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In the latest session, Microchip Technology, Inc. (NASDAQ: MCHP) closed at $79.40 down -1.90% from its previous closing price of $80.94. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 4.78 million shares were traded. MCHP stock price reached its highest trading level at $81.27 during the session, while it also had its lowest trading level at $78.8.
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 135.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.99. 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 the company, Piper Sandler on August 16, 2024, Upgraded its rating to Overweight and sets its target price to $100 from $90 previously.
On August 02, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $90 to $80.
BofA Securities Downgraded its Buy to Neutral on August 02, 2024, whereas the target price for the stock was revised from $110 to $90.
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 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 43424731136 and an Enterprise Value of 48486301696. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.72, and their Forward P/E ratio for the next fiscal year is 23.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.47 while its Price-to-Book (P/B) ratio in mrq is 6.65. Its current Enterprise Value per Revenue stands at 7.361 whereas that against EBITDA is 17.82.
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 -7.90%, while the 200-Day Moving Average is calculated to be -9.34%.
Shares Statistics:
For the past three months, MCHP has traded an average of 6.73M shares per day and 5610590 over the past ten days. A total of 536.66M shares are outstanding, with a floating share count of 525.16M. Insiders hold about 2.11% of the company’s shares, while institutions hold 94.16% stake in the company. Shares short for MCHP as of 1723680000 were 21894599 with a Short Ratio of 3.25, compared to 1721001600 on 25651368. Therefore, it implies a Short% of Shares Outstanding of 21894599 and a Short% of Float of 4.77.
Dividends & Splits
According to the company, the forward annual dividend rate for MCHP is 1.80, from 1.751 in the trailing year. Against a Trailing Annual Dividend Yield of 0.021633308The stock’s 5-year Average Dividend Yield is 1.49.
