Microchip Technology logged a -1.8% change during today's afternoon session, and is now trading at a price of $76.14 per share. The S&P 500 index moved -0.0%. MCHP's trading volume is 1,434,435 compared to the stock's average volume of 4,582,109.
Microchip Technology trades -21.62% 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 have given Microchip Technology a rating of buy.
Anyone interested in buying MCHP should be aware of the facts below:
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Microchip Technology's current price is 133.1% above its Graham number of $32.67, which implies that at its current valuation it does not offer a margin of safety
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Microchip Technology has moved 3.0% over the last year, and the S&P 500 logged a change of 12.0%
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Based on its trailing earnings per share of 4.56, Microchip Technology has a trailing 12 month Price to Earnings (P/E) ratio of 16.7 while the S&P 500 average is 15.97
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MCHP has a forward P/E ratio of 12.5 based on its forward 12 month price to earnings (EPS) of $6.11 per share
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The company has a price to earnings growth (PEG) ratio of 1.04 — a number near or below 1 signifying that Microchip Technology is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 5.91 compared to its sector average of 6.23
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Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
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Based in Chandler, the company has 22,600 full time employees and a market cap of $41.2 Billion. Microchip Technology currently returns an annual dividend yield of 1.9%.