Microchip Technology Incorporated ( MCHP) Stock. Should you Buy or Sell? $ 66.96
1.22 (1.79 %)
Microchip Technology Incorporated AnalysisUpdated on 10-09-2022
|Volume Avg.||$4.67 M|
|Market Cap||$36.99 B|
|52 Week Range||$54.33 - $90.0|
Microchip Technology Incorporated opened the day at $66.96 which is +'1.79 % on yesterday's close. Microchip Technology Incorporated has a 52 week high of $90.0 and 52 week low of $54.33, which is a difference of $35.67. We like to see positive, upward trending shares, preferably with momentum. Market capitalization is $36.99 B and total net profit is $6820900000 which means the company is trading at 5.42 times profit to market capitalization. Theoretically, if you were to buy Microchip Technology Incorporated for $36.99 B, it would take 15 years to get your money back. Microchip Technology Incorporated are in the Semiconductors space which will have a sweet spot and industry standard for net profit multiples.
Microchip Technology Incorporated Stock Forecast - Is Microchip Technology Incorporated a Buy or Sell?
|DCF Score||Strong Buy|
|PE Score||Strong Buy|
|PB Score||Strong Buy|
|Overall Recommendation||Strong Buy|
Growth and Value
|Net Profit Margin||0.213|
Valuing Microchip Technology Incorporated
|Price Book Value Ratio||6.203||Price To Book Ratio||6.203|
|Price To Sales Ratio||5.140||Price Earnings Ratio||24.081|
How liquid is Microchip Technology Incorporated
|Debt Ratio||0.631||Debt Equity Ratio||1.711|
|Long Term Debt To Capitalization||0.559||Total Debt To Capitalization||0.560|
Latest news about Microchip Technology Incorporated
CHANDLER, Ariz., Sept. 06, 2022 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Citi 2022 Global Technology Conference on Thursday, September 8 at 2:30 p.m. (Eastern Time). Presenting for the Company will be Mr. Ganesh Moorthy, President and CEO, and Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by Citi, and can be accessed on the Microchip website at www.microchip.com.
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After losing some value lately, a hammer chart pattern has been formed for Microchip Tech (MCHP), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Microchip Technology reported record revenue and profits for Q2 2022. Demand continues to grow faster than supply.
With August's signing of the bipartisan CHIPS and Science Act of 2022, investors ought to consider semiconductor stocks to buy on the dip. Primarily, this groundbreaking legislation will make historic investments to bolster competitiveness among U.S. workers and businesses.
About Microchip Technology Incorporated
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.