Microchip Technology
MCHP
Market cap $31.1B

57.97 USD

+1.78

3.17%

At close Jan 17, 4:00 PM EST

After hours

57.97

+0.00

0.00%

1 day

3.17%

5 days

5.73%

1 month

-0.55%

3 months

-24.30%

6 months

-36.66%

Year to date

1.92%

1 year

-30.44%

5 years

5.96%

10 years

156.16%

About: Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

Employees: 22,300

Information Technology Semiconductors & Related Devices

0

Funds holding %

of 6,823 funds

0

Analysts bullish %

of 14 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

34% more call options, than puts

Call options by funds: $958M | Put options by funds: $717M

0.03% less ownership

Funds ownership: 97.53% [Q2] → 97.5% (-0.03%) [Q3]

5% less funds holding

Funds holding: 1,226 [Q2] → 1,160 (-66) [Q3]

13% less capital invested

Capital invested by funds: $47.9B [Q2] → $41.8B (-$6.1B) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 412 | Existing positions reduced: 498

36% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 138

56% less funds holding in top 10

Funds holding in top 10: 16 [Q2] → 7 (-9) [Q3]

See Fund Rankings

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$63

9%

upside

Avg. target

$81

40%

upside

High target

$95

64%

upside

14 analyst ratings

11 positive

79%

2 neutral

14%

1 negative

7%

Keybanc John Vinh 45% 1-year accuracy 24 / 53 met price target	21%upside $70	Overweight Maintained	14 Jan 2025
Mizuho Vijay Rakesh 50% 1-year accuracy 38 / 76 met price target	24%upside $72	Outperform Maintained	10 Jan 2025
Goldman Sachs Toshiya Hari 62% 1-year accuracy 69 / 112 met price target	9%upside $63	Neutral Maintained	10 Jan 2025
B of A Securities Vivek Arya 57% 1-year accuracy 60 / 105 met price target	12%upside $65	Underperform Downgraded	16 Dec 2024
Stifel Tore Svanberg 65% 1-year accuracy 30 / 46 met price target	50%upside $87	Buy Maintained	3 Dec 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about MCHP published over the past 30 days

New Family of Switchtec™ PCIe® Gen 4.0 16-Lane Switches Provides Versatility for Automotive and Embedded Computing Applications

Microchip's PCI100x devices deliver high performance and cost efficiency for any application where accelerated or specialized computing is used Microchip's PCI100x devices deliver high performance and cost efficiency for any application where accelerated or specialized computing is used

New Family of Switchtec™ PCIe® Gen 4.0 16-Lane Switches Provides Versatility for Automotive and Embedded Computing Applications

Top 3 Tech Stocks That May Rocket Higher This Quarter

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The Motley Fool

These Were the 5 Worst-Performing Stocks in the Nasdaq-100 in 2024

Now that we've shut the door on 2024, it's useful to look back at some of the best -- and, on the flip side, some of the worst -- performers of the year on the stock market. Many outliers were in the tech sector, so it's worth taking a look at the tech-heavy Nasdaq-100 index.

These Were the 5 Worst-Performing Stocks in the Nasdaq-100 in 2024

Microchip: Still Navigating In The Fog

Microchip is experiencing a sharp deterioration of its end markets. Its client's end distributors overstocked their inventories during the post-COVID period. While the sales bottom could have been hit, the following quarterly guidance doesn't anticipate a rebound either. The management is cutting costs and lowering CAPEX to remain Free Cash Flow positive.

Microchip: Still Navigating In The Fog

Top 3 Tech Stocks That Could Blast Off In Q4

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 3 Tech Stocks That Could Blast Off In Q4

Zacks Investment Research

Microchip Launches Touch Controllers: Buy, Sell or Hold the Stock?

MCHP's MTCH2120 touch controller offers low-power, water-tolerant performance, integrating with a full ecosystem to speed development and time to market.

Microchip Launches Touch Controllers: Buy, Sell or Hold the Stock?

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers

CHANDLER, Ariz., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Turnkey touch controllers are a fast and easy way to upgrade from mechanical buttons to modern touch buttons or displays.

Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers

Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications

Microchip introduces the ATA650x CAN FD SBC with integrated high-speed CAN transceiver and 5V LDO Microchip introduces the ATA650x CAN FD SBC with integrated high-speed CAN transceiver and 5V LDO

Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications

Zacks Investment Research

Can Microchip's Expanding FPGA Portfolio Push the Stock Higher?

Although MCHP expands its portfolio for medical imaging and smart robotics, lower demand makes the stock a risky bet.

Can Microchip's Expanding FPGA Portfolio Push the Stock Higher?

See News Rankings

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