Microchip Technology Stock in Focus

Large-cap Technology company Microchip Technology has logged a 0.3% change today on a trading volume of 1,472,042. The average volume for the stock is 4,698,237.

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 $44,793,114,624. Microchip Technology currently offers its equity investors a dividend that yields 1.8% per year.

The company is now trading -6.88% 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 give Microchip Technology a rating of buy.

Over the last 52 weeks, MCHP stock has risen 9.0%, which amounts to a -5.0% difference compared to the S&P 500. The stock's 52 week high is $94.3 whereas its 52 week low is $67.69 per share. Based on Microchip Technology's average net margin growth of 28.1% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023 8,438,700 2,237,700 27 42.11
2022 6,820,900 1,285,500 19 216.67
2021 5,438,400 349,400 6 -45.45
2020 5,274,200 570,600 11 57.14
2019 5,349,500 355,900 7 16.67
2018 3,980,800 255,400 6
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.