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In the latest session, Microchip Technology, Inc. (NASDAQ: MCHP) closed at $89.71 down -3.66% from its previous closing price of $93.12. In other words, the price has decreased by -$3.66 from its previous closing price. On the day, 6.73 million shares were traded. MCHP stock price reached its highest trading level at $91.77 during the session, while it also had its lowest trading level at $89.6.
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 150.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.46. 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, Morgan Stanley on July 11, 2024, Downgraded its rating to Equal-Weight and sets its target price to $100 from $102 previously.
On May 24, 2024, Mizuho Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $85 to $115.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $115.Jefferies initiated its Buy rating on May 13, 2024, with a $115 target price.
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 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 49959317504 and an Enterprise Value of 54005444608. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.83, and their Forward P/E ratio for the next fiscal year is 20.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.30 while its Price-to-Book (P/B) ratio in mrq is 7.23. Its current Enterprise Value per Revenue stands at 7.074 whereas that against EBITDA is 15.707.
Stock Price History:
The Beta on a monthly basis for MCHP is 1.54, which has changed by 0.015623212 over the last 52 weeks, in comparison to a change of 0.21656322 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 -3.91%, while the 200-Day Moving Average is calculated to be 3.21%.
Shares Statistics:
For the past three months, MCHP has traded an average of 5.97M shares per day and 6000420 over the past ten days. A total of 536.66M shares are outstanding, with a floating share count of 525.25M. Insiders hold about 2.10% of the company’s shares, while institutions hold 93.95% stake in the company. Shares short for MCHP as of 1719532800 were 25960370 with a Short Ratio of 4.35, compared to 1717113600 on 26912925. Therefore, it implies a Short% of Shares Outstanding of 25960370 and a Short% of Float of 5.6599997.
Dividends & Splits
According to the company, the forward annual dividend rate for MCHP is 1.75, from 1.682 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018062714The stock’s 5-year Average Dividend Yield is 1.48. 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.
