Press coverage about Microchip Technology (NASDAQ:MCHP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microchip Technology earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.9516027411536 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Analysts Expect Microchip Technology Incorporated (MCHP) Will Announce Quarterly Sales of $992.17 Million (americanbankingnews.com)
- Microchip improves response time to critical system events on CAN networks with new 8-bit MCU with Core Independent Peripherals (finance.yahoo.com)
- Snippy Overview on Stocks’s Performances:: Host Hotels & Resorts, Inc. (NYSE:HST), Microchip Technology … – The Stock Street (press release) (thestreetpoint.com)
- Watch Later- Coty Inc. (NYSE:COTY), Microchip Technology … – Market Breaking Point (press release) (journalfinance.net)
- Improve Response Time to Critical System Events on CAN Networks with New 8-Bit MCU with Core Independent … – GlobeNewswire (press release) (globenewswire.com)
Several research analysts have commented on the company. J P Morgan Chase & Co restated an “overweight” rating and set a $120.00 price objective on shares of Microchip Technology in a report on Tuesday, November 7th. Needham & Company LLC increased their target price on Microchip Technology from $120.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (up previously from $94.00) on shares of Microchip Technology in a research report on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating and set a $123.00 target price (up previously from $120.00) on shares of Microchip Technology in a research report on Tuesday, November 7th. Finally, Jefferies Group LLC increased their target price on Microchip Technology from $106.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $99.41.
Microchip Technology (NASDAQ MCHP) traded down $0.57 during trading on Tuesday, hitting $90.45. The stock had a trading volume of 535,431 shares, compared to its average volume of 2,557,513. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.33 and a quick ratio of 2.71. The firm has a market cap of $21,416.38, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Microchip Technology has a 52-week low of $60.77 and a 52-week high of $95.92.
Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Monday, November 6th. The semiconductor company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.14. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Microchip Technology had a return on equity of 35.48% and a net margin of 16.23%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. equities research analysts forecast that Microchip Technology will post 5.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st will be given a $0.3625 dividend. This is a boost from Microchip Technology’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.60%. Microchip Technology’s dividend payout ratio (DPR) is presently 58.00%.
In other Microchip Technology news, VP Stephen V. Drehobl sold 3,076 shares of Microchip Technology stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $81.89, for a total transaction of $251,893.64. Following the completion of the sale, the vice president now owns 14,263 shares of the company’s stock, valued at approximately $1,167,997.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 2,453 shares of Microchip Technology stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $81.89, for a total value of $200,876.17. The disclosure for this sale can be found here. Insiders own 2.13% of the company’s stock.
Microchip Technology Company Profile
Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.
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