Financial Metrics Unveiled: Microchip Technology, Inc. (MCHP)’s Key Ratios in the Spotlight

Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The price of Microchip Technology, Inc. (NASDAQ: MCHP) closed at $95.98 in the last session, up 3.94% from day before closing price of $92.34. In other words, the price has increased by $3.94 from its previous closing price. On the day, 6.36 million shares were traded. MCHP stock price reached its highest trading level at $96.21 during the session, while it also had its lowest trading level at $92.79.

Ratios:

We take a closer look at MCHP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 161.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.75. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 51493752832 and an Enterprise Value of 57371717632. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.63, and their Forward P/E ratio for the next fiscal year is 22.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.74 while its Price-to-Book (P/B) ratio in mrq is 7.74. Its current Enterprise Value per Revenue stands at 7.515 whereas that against EBITDA is 16.687.

Stock Price History:

The Beta on a monthly basis for MCHP is 1.54, which has changed by 0.039194465 over the last 52 weeks, in comparison to a change of 0.24919295 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 2.95%, while the 200-Day Moving Average is calculated to be 11.30%.

Shares Statistics:

According to the various share statistics, MCHP traded on average about 5.81M shares per day over the past 3-months and 5514880 shares per day over the past 10 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 94.09% stake in the company. Shares short for MCHP as of 1718323200 were 27062430 with a Short Ratio of 4.66, compared to 1715731200 on 23764593. Therefore, it implies a Short% of Shares Outstanding of 27062430 and a Short% of Float of 5.89.

Dividends & Splits

The forward annual dividend rate for MCHP is 1.75, which was 1.682 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.018215293The 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.

Most Popular