Microchip Technology (MCHP) Scheduled to Post Quarterly Earnings on Tuesday

Microchip Technology (NASDAQ:MCHP) is scheduled to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Microchip Technology to post earnings of $0.37 per share for the quarter. Microchip Technology has set its Q2 guidance at $0.40-0.46 EPS and its Q2 2025 guidance at 0.400-0.460 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Microchip Technology had a return on equity of 28.33% and a net margin of 20.80%. The firm’s quarterly revenue was down 45.8% compared to the same quarter last year. During the same period last year, the business posted $1.56 earnings per share. On average, analysts expect Microchip Technology to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Microchip Technology Stock Up 1.2 %

Microchip Technology stock opened at $77.20 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.08 and a current ratio of 1.94. Microchip Technology has a one year low of $68.75 and a one year high of $100.57. The company has a 50-day simple moving average of $77.84 and a 200-day simple moving average of $85.60. The firm has a market capitalization of $41.42 billion, a P/E ratio of 22.25 and a beta of 1.52.

Microchip Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a $0.454 dividend. This is a boost from Microchip Technology’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.35%. Microchip Technology’s dividend payout ratio is 52.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price objective on shares of Microchip Technology in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Microchip Technology from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Truist Financial downgraded shares of Microchip Technology from a “buy” rating to a “hold” rating and dropped their price target for the stock from $89.00 to $80.00 in a research report on Monday, September 23rd. Bank of America cut shares of Microchip Technology from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $90.00 in a report on Friday, August 2nd. Finally, Mizuho set a $95.00 target price on Microchip Technology in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.89.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 2,154 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $81.50, for a total value of $175,551.00. Following the completion of the sale, the chief financial officer now owns 33,257 shares of the company’s stock, valued at $2,710,445.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.07% of the company’s stock.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of 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 mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.