Shares of Technology sector company Microchip Technology moved -3.2% today, and are now trading at a price of $81.28. The large-cap stock's daily volume was 788,404 compared to its average volume of 5,121,060. The S&P 500 index returned a -1.0% performance.
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 22,600 full time employees. Its market capitalization is $43,920,031,744. Microchip Technology currently offers its equity investors a dividend that yields 1.9% per year.
23 analysts are following Microchip Technology and have set target prices ranging from $75.0 to $105.0 per share. On average, they have given the company a rating of buy. At today's prices, MCHP is trading -12.14% away from its average analyst target price of $92.51 per share.
Over the last year, MCHP shares have gone down by -1.1%, which represents a difference of -22.5% when compared to the S&P 500. The stock's 52 week high is $94.3 per share and its 52 week low is $68.75. With average free cash flows of $2.0 Billion that have been growing at an average rate of 15.4% over the last 5 years, Microchip Technology declining stock performance may not be reflective of the quality of its underlying business.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 3,621,000 | 486,200 | 3,134,800 | 26.78 |
| 2022 | 2,842,700 | 370,100 | 2,472,600 | 35.57 |
| 2021 | 1,916,500 | 92,600 | 1,823,900 | 23.55 |
| 2020 | 1,543,800 | 67,600 | 1,476,200 | -10.87 |
| 2019 | 1,674,800 | 18,600 | 1,656,200 | 17.25 |
| 2018 | 1,419,600 | 7,100 | 1,412,500 |
