For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Microchip Technology, Inc (NASDAQ: MCHP) closed at $52.26 down -3.76% from its previous closing price of $54.30. In other words, the price has decreased by -$3.76 from its previous closing price. On the day, 11.25 million shares were traded. MCHP stock price reached its highest trading level at $53.22 during the session, while it also had its lowest trading level at $51.37.
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 98.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.58. 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, B. Riley Securities on January 24, 2025, Reiterated its Buy rating but revised its target price to $85 from $93 previously.
On December 16, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $80 to $65.
TD Cowen reiterated its Hold rating for the stock on November 06, 2024, while the target price for the stock was revised from $80 to $70.
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 28064141312 and an Enterprise Value of 34235654144. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.45, and their Forward P/E ratio for the next fiscal year is 23.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.11 while its Price-to-Book (P/B) ratio in mrq is 4.47. Its current Enterprise Value per Revenue stands at 6.229 whereas that against EBITDA is 17.55.
Stock Price History:
The Beta on a monthly basis for MCHP is 1.49, which has changed by -0.34774774 over the last 52 weeks, in comparison to a change of 0.21926713 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 $53.98. The 50-Day Moving Average of the stock is -12.37%, while the 200-Day Moving Average is calculated to be -32.93%.
Shares Statistics:
For the past three months, MCHP has traded an average of 8.38M shares per day and 8768000 over the past ten days. A total of 537.01M shares are outstanding, with a floating share count of 525.54M. Insiders hold about 2.14% of the company’s shares, while institutions hold 95.30% stake in the company. Shares short for MCHP as of 1736899200 were 29222728 with a Short Ratio of 3.49, compared to 1734048000 on 30993153. Therefore, it implies a Short% of Shares Outstanding of 29222728 and a Short% of Float of 6.36.
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 0.03305709The stock’s 5-year Average Dividend Yield is 1.6. The current Payout Ratio is 48.34% for MCHP, which recently paid a dividend on 2024-11-22 with an ex-dividend date of 1732233600. Stock splits for the company last occurred on 2021-10-13 when the company split stock in a 2:1 ratio.
