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In the latest session, Microchip Technology, Inc. (NASDAQ: MCHP) closed at $74.67 up 1.10% from its previous closing price of $73.86. In other words, the price has increased by $1.10 from its previous closing price. On the day, 9.48 million shares were traded. MCHP stock price reached its highest trading level at $76.89 during the session, while it also had its lowest trading level at $73.749.
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 127.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.96.
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 August 02, 2024, Reiterated its Hold rating but revised its target price to $80 from $90 previously.
On August 02, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $110 to $90.
Morgan Stanley Downgraded its Overweight to Equal-Weight on July 11, 2024, whereas the target price for the stock was revised from $102 to $100.
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 40060825600 and an Enterprise Value of 45948633088. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.83, and their Forward P/E ratio for the next fiscal year is 21.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.08 while its Price-to-Book (P/B) ratio in mrq is 6.25. Its current Enterprise Value per Revenue stands at 6.976 whereas that against EBITDA is 16.887.
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 $68.75. The 50-Day Moving Average of the stock is -18.27%, while the 200-Day Moving Average is calculated to be -14.36%.
Shares Statistics:
For the past three months, MCHP has traded an average of 6.49M shares per day and 9715630 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 93.94% stake in the company. Shares short for MCHP as of 1721001600 were 25651368 with a Short Ratio of 3.95, compared to 1718323200 on 27062430. Therefore, it implies a Short% of Shares Outstanding of 25651368 and a Short% of Float of 5.59.
Dividends & Splits
According to the company, the forward annual dividend rate for MCHP is 1.75, from 1.751 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023707014The stock’s 5-year Average Dividend Yield is 1.49.
Earnings Estimates
The current rating of Microchip Technology, Inc. (MCHP) is the result of assessments by 20.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.49, with high estimates of $0.71 and low estimates of $0.4.
Analysts are recommending an EPS of between $2.88 and $1.84 for the fiscal current year, implying an average EPS of $2.12. EPS for the following year is $3.5, with 24.0 analysts recommending between $4.73 and $2.59.
Revenue Estimates
A total of 19 analysts believe the company’s revenue will be $1.16B this quarter.It ranges from a high estimate of $1.29B to a low estimate of $1.15B. As of the current estimate, Microchip Technology, Inc.’s year-ago sales were $2.27BFor the next quarter, 19 analysts are estimating revenue of $1.21B. There is a high estimate of $1.36B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 24 analysts have provided revenue estimates for MCHP’s current fiscal year. The highest revenue estimate was $5.49B, while the lowest revenue estimate was $4.75B, resulting in an average revenue estimate of $4.96B. In the same quarter a year ago, actual revenue was $7.63BBased on 24 analysts’ estimates, the company’s revenue will be $6.23B in the next fiscal year. The high estimate is $7.32B and the low estimate is $5.5B.
