Brokerages predict that Microchip Technology Incorporated (NASDAQ:MCHP) will post $1.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Microchip Technology’s earnings. The lowest EPS estimate is $1.73 and the highest is $1.75. Microchip Technology reported earnings per share of $1.46 during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 6th.
On average, analysts expect that Microchip Technology will report full-year earnings of $6.47 per share for the current financial year, with EPS estimates ranging from $6.46 to $6.49. For the next year, analysts expect that the business will report earnings of $7.45 per share, with EPS estimates ranging from $6.97 to $7.80. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Microchip Technology.
Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 4th. The semiconductor company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.45 by $0.17. Microchip Technology had a net margin of 11.62% and a return on equity of 25.02%.
Shares of NASDAQ:MCHP traded down $4.24 during midday trading on Thursday, hitting $150.95. The stock had a trading volume of 15,653 shares, compared to its average volume of 2,239,196. The company’s 50-day moving average price is $149.28 and its 200-day moving average price is $125.35. The company has a market capitalization of $40.65 billion, a P/E ratio of 66.32, a price-to-earnings-growth ratio of 1.74 and a beta of 1.69. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 1.50. Microchip Technology has a fifty-two week low of $53.15 and a fifty-two week high of $166.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 8th. Shareholders of record on Monday, February 22nd will be issued a dividend of $0.39 per share. This is an increase from Microchip Technology’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, February 19th. This represents a $1.56 annualized dividend and a yield of 1.03%. Microchip Technology’s dividend payout ratio is presently 28.38%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCHP. Catalyst Capital Advisors LLC acquired a new position in Microchip Technology during the fourth quarter worth $25,000. First PREMIER Bank acquired a new position in Microchip Technology during the fourth quarter worth $28,000. Lloyd Advisory Services LLC. acquired a new position in Microchip Technology during the third quarter worth $30,000. Dimension Capital Management LLC purchased a new stake in shares of Microchip Technology in the third quarter valued at about $34,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Microchip Technology in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 94.10% of the company’s stock.
Microchip Technology Company Profile
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors; and microcontrollers for automotive, industrial, aerospace, office communication, and computing applications.
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