Microchip Technology Incorporated (MCHP)
| Market Cap | 48.79B |
| Revenue (ttm) | 8.94B |
| Net Income (ttm) | 2.52B |
| Shares Out | 541.05M |
| EPS (ttm) | 4.55 |
| PE Ratio | 19.82 |
| Forward PE | 20.46 |
| Dividend | $1.76 (1.95%) |
| Ex-Dividend Date | Nov 21, 2023 |
| Volume | 2,488,477 |
| Open | 90.75 |
| Previous Close | 90.84 |
| Day's Range | 89.72 - 91.33 |
| 52-Week Range | 68.41 - 94.30 |
| Beta | 1.60 |
| Analysts | Buy |
| Price Target | 95.20 (+5.57%) |
| Earnings Date | Feb 1, 2024 |
About MCHP
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides application development t... [Read more]
Financial Performance
In 2022, MCHP's revenue was $8.44 billion, an increase of 23.72% compared to the previous year's $6.82 billion. Earnings were $2.24 billion, an increase of 74.07%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for MCHP stock is "Buy." The 12-month stock price forecast is $95.2, which is an increase of 5.57% from the latest price.
News
Automate Installation Process with Press-Fit Terminal Power Modules for a Solder-Free Solution in High-Volume Manufacturing
Microchip's SP1F and SP3F power modules are highly configurable in Silicon Carbide (SiC) or Silicon (Si) technology and now available with Press-Fit terminals Microchip's SP1F and SP3F power modules a...
Microchip Technology to Present at the UBS Technology Conference
CHANDLER, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced tha...
Microchip Unveils New Standard of Enhanced Code Security With The PIC18-Q24 Family of MCUs
CHANDLER, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- More and more everyday items are connected to the cloud—from cellphones and vehicles to smart thermostats and home appliances.
To Meet And Exceed Heightened Automotive Secure Authentication Requirements, Microchip Releases Its Latest TrustAnchor Security IC
CHANDLER, Ariz., Nov. 15, 2023 (GLOBE NEWSWIRE) -- As vehicles become more connected and technologically advanced, the need for heightened security measures also rises.
Microchip Expands Development Ecosystem With MPLAB® XC-DSC Compiler With Flexible Licensing Options
CHANDLER, Ariz., Nov. 14, 2023 (GLOBE NEWSWIRE) -- With the rapid growth of the industrial and autonomous vehicles markets, there is an ever-increasing demand for software tools that enable faster and...
Microchip Introduces Industry's Most Complete Solution for 800G Active Electrical Cables (AECs) Used for Generative AI Networks
New META-DX2C 800G retimer is supported by a complete hardware and software reference design with key Microchip components New META-DX2C 800G retimer is supported by a complete hardware and software r...
Microchip CEO: We're going through classic inventory correction amplified by macro concerns
Microchip CEO Ganesh Moorthy joins 'Squawk on the Street' to discuss his thoughts on the company's quarterly earnings results, what Microchip needs to do to navigate the current environment, and more.
Microchip Technology Increases Quarterly Cash Dividend 33.8% Year-Over-Year to 43.9 Cents Per Share
CHANDLER, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
CHANDLER, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported res...
Microchip's Detroit Automotive Technology Center is the Destination for Automotive Clients
The 24,000-square-foot facility includes new high-voltage and E-Mobility labs, as well as technical training rooms for automotive clients to develop and optimize designs The 24,000-square-foot facilit...
New 32-Bit MCU Features an Embedded Hardware Security Module to Safeguard Industrial and Consumer Applications
Highly configurable PIC32CZ CA devices are available with a 300 MHz Arm® Cortex®-M7 processor Highly configurable PIC32CZ CA devices are available with a 300 MHz Arm® Cortex®-M7 processor
Microchip's Radiation-Tolerant (RT) PolarFire® FPGA Achieves QML Class Q Qualification
Microchip's rad-tolerant PolarFire FPGA is now QML Class Q qualified. Designers can more easily begin integrating it into their spaceflight systems.
Microchip FPGAs Speed Intelligent Edge Designs and Reduce Development Cost and Risk with Tailored PolarFire® FPGA and SoC Solution Stacks
Ten collections—spanning the industrial and communications sectors and smart embedded vision, motor control and optical access technologies—feature IP, reference designs, development kits, application...
GlobalFoundries® and Microchip Announce Microchip's 28-nm SuperFlash® Embedded Flash Memory Solution in Production
Widely deployed Non-Volatile Memory (NVM) solution is optimized for microcontrollers (MCUs), smart cards and IoT chips Widely deployed Non-Volatile Memory (NVM) solution is optimized for microcontroll...
Microchip Introduces Industry's First Low Pin Count MCU Family With I3C Support
Leading I3C integration, Microchip has released its PIC18-Q20 family of MCUs, the industry's first low pin count MCUs with I3C peripherals and MVIO.
Ease of Design for OEMs to Connect Automotive Devices with New 10BASE-T1S Ethernet Solutions
The new family of LAN8650/1 MAC-PHY devices connects low-cost microcontrollers without a built-in Ethernet MAC to a 10BASE-T1S Ethernet network The new family of LAN8650/1 MAC-PHY devices connects low...
Microchip Teams Up with Intelligent Hardware Korea (IHWK) to Develop an Analog Compute Platform to Accelerate Edge AI/ML Inferencing
Using Microchip's memBrain™ nonvolatile in-memory compute technology and working with universities, IHWK is creating a SoC processor for neurotechnology devices Using Microchip's memBrain™ nonvolatile...
Microchip Technology to Present at the Piper Sandler Growth Frontiers Conference
CHANDLER, Ariz., Sept. 11, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Launches MPLAB® Machine Learning Development Suite to More Easily Incorporate ML Into MCUs and MPUs
Unique solution is first to support 8-bit, 16-bit and 32-bit MCUs and 32-MPUs for ML at the edge Unique solution is first to support 8-bit, 16-bit and 32-bit MCUs and 32-MPUs for ML at the edge
Microchip Technology to Present at the Citi 2023 Global Technology Conference
CHANDLER, Ariz., Sept. 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced th...
Microchip Technology to Present at the Goldman Sachs 2023 Communacopia + Technology Conference
CHANDLER, Ariz., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company w...
Microchip's PolarFire® FPGA's Single-Chip Crypto Design Flow “Successfully Reviewed” By the United Kingdom Government's National Cyber Security Centre
CHANDLER, Ariz., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Security is now an imperative for all designs in every vertical market.
Microchip Technology To Webcast Annual Meeting Of Shareholders
CHANDLER, Ariz., Aug. 16, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that...
These 20 dividend stocks have been the best income growers in the S&P 500
In the comment section of a recent MarketWatch article listing stocks with high dividend yields that were expected to be well supported by the companies' cash flow, a reader suggested that it would ha...