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After finishing at $78.99 in the prior trading day, Microchip Technology, Inc. (NASDAQ: MCHP) closed at $75.23, down -4.76%. In other words, the price has decreased by -$4.76 from its previous closing price. On the day, 7.66 million shares were traded. MCHP stock price reached its highest trading level at $79.18 during the session, while it also had its lowest trading level at $74.67.
Ratios:
Our goal is to gain a better understanding of MCHP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 128.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.89. 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, Truist on September 23, 2024, Downgraded its rating to Hold and sets its target price to $80 from $89 previously.
On August 16, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $90 to $100.
TD Cowen reiterated its Hold rating for the stock on August 02, 2024, while the target price for the stock was revised from $90 to $80.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 40361271296 and an Enterprise Value of 46249078784. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.06, and their Forward P/E ratio for the next fiscal year is 22.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.13 while its Price-to-Book (P/B) ratio in mrq is 6.30. Its current Enterprise Value per Revenue stands at 7.021 whereas that against EBITDA is 16.998.
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 -3.61%, while the 200-Day Moving Average is calculated to be -12.77%.
Shares Statistics:
The stock has traded on average 6.55M shares per day over the past 3-months and 4847980 shares per day over the last 10 days, according to various share statistics. A total of 536.66M shares are outstanding, with a floating share count of 525.13M. Insiders hold about 2.12% of the company’s shares, while institutions hold 94.18% stake in the company. Shares short for MCHP as of 1727654400 were 26776471 with a Short Ratio of 4.09, compared to 1724976000 on 24014144. Therefore, it implies a Short% of Shares Outstanding of 26776471 and a Short% of Float of 5.84.
Dividends & Splits
In the trailing 12 months, MCHP’s forward annual dividend rate was 1.751, compared to 1.79 this year. Against a Trailing Annual Dividend Yield of 0.022167364The stock’s 5-year Average Dividend Yield is 1.5.
