The price-to-earnings ratio for Microchip Technology, Inc. (NASDAQ: MCHP) is 18.59x, which is above its average ratio. Moreover, the 36-month beta value for MCHP is 1.61. Analysts have varying opinions on the stock, with 17 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Microchip Technology, Inc. (MCHP) is $88.99, which is $4.28 above the current market price. The public float for MCHP is 529.69M and currently, short sellers hold a 3.18% of that float. On November 21, 2023, MCHP’s average trading volume was 4.68M shares.
MCHP) stock’s latest price update
Microchip Technology, Inc. (NASDAQ: MCHP) has experienced a rise in its stock price by 1.41 compared to its previous closing price of 83.53. However, the company has seen a gain of 10.56% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-16 that Dividend-growing companies provide a steady stream of income and tend to perform better than those that don’t increase payouts. The article provides a list of upcoming dividend increases from companies with a consistent history of dividend growth. The table includes data on ex-dividend dates, increase percentages, and streak categories for each company.
MCHP’s Market Performance
Microchip Technology, Inc. (MCHP) has experienced a 10.56% rise in stock performance for the past week, with a 12.41% rise in the past month, and a 5.58% rise in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 2.83% for MCHP.. The simple moving average for the past 20 days is 11.98% for MCHP’s stock, with a 4.93% simple moving average for the past 200 days.
Analysts’ Opinion of MCHP
Many brokerage firms have already submitted their reports for MCHP stocks, with Citigroup repeating the rating for MCHP by listing it as a “Buy.” The predicted price for MCHP in the upcoming period, according to Citigroup is $100 based on the research report published on November 08, 2023 of the current year 2023.
MCHP Trading at 9.82% from the 50-Day Moving Average
After a stumble in the market that brought MCHP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.17% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +13.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.61% upper at present.
During the last 5 trading sessions, MCHP rose by +10.56%, which changed the moving average for the period of 200-days by -0.74% in comparison to the 20-day moving average, which settled at $76.17. In addition, Microchip Technology, Inc. saw 20.58% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MCHP starting from Johnson Karlton D, who sale 500 shares at the price of $82.47 back on Nov 16. After this action, Johnson Karlton D now owns 2,159 shares of Microchip Technology, Inc., valued at $41,235 using the latest closing price.
Johnson Karlton D, the Director of Microchip Technology, Inc., sale 1,062 shares at $75.20 during a trade that took place back on Nov 07, which means that Johnson Karlton D is holding 2,659 shares at $79,862 based on the most recent closing price.
Stock Fundamentals for MCHP
Current profitability levels for the company are sitting at:
- +36.88 for the present operating margin
- +58.78 for the gross margin
The net margin for Microchip Technology, Inc. stands at +26.52. The total capital return value is set at 23.17, while invested capital returns managed to touch 17.62. Equity return is now at value 38.52, with 15.38 for asset returns.
Based on Microchip Technology, Inc. (MCHP), the company’s capital structure generated 101.33 points at debt to equity in total, while total debt to capital is 50.33. Total debt to assets is 40.32, with long-term debt to equity ratio resting at 79.38. Finally, the long-term debt to capital ratio is 39.43.
When we switch over and look at the enterprise to sales, we see a ratio of 5.76, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 7.10 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
To wrap up, the performance of Microchip Technology, Inc. (MCHP) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.