Microchip Technology (NASDAQ:MCHP) Updates Q3 Earnings Guidance

Microchip Technology (NASDAQ:MCHPGet Free Report) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.25-0.35 for the period, compared to the consensus earnings per share estimate of $0.46. The company issued revenue guidance of $1.025-1.095 billion, compared to the consensus revenue estimate of $1.18 billion. Microchip Technology also updated its Q3 2025 guidance to 0.250-0.350 EPS.

Wall Street Analysts Forecast Growth

MCHP has been the topic of a number of recent research reports. Piper Sandler dropped their target price on Microchip Technology from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Microchip Technology from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. TD Cowen reduced their target price on shares of Microchip Technology from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com downgraded shares of Microchip Technology from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Mizuho set a $95.00 price target on shares of Microchip Technology in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Check Out Our Latest Report on MCHP

Microchip Technology Stock Performance

Shares of NASDAQ:MCHP traded down $1.93 on Friday, hitting $72.41. The company had a trading volume of 890,641 shares, compared to its average volume of 5,942,911. The stock has a 50 day moving average price of $77.05 and a 200 day moving average price of $85.12. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.96. The stock has a market cap of $38.85 billion, a price-to-earnings ratio of 51.99 and a beta of 1.53. Microchip Technology has a 1-year low of $71.76 and a 1-year high of $100.57.

Microchip Technology (NASDAQ:MCHPGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Microchip Technology had a net margin of 20.80% and a return on equity of 28.33%. The business’s revenue was down 48.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS. Analysts expect that Microchip Technology will post 1.73 EPS for the current year.

Microchip Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.51%. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, November 22nd. Microchip Technology’s dividend payout ratio is currently 126.57%.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 2,154 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were 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 approximately $2,710,445.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Microchip Technology Company Profile

(Get Free Report)

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.

Read More

Earnings History and Estimates for Microchip Technology (NASDAQ:MCHP)

Receive News & Ratings for Microchip Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microchip Technology and related companies with MarketBeat.com's FREE daily email newsletter.