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The closing price of Microchip Technology, Inc (NASDAQ: MCHP) was $55.99 for the day, down -0.27% from the previous closing price of $56.14. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 7.41 million shares were traded. MCHP stock price reached its highest trading level at $57.71 during the session, while it also had its lowest trading level at $55.91.
Ratios:
Our analysis of MCHP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 105.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.90. 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 the company, BofA Securities on December 16, 2024, Downgraded its rating to Underperform and sets its target price to $65 from $80 previously.
On November 06, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $80 to $70.
Truist Downgraded its Buy to Hold on September 23, 2024, whereas the target price for the stock was revised from $89 to $80.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 30067189760 and an Enterprise Value of 36319256576. As of this moment, Microchip’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.05, and their Forward P/E ratio for the next fiscal year is 23.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.47 while its Price-to-Book (P/B) ratio in mrq is 4.79. Its current Enterprise Value per Revenue stands at 6.608 whereas that against EBITDA is 18.618.
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 $55.91. The 50-Day Moving Average of the stock is -18.95%, while the 200-Day Moving Average is calculated to be -32.01%.
Shares Statistics:
MCHP traded an average of 7.03M shares per day over the past three months and 8495040 shares per day over the past ten days. A total of 537.01M shares are outstanding, with a floating share count of 525.59M. Insiders hold about 2.13% of the company’s shares, while institutions hold 94.53% stake in the company. Shares short for MCHP as of 1732838400 were 30094146 with a Short Ratio of 4.28, compared to 1730332800 on 30311844. Therefore, it implies a Short% of Shares Outstanding of 30094146 and a Short% of Float of 6.550000000000001.
Dividends & Splits
With its trailing 12-month dividend rate of 1.795, MCHP has a forward annual dividend rate of 1.81. Against a Trailing Annual Dividend Yield of 0.031973638The stock’s 5-year Average Dividend Yield is 1.54.
