Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Microchip Technology, Inc (NASDAQ: MCHP) closed the day trading at $65.39 down -7.00% from the previous closing price of $70.31. In other words, the price has decreased by -$7.00 from its previous closing price. On the day, 10.7 million shares were traded. MCHP stock price reached its highest trading level at $69.71 during the session, while it also had its lowest trading level at $65.24.
Ratios:
For a better understanding of MCHP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 122.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 1.03 whereas as Long-Term Debt/Eq ratio is at 0.71.
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 this company, TD Cowen on November 06, 2024, Reiterated its Hold rating but revised its target price to $70 from $80 previously.
On September 23, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $89 to $80.
Piper Sandler Upgraded its Neutral to Overweight on August 16, 2024, whereas the target price for the stock was revised from $90 to $100.
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 Nov 25 ’24 when Bjornholt James Eric sold 4,688 shares for $67.75 per share. The transaction valued at 317,612 led to the insider holds 33,272 shares of the business.
Bjornholt James Eric bought 4,688 shares of MCHP for $317,121 on Nov 25 ’24. On Aug 23 ’24, another insider, Bjornholt James Eric, who serves as the Senior VP and CFO of the company, sold 2,154 shares for $81.50 each. As a result, the insider received 175,551 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 35115081728 and an Enterprise Value of 41286598656. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.60, and their Forward P/E ratio for the next fiscal year is 26.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.39 while its Price-to-Book (P/B) ratio in mrq is 5.60. Its current Enterprise Value per Revenue stands at 7.511 whereas that against EBITDA is 21.164.
Stock Price History:
Over the past 52 weeks, MCHP has reached a high of $100.57, while it has fallen to a 52-week low of $62.62. The 50-Day Moving Average of the stock is -11.06%, while the 200-Day Moving Average is calculated to be -22.01%.
Shares Statistics:
Over the past 3-months, MCHP traded about 6.32M shares per day on average, while over the past 10 days, MCHP traded about 7656640 shares per day. A total of 537.01M shares are outstanding, with a floating share count of 525.57M. Shares short for MCHP as of 1731628800 were 30766219 with a Short Ratio of 4.87, compared to 1728950400 on 27150777. Therefore, it implies a Short% of Shares Outstanding of 30766219 and a Short% of Float of 6.7.
Dividends & Splits
MCHP’s forward annual dividend rate is 1.81, up from 1.795 a year ago. Against a Trailing Annual Dividend Yield of 0.025529796The stock’s 5-year Average Dividend Yield is 1.54.
