MCHP Microchip Technology
- Price as of: Oct 25, 06:55 PM EDT
- Semiconductor - specialized
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MCHP Dividend Yield & Stock Price History
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MCHP Daily Snapshot
- Quote Time:
- Oct 25, 06:55 PM
- Today's Volume:
- Open Price:
- Day's Range:
- $60.59 - $61.18
- Previous Close:
- 52 Week Low / High:
- $39.01 - $63.11
- Percent Off 52 Week High:
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MCHP Dividend Growth History
Last 5 Yrs
Last 3 Yrs
MCHP Dividend History
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MCHP Company Profile
Microchip Technology-(MCHP)- the company engages in the development and manufacture of semiconductor products for various embedded control applications. The company's chips are used in the automotive, computing, consumer, industrial and many other markets. A microcontroller chip, also known as a "computer on a chip", is used to automatically control devices such as car engine control systems and power tools. Microchip's microcontrollers are used in a range of devices from personal computer peripherals to mobile phones. The company was founded in 1989 and is based in Chandler, Arizona.
Microchip Technology News
February 05, 2016
Each week we present to you a list of stocks that increased/decreased their dividends through our dividend payout changes announcement tool. We hope this up-to-date information will allow our readers to make confident decisions for their...
April 11, 2016
Technology stocks are generally not known to be heavy dividend payers. From the 186 dividend paying technology stocks that we track the average payout ratio comes out to be 33% adjusted for outliers. This payout ratio is actually higher than some...
May 11, 2016
There are 15 major stocks going ex-dividend next week. If you buy the stock one day prior to the ex-dividend date, your name goes on the company’s record books and you receive the dividend on the record date. A stock with the least correction off...
August 12, 2016
Each week we present to you a list of stocks that increased their dividends through our dividend payout changes announcement tool. We hope this up-to-date information will allow our readers to make confident decisions for their portfolios.
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Goldman Sachs Upgrades Mircochip Technology to "Buy" (MCHP)Sep 24, 2013On Tuesday, Goldman Sachs reported that it has upgraded Microchip Technology Inc. (MCHP) to "Buy." The firm has boosted its rating on MCHP from "Neutral" to "Buy," and has raised the company's price target from $42 to $46. This price target suggests a 12% upside from Monday's closing price of $40.33. An analyst from the firm commented: "We are upgrading Microchip to Buy as we believe the Street is undermodeling out-year estimates by as much as 15%: (1) Microchip has the largest exposure to construction (res and non-res) in the group, and leading indicators such as the ABI suggest sales into this vertical are moving higher; (2) the stock meaningfully outperforms in the mid-to-late stages of the semi cycle due to exposure to distributors (50% of sales) and late-cycle verticals; (3) SMSC is set to drive $0.50 of accretion in CY2014E; (4) We think worries of MCU share loss to ARM solutions are overdone, with ARM having taken share mostly in smartcards and areas where Microchip does not participate." Microchip Technology shares were up 66 cents, or 1.64%, during pre-market trading Tuesday. The stock is up 24% YTD.Expand to read the full story
Microchip Technology Raises Guidance (MCHP)Jun 4, 2013Semiconductor manufacturer, Microchip Technology Inc. (MCHP) reported on Tuesday that it has improved both its earnings and sales outlook. The company reported that it has raised its outlook for the first quarter of 2014. Net sales are now expected to grow by 4% to 7% and non-GAAP EPS is expected to be in the range of 52 cents to 56 cents. Previously, the company expected to see sales growth between 2% and 6% and earnings between 50 cents and 54 cents per share. GAAP earnings are now expected to be between 32 cents and 36 cents per share, up from the company's prior estimate of earnings between 30 cents and 34 cents per share. MCHP's president and CEO Steve Sanghi commented, “we have continued to see a very strong bookings and business environment in the June quarter. We have received excellent visibility from our customers, allowing us to build our products in a good mix and meet our customers’ requirements for the quarter." “We expect our inventory to be fully corrected by the end of the June 2013 quarter. Unless we take immediate action, the risk is that our inventory will go too low while the demand is strengthening. Therefore, we have taken immediate steps to end the rotating time off in our fabs and return our employees to full time work earlier than expected. We have asked our front-end as well as back-end manufacturing facilities to prepare to ramp production to meet the needs of our customers.” Microchip Technology shares were up $1.63, or 4.42% during premarket trading Tuesday. The stock is up 13% YTD. The Bottom Line Shares of Microchip Technology Inc. (MCHP) have a 3.83% yield, based on Monday's closing price of $36.84. Microchip Technology Inc. (MCHP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story