As of Friday close, Microchip Technology Incorporated’s (NASDAQ:MCHP) stock was up $1.6, moving up 2.45 percent to $67.03. The average number of shares traded per day over the past five days has been 6,690,500 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.53 fall in that time frame. In the last twenty days, the average volume was 5,406,565, while in the previous 50 days, it was 5,193,908.
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Since last month, MCHP stock rose 0.40%. Shares of the company fell to $63.34 on 04/27/22, the lowest level in the past month. A 52-week high of $90.00 was reached on 01/04/22 after having rallying from a 52-week low of $63.34. Since the beginning of this year, MCHP’s stock price has dropped by -23.01% or -$20.03, and marked a new high 2 times. However, the stock has declined by -25.52% since its 52-week high.
Microchip Technology Incorporated (MCHP) last reported insider trading activity 81 days ago on Feb 22. LITTLE MITCHELL R, the Senior VP, WW Client Engagemnt of the company, disposed of 3,613 shares for $70.93 on Feb 22. It resulted in a $256,270 divestment by the insider. CHAPMAN MATTHEW W sold 1,000 shares at an average price of $70.93 on Feb 22. The insider now owns 37,386 shares following the transaction. On Feb 22, Senior VP and CFO Bjornholt James Eric sold 1,885 shares at $70.93 apiece. The transaction was valued at $133,703.
Right now, Microchip Technology Incorporated (MCHP) has a P/E ratio of about 35.11. The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 5.83, the price-to-book (PB) ratio of 6.41, and the price-to-cash flow ratio of 21.30 may also be considered.
The latest dividend of $0.2760 per share was paid out, which is 9.09% more than last year’s $0.2530. On Monday May 9 2022, a $0.0230 dividend increase was announced.
In the three months ended September 29, Microchip Technology Incorporated’s quick ratio stood at 1.20, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.36, and the total debt-to-equity ratio was 1.36. On the profitability front, the trailing twelve-month gross margin is 64.50% percent. In the year ended September 29, EBITDA margin amounted to 39.59%, whereas operating margins totaled 22.10%. Based on annual data, MCHP earned $3.38 billion in gross profit and brought in $5.44 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 17.20%.
In Microchip Technology Incorporated’s quarter-end financial report for September 29, it reported total debt of $7.87 billion against cash and short-term investments of $2.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MCHP’s revenue rose 23.07% to $1.65 billion during the quarter, while net income inched up to $1.76 billion. While analysts expected Microchip Technology Incorporated to report $1.06 quarterly earnings, the actual figure was $1.07 per share, beating the consensus estimate by 0.90%. During the quarter, the company generated $829.1 million in EBITDA. The liabilities of Microchip Technology Incorporated were 10.24 billion at the end of its most recent quarter ended September 29, and its total debt was $7.9 billion. The value of shareholders’ equity is $555.99 million.
This quick technical analysis looks at Microchip Technology Incorporated’s (MCHP) price momentum. With a historical volatility rate of 59.38%, the RSI 9-day stood at 49.75% on 13 May.
With respect to its five-day moving average, the current Microchip Technology Incorporated price is down by -0.78% percent or -$0.53. At present, MCHP shares trade +2.78% above its 20-day simple moving average and -18.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.91% below its SMA50 and -4.94% below its SMA200.
Stochastic coefficient K was 31.24% and Stochastic coefficient D was 33.04%, while ATR was 3.08. Given the Stochastic reading of 49.40% for the 14-day period, the RSI (14) reading has been calculated as 48.43%. As of today, the MACD Oscillator reading stands at -1.45, while the 14-day reading stands at -1.11.
Microchip Technology Incorporated downgraded its rating on Microchip Technology Incorporated (NASDAQ: MCHP) to a Neutral in a note to investors on March 28, 2022. The analysts firm previously had a Buy rating on the stock.Microchip Technology Incorporated (MCHP) has been rated Overweight by analysts. According to 0 brokerage firms, MCHP is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Microchip Technology Incorporated stock as buy, with 16 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $67.00 – $125.00. Based on these forecasts, analysts predict Microchip Technology Incorporated (MCHP) will achieve an average price target of $86.87.