Shares of Microchip Technology have moved -0.7% today, and are now trading at a price of $74.81. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 2,348,765 compared to the stock's average volume of 4,389,331.
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. Based in Chandler, United States the company has 22,600 full time employees and a market cap of $40,721,625,088. Microchip Technology currently offers its equity investors a dividend that yields 1.8% per year.
The company is now trading -22.99% away from its average analyst target price of $97.14 per share. The 21 analysts following the stock have set target prices ranging from $82.0 to $110.0, and on average give Microchip Technology a rating of buy.
Over the last 52 weeks, MCHP stock has risen 21.0%, which amounts to a 9.0% difference compared to the S&P 500. The stock's 52 week high is $94.3 whereas its 52 week low is $58.61 per share. Based on Microchip Technology's average net margin growth of 24.8% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
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