Microchip TechnologyMCHP
MCHP
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
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 11 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
20% more call options, than puts
Call options by funds: $631M | Put options by funds: $525M
2.19% less ownership
Funds ownership: 97.42% [Q3] → 95.23% (-2.19%) [Q4]
6% less funds holding
Funds holding: 1,166 [Q3] → 1,100 (-66) [Q4]
23% less first-time investments, than exits
New positions opened: 141 | Existing positions closed: 183
30% less capital invested
Capital invested by funds: $41.8B [Q3] → $29.3B (-$12.5B) [Q4]
31% less repeat investments, than reductions
Existing positions increased: 341 | Existing positions reduced: 493
50% less funds holding in top 10
Funds holding in top 10: 8 [Q3] → 4 (-4) [Q4]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$58
22%
upside
Avg. target
$66
39%
upside
High target
$75
58%
upside
11 analyst ratings
9 positive
82%
2 neutral
18%
0 negative
0%
Evercore ISI Group Mark Lipacis 19% 1-year accuracy 10 / 52 met price target | 50%upside $71 | Outperform Maintained | 4 Mar 2025 |
Mizuho Vijay Rakesh 14% 1-year accuracy 9 / 65 met price target | 43%upside $68 | Outperform Maintained | 4 Mar 2025 |
Rosenblatt Kevin Cassidy 14% 1-year accuracy 11 / 77 met price target | 48%upside $70 | Buy Maintained | 4 Mar 2025 |
Needham Quinn Bolton 22% 1-year accuracy 32 / 147 met price target | 39%upside $66 | Buy Maintained | 4 Mar 2025 |
B. Riley Securities Craig Ellis 15% 1-year accuracy 9 / 59 met price target | 58%upside $75 | Buy Reiterated | 7 Feb 2025 |
Financial journalist opinion
Based on 19 articles about MCHP published over the past 30 days
Negative
Market Watch
21 hours ago
These 20 worst-performing stocks in the S&P 500 sank 17% or more in March
Stocks turned higher on Monday afternoon to finish March on a positive note. Still, the S&P 500 ended with a 5.8% decline for March, with 69% of component stocks down for the month.
Negative
Seeking Alpha
4 days ago
Microchip Technology's Fall From Grace: Can It Rebound?
Microchip Technology faces significant challenges, including a 50% revenue drop, declining margins, and high debt levels, making current investment unattractive. The company's heavy reliance on the Asian market and lack of long-term distributor agreements add to its financial instability and market uncertainty. The sustainability of Microchip's dividend is questionable, with free cash flow insufficient to cover payouts, suggesting a potential cut.
Positive
Benzinga
6 days ago
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.
Neutral
GlobeNewsWire
1 week ago
PolarFire® SoC FPGAs Achieve AEC-Q100 Qualification
CHANDLER, Ariz., March 24, 2025 (GLOBE NEWSWIRE) -- Microchip Technology's (Nasdaq: MCHP) PolarFire® System on Chip (SoC) FPGAs have earned the Automotive Electronics Council (AEC)-Q100 qualification.
Neutral
GlobeNewsWire
1 week ago
Microchip Technology Announces Pricing of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock
CHANDLER, Ariz., March 21, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated (“Microchip” or the “Company”), a leading provider of smart, connected, and secure embedded control solutions, today announced the pricing of its previously announced underwritten public offering of $1.35 billion of depositary shares (“depositary shares”), each representing a 1/20th interest in a share of newly issued 7.50% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“preferred stock”) at a public offering price of $50.00 per depositary share (the “offering”). Microchip granted the underwriters in the offering a 13-day option to purchase up to an additional $135 million of depositary shares, solely to cover over-allotments, if any, at the public offering price less the underwriting discount. The offering is expected to close on March 25, 2025, subject to customary closing conditions.
Negative
Benzinga
1 week ago
JOYY, Akebia Therapeutics, Microchip Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.
Neutral
GlobeNewsWire
1 week ago
Microchip Technology Engages Macquarie Group to Facilitate Sale of Tempe Fab 2 Wafer Fabrication Facility
CHANDLER, Ariz., March 20, 2025 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) today announced it has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility (“Fab 2”) located in Tempe, Arizona. This decision is part of Microchip's previously announced manufacturing restructuring plan supporting its strategic goal of enhancing operational efficiency and profitability.
Negative
Reuters
1 week ago
Microchip Technology shares fall after $1.35 billion convertible stock offering plan announced
Shares of Microchip Technology fell more than 3% on Wednesday after the chipmaker announced plans to raise capital by offering $1.35 billion of convertible stock.
Neutral
GlobeNewsWire
1 week ago
Microchip Technology Announces Launch of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock
CHANDLER, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated (“Microchip” or the “Company”), a leading provider of smart, connected, and secure embedded control solutions, today announced the launch of an underwritten public offering (the “offering”) of $1.35 billion of depositary shares (“depositary shares”), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“preferred stock”), of the Company. Microchip expects to grant the underwriters of the offering a 13-day option to purchase up to an additional $135 million of depositary shares, solely to cover over-allotments, if any. Microchip intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below. If the underwriters exercise their option to purchase additional depositary shares, Microchip expects to use a portion of the net proceeds from the sale of such additional depositary shares to enter into additional capped call transactions. Microchip intends to use the remaining net proceeds to repay existing debt, including notes outstanding under its commercial paper program.
Neutral
GlobeNewsWire
1 week ago
Entry-Level Microcontrollers Reduce System Cost and Complexity in Safety-Critical Applications
CHANDLER, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- To assist engineers in meeting stringent safety requirements while minimizing design costs and complexity, Microchip Technology (Nasdaq: MCHP) has launched the AVR® SD family of microcontrollers (MCUs).
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