What Should You Know About Microchip Technology Before Investing?

Technology sector company Microchip Technology posted a 3.1% performance today, while the S&P 500 returned -0.2%.

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company is based in Chandler and has 21,000 full time employees. Its market capitalization is $47,938,788,546. Microchip Technology currently offers its equity investors a dividend that yields 1.3% per year.

23 analysts are following Microchip Technology and have set target prices ranging from $70 to $125 per share. On average, they have given the company a rating of buy. At today's prices, MCHP is trading 3.87% away from its average analyst target price of $83.91 per share.

Over the last year, MCHP's share price has increased by 15.5%, which represents a difference of 22.6% when compared to the S&P 500. The stock's 52 week high is $84.95 per share whereas its 52 week low is $54.33. With an average free cash flow of $1,804,650,000.0 that have been growing at an average rate of 20.4% over the last three years, Microchip Technology is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2022-03-31 2,843 -370 2,473 35.57
2021-03-31 1,916 -93 1,824 23.55
2020-03-31 1,544 -68 1,476 2.1
2019-03-31 1,675 -229 1,446 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.