Large-cap Technology company Microchip Technology has logged a 1.2% change today on a trading volume of 497,343. The average volume for the stock is 8,372,171.
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 19,400 full time employees and a market cap of $35,564,892,160. Microchip Technology currently offers its equity investors a dividend that yields 2.8% per year.
The company is now trading -13.29% away from its average analyst target price of $76.0 per share. The 25 analysts following the stock have set target prices ranging from $60.0 to $90.0, and on average give Microchip Technology a rating of buy.
Over the last 12 months MCHP shares have declined by -15.5%, which represents a difference of -32.0% when compared to the S&P 500. The stock's 52 week high is $81.64 per share and its 52 week low is $34.13. With its net margins declining an average -68.9% over the last 6 years, Microchip Technology declining profitability gives us reason to believe its stock price will continue to underwhelm.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 4,401,600 | -500 | 0 | -100.0 |
| 2023 | 7,634,400 | 1,906,900 | 25 | -7.41 |
| 2022 | 8,438,700 | 2,237,700 | 27 | 42.11 |
| 2021 | 6,820,900 | 1,285,500 | 19 | 216.67 |
| 2020 | 5,438,400 | 349,400 | 6 | -45.45 |
| 2019 | 5,274,200 | 570,600 | 11 |
