As of close of business last night, Microchip Technology, Inc.’s stock clocked out at $88.98, down -1.72% from its previous closing price of $90.54. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 5430396 shares were traded.
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Ratios:
To gain a deeper understanding of MCHP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 171.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.57.
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 February 02, 2024, Reiterated its Market Perform rating but revised its target price to $80 from $75 previously.
On January 18, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $105.
Piper Sandler Downgraded its Overweight to Neutral on January 04, 2024, while the target price for the stock was maintained at $80.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when SANGHI STEVE sold 36,443 shares for $93.10 per share. The transaction valued at 3,392,789 led to the insider holds 10,090,421 shares of the business.
Johnson Karlton D sold 92 shares of MCHP for $7,993 on Mar 06 ’24. The Director now owns 1,697 shares after completing the transaction at $86.88 per share. On Feb 23 ’24, another insider, Bjornholt James Eric, who serves as the Senior VP and CFO of the company, sold 1,970 shares for $83.90 each. As a result, the insider received 165,283 and left with 32,893 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 48.08B and an Enterprise Value of 53.53B. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.79, and their Forward P/E ratio for the next fiscal year is 29.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.63 while its Price-to-Book (P/B) ratio in mrq is 6.79. Its current Enterprise Value per Revenue stands at 6.27 whereas that against EBITDA is 13.20.
Stock Price History:
Over the past 52 weeks, MCHP has reached a high of $94.30, while it has fallen to a 52-week low of $68.75. The 50-Day Moving Average of the stock is 85.79, while the 200-Day Moving Average is calculated to be 83.35.
Shares Statistics:
It appears that MCHP traded 5.67M shares on average per day over the past three months and 6.39M shares per day over the past ten days. A total of 545.46M shares are outstanding, with a floating share count of 528.95M. Insiders hold about 2.12% of the company’s shares, while institutions hold 92.92% stake in the company. Shares short for MCHP as of Feb 29, 2024 were 20.28M with a Short Ratio of 3.58, compared to 20.76M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.75% and a Short% of Float of 4.38%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.59, MCHP has a forward annual dividend rate of 1.68. Against a Trailing Annual Dividend Yield of 1.76%, it implies a Forward Annual Dividend Yield of 1.89%. The stock’s 5-year Average Dividend Yield is 1.47. The current Payout Ratio is 31.46% for MCHP, which recently paid a dividend on Mar 08, 2024 with an ex-dividend date of Feb 22, 2024. Stock splits for the company last occurred on May 09, 2002 when the company split stock in a 3:2 ratio.
Earnings Estimates
As of right now, 20 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.57 for the current quarter, with a high estimate of $0.61 and a low estimate of $0.57, while EPS last year was $1.64. The consensus estimate for the next quarter is $0.58, with high estimates of $0.7 and low estimates of $0.48.
Analysts are recommending an EPS of between $5 and $4.58 for the fiscal current year, implying an average EPS of $4.91. EPS for the following year is $3.05, with 23 analysts recommending between $4.47 and $2.25.
Revenue Estimates
In the current quarter, 19 analysts expect revenue to total $1.33B. It ranges from a high estimate of $1.37B to a low estimate of $1.32B. As of the current estimate, Microchip Technology, Inc.’s year-ago sales were $2.23B, an estimated decrease of -40.40% from the year-ago figure. For the next quarter, 19 analysts are estimating revenue of $1.34B, a decrease of -41.50% less than the figure of -$40.40% in the same quarter last year. There is a high estimate of $1.44B for the next quarter, whereas the lowest estimate is $1.21B.
A total of 23 analysts have provided revenue estimates for MCHP’s current fiscal year. The highest revenue estimate was $7.68B, while the lowest revenue estimate was $7.63B, resulting in an average revenue estimate of $7.64B. In the same quarter a year ago, actual revenue was $8.44B, down -9.50% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $6.05B in the next fiscal year. The high estimate is $7.63B and the low estimate is $5.24B. The average revenue growth estimate for next year is down -20.80% from the average revenue estimate for this year.
