The stock of Microchip Technology, Inc. (MCHP) has seen a -1.36% decrease in the past week, with a -5.01% drop in the past month, and a -13.27% decrease in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.54% for MCHP. The simple moving average for the last 20 days is -0.94% for MCHP stock, with a simple moving average of -11.14% for the last 200 days.
Is It Worth Investing in Microchip Technology, Inc. (NASDAQ: MCHP) Right Now?
Microchip Technology, Inc. (NASDAQ: MCHP) has a higher price-to-earnings ratio of 30.48x compared to its average ratio. MCHP has 36-month beta value of 1.52. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for MCHP is 525.13M, and currently, short sellers hold a 5.17% ratio of that float. The average trading volume of MCHP on October 28, 2024 was 6.36M shares.
MCHP) stock’s latest price update
Microchip Technology, Inc. (NASDAQ: MCHP)’s stock price has plunge by 0.57relation to previous closing price of 75.86. Nevertheless, the company has seen a -1.36% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-27 that This is the second group of 10 companies who are aiming to reach dividend aristocrat status in the near future. The majority of these companies are from the utilities sector with two defense contractors also included. A few of the companies have 10-year dividend growth rates above 10%.
Analysts’ Opinion of MCHP
Many brokerage firms have already submitted their reports for MCHP stocks, with Truist repeating the rating for MCHP by listing it as a “Hold.” The predicted price for MCHP in the upcoming period, according to Truist is $80 based on the research report published on September 23, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see MCHP reach a price target of $100, previously predicting the price at $90. The rating they have provided for MCHP stocks is “Overweight” according to the report published on August 16th, 2024.
TD Cowen gave a rating of “Hold” to MCHP, setting the target price at $80 in the report published on August 02nd of the current year.
MCHP Trading at -2.07% 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 -24.14% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -5.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.16% lower at present.
During the last 5 trading sessions, MCHP fell by -1.36%, which changed the moving average for the period of 200-days by -10.71% in comparison to the 20-day moving average, which settled at $77.02. In addition, Microchip Technology, Inc. saw -15.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MCHP starting from Bjornholt James Eric, who sale 2,154 shares at the price of $81.50 back on Aug 23 ’24. After this action, Bjornholt James Eric now owns 33,257 shares of Microchip Technology, Inc., valued at $175,551 using the latest closing price.
Bjornholt James Eric, the Officer of Microchip Technology, Inc., proposed sale 2,154 shares at $81.44 during a trade that took place back on Aug 23 ’24, which means that Bjornholt James Eric is holding shares at $175,412 based on the most recent closing price.
Stock Fundamentals for MCHP
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.62 for the gross margin
The net margin for Microchip Technology, Inc. stands at 0.21. The total capital return value is set at 0.13. Equity return is now at value 20.70, with 8.47 for asset returns.
Based on Microchip Technology, Inc. (MCHP), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 108.25.
Currently, EBITDA for the company is 3.44 billion with net debt to EBITDA at 2.58. When we switch over and look at the enterprise to sales, we see a ratio of 7.11. The receivables turnover for the company is 6.01for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.94.
Conclusion
To put it simply, Microchip Technology, Inc. (MCHP) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
