 5.1799998.

Dividends & Splits

In the trailing 12 months, MCHP’s forward annual dividend rate was 1.682, compared to 1.75 this year. Against a Trailing Annual Dividend Yield of 0.01799893The stock’s 5-year Average Dividend Yield is 1.47. The current Payout Ratio is 48.34% for MCHP, which recently paid a dividend on 2024-05-21 with an ex-dividend date of 1716249600. Stock splits for the company last occurred on 2021-10-13 when the company split stock in a 2:1 ratio.

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