Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Microchip Technology, Inc (NASDAQ: MCHP) closed at $59.29 up 1.79% from its previous closing price of $58.25. In other words, the price has increased by $1.79 from its previous closing price. On the day, 8.67 million shares were traded. MCHP stock price reached its highest trading level at $59.575 during the session, while it also had its lowest trading level at $58.3.
Ratios:
For a deeper understanding of Microchip Technology, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 113.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.45. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 31839322112 and an Enterprise Value of 38010834944. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.35, and their Forward P/E ratio for the next fiscal year is 24.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.90 while its Price-to-Book (P/B) ratio in mrq is 5.07. Its current Enterprise Value per Revenue stands at 6.915 whereas that against EBITDA is 19.485.
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 $57.96. The 50-Day Moving Average of the stock is -18.14%, while the 200-Day Moving Average is calculated to be -28.98%.
Shares Statistics:
For the past three months, MCHP has traded an average of 6.62M shares per day and 9045280 over the past ten days. A total of 537.01M shares are outstanding, with a floating share count of 525.57M. Insiders hold about 2.13% of the company’s shares, while institutions hold 94.52% stake in the company. Shares short for MCHP as of 1731628800 were 30766219 with a Short Ratio of 4.65, 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
According to the company, the forward annual dividend rate for MCHP is 1.81, from 1.795 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03081545The stock’s 5-year Average Dividend Yield is 1.54.
