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Microchip Technology, Inc (NASDAQ: MCHP) closed the day trading at $69.88 down -4.10% from the previous closing price of $72.87. In other words, the price has decreased by -$4.10 from its previous closing price. On the day, 6.59 million shares were traded. MCHP stock price reached its highest trading level at $72.49 during the session, while it also had its lowest trading level at $68.995.
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 128.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.35. 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 Aug 23 ’24 when Bjornholt James Eric sold 2,154 shares for $81.50 per share. The transaction valued at 175,551 led to the insider holds 33,257 shares of the business.
Bjornholt James Eric bought 2,154 shares of MCHP for $175,412 on Aug 23 ’24. On Jun 10 ’24, another insider, CHAPMAN MATTHEW W, who serves as the Director of the company, sold 2,748 shares for $93.88 each. As a result, the insider received 257,982 and left with 35,682 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 37526257664 and an Enterprise Value of 43697774592. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.73, and their Forward P/E ratio for the next fiscal year is 27.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.69 while its Price-to-Book (P/B) ratio in mrq is 5.98. Its current Enterprise Value per Revenue stands at 7.95 whereas that against EBITDA is 22.4.
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 $71.76. The 50-Day Moving Average of the stock is -8.64%, while the 200-Day Moving Average is calculated to be -17.92%.
Shares Statistics:
Over the past 3-months, MCHP traded about 5.81M shares per day on average, while over the past 10 days, MCHP traded about 6666320 shares per day. A total of 536.66M shares are outstanding, with a floating share count of 525.63M. Insiders hold about 2.12% of the company’s shares, while institutions hold 95.60% stake in the company. Shares short for MCHP as of 1728950400 were 27150777 with a Short Ratio of 4.67, compared to 1726185600 on 27452493. Therefore, it implies a Short% of Shares Outstanding of 27150777 and a Short% of Float of 5.92.
Dividends & Splits
MCHP’s forward annual dividend rate is 1.80, up from 1.795 a year ago. Against a Trailing Annual Dividend Yield of 0.024632907The stock’s 5-year Average Dividend Yield is 1.52.
