Large-cap Technology company Microchip Technology has moved 5.9% so far today on a volume of 2,397,233, compared to its average of 4,568,023. In contrast, the S&P 500 index moved 2.0%.
Microchip Technology trades -8.71% away from its average analyst target price of $88.91 per share. The 22 analysts following the stock have set target prices ranging from $73.0 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:
-
Microchip Technology's current price is 148.5% above its Graham number of $32.67, which implies that at its current valuation it does not offer a margin of safety
-
Microchip Technology has moved 6.0% over the last year, and the S&P 500 logged a change of 14.0%
-
Based on its trailing earnings per share of 4.56, Microchip Technology has a trailing 12 month Price to Earnings (P/E) ratio of 17.8 while the S&P 500 average is 15.97
-
MCHP has a forward P/E ratio of 16.9 based on its forward 12 month price to earnings (EPS) of $4.81 per share
-
The company has a price to earnings growth (PEG) ratio of 1.13 — a number near or below 1 signifying that Microchip Technology is fairly valued compared to its estimated growth potential
-
Its Price to Book (P/B) ratio is 6.3 compared to its sector average of 6.23
-
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
-
Based in Chandler, the company has 22,600 full time employees and a market cap of $43.92 Billion. Microchip Technology currently returns an annual dividend yield of 1.9%.