Media coverage about Microchip Technology (NASDAQ:MCHP) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Microchip Technology earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.8128542516934 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- $1.38 EPS Expected for Microchip Technology Inc. (MCHP) This Quarter (americanbankingnews.com)
- Zacks: Analysts Expect Microchip Technology Inc. (MCHP) to Post $1.38 EPS (americanbankingnews.com)
- Earnings Preview Microchip Technology (finance.yahoo.com)
- Microchip Technology Declares Quarterly Cash Dividend of 36.30 Cents Per Share (finance.yahoo.com)
- Microchip Technology Announces Net Sales and Results for Third Quarter of Fiscal Year 2018 (finance.yahoo.com)
Microchip Technology (NASDAQ:MCHP) opened at $82.91 on Thursday. Microchip Technology has a 1 year low of $69.76 and a 1 year high of $99.17. The company has a market capitalization of $19,300.00, a P/E ratio of 33.16, a P/E/G ratio of 1.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.71 and a current ratio of 3.33.
Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. The company had revenue of $994.10 million during the quarter, compared to analysts’ expectations of $992.10 million. Microchip Technology had a return on equity of 35.48% and a net margin of 16.23%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. analysts forecast that Microchip Technology will post 5.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.363 per share. This is a boost from Microchip Technology’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 20th. This represents a $1.45 annualized dividend and a yield of 1.75%. Microchip Technology’s dividend payout ratio (DPR) is 58.00%.
MCHP has been the topic of several research reports. Piper Jaffray Companies initiated coverage on Microchip Technology in a research report on Monday, December 18th. They issued an “overweight” rating and a $100.00 target price on the stock. Zacks Investment Research upgraded Microchip Technology from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Friday, November 10th. Morgan Stanley raised their target price on Microchip Technology from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Credit Suisse Group restated an “outperform” rating and issued a $110.00 target price (up previously from $95.00) on shares of Microchip Technology in a research report on Tuesday, November 7th. Finally, SunTrust Banks reiterated a “hold” rating and set a $90.00 price objective on shares of Microchip Technology in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $101.56.
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 stock was sold at an average price of $91.66, for a total transaction of $261,414.32. Following the completion of the sale, the vice president now owns 15,767 shares of the company’s stock, valued at $1,445,203.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value 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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About Microchip Technology
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.
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