Somewhat Positive Media Coverage Somewhat Unlikely to Affect Microchip Technology (MCHP) Share Price

Media headlines about Microchip Technology (NASDAQ:MCHP) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microchip Technology earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.8325441184543 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of research firms recently weighed in on MCHP. Mizuho reaffirmed a “neutral” rating and set a $84.00 price objective (up previously from $80.00) on shares of Microchip Technology in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and issued a $94.00 price target on shares of Microchip Technology in a research report on Wednesday, September 20th. Needham & Company LLC raised their price target on shares of Microchip Technology from $120.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 7th. ValuEngine cut shares of Microchip Technology from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, Zacks Investment Research cut shares of Microchip Technology from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $99.41.

Shares of Microchip Technology (NASDAQ:MCHP) traded down $2.04 on Monday, hitting $88.93. 2,571,393 shares of the stock were exchanged, compared to its average volume of 2,521,676. Microchip Technology has a fifty-two week low of $60.77 and a fifty-two week high of $95.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.33 and a quick ratio of 2.71. The firm has a market cap of $21,278.34, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Monday, November 6th. The semiconductor company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.14. Microchip Technology had a net margin of 16.23% and a return on equity of 35.48%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business earned $0.94 EPS. Microchip Technology’s revenue for the quarter was up 16.2% compared to the same quarter last year. equities research analysts expect that Microchip Technology will post 5.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.3625 per share. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.36. This represents a $1.45 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, November 20th. Microchip Technology’s dividend payout ratio (DPR) is currently 58.00%.

In other Microchip Technology news, VP Stephen V. Drehobl sold 2,852 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $91.66, for a total transaction of $261,414.32. Following the transaction, the vice president now directly owns 15,767 shares of the company’s stock, valued at approximately $1,445,203.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Eric Bjornholt sold 1,801 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $91.66, for a total transaction of $165,079.66. The disclosure for this sale can be found here. 2.13% of the stock is owned by company insiders.

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Microchip Technology Company Profile

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

Insider Buying and Selling by Quarter for Microchip Technology (NASDAQ:MCHP)

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