Brokerages expect that Microchip Technology Incorporated (NASDAQ:MCHP) will report earnings of $1.35 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Microchip Technology’s earnings, with the highest EPS estimate coming in at $1.37 and the lowest estimate coming in at $1.35. Microchip Technology posted earnings per share of $1.05 in the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The company is scheduled to report its next earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Microchip Technology will report full year earnings of $5.45 per share for the current year, with EPS estimates ranging from $5.39 to $5.51. For the next year, analysts expect that the firm will report earnings of $5.87 per share, with EPS estimates ranging from $5.56 to $6.16. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Microchip Technology.
Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Monday, November 6th. The semiconductor company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.14. Microchip Technology had a return on equity of 35.48% and a net margin of 16.23%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. Microchip Technology’s revenue was up 16.2% compared to the same quarter last year.
Microchip Technology (NASDAQ:MCHP) traded down $0.70 during midday trading on Friday, reaching $86.30. The company had a trading volume of 2,514,452 shares, compared to its average volume of 2,535,536. The stock has a market capitalization of $20,080.00, a P/E ratio of 18.43, a PEG ratio of 1.39 and a beta of 0.99. The company has a quick ratio of 2.71, a current ratio of 3.33 and a debt-to-equity ratio of 0.85. Microchip Technology has a 12 month low of $62.21 and a 12 month high of $95.92.
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 represents a $1.45 annualized dividend and a dividend yield of 1.68%. This is an increase from Microchip Technology’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, November 20th. Microchip Technology’s payout ratio is presently 58.00%.
In other news, VP Stephen V. Drehobl sold 2,852 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $91.66, for a total value of $261,414.32. Following the transaction, the vice president now directly owns 15,767 shares in the company, valued at $1,445,203.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 1,801 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $91.66, for a total value of $165,079.66. The disclosure for this sale can be found here. 2.13% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Grove Bank & Trust lifted its position in shares of Microchip Technology by 15.8% in the second quarter. Grove Bank & Trust now owns 1,390 shares of the semiconductor company’s stock valued at $107,000 after acquiring an additional 190 shares in the last quarter. Zions Bancorporation lifted its position in shares of Microchip Technology by 215.5% in the third quarter. Zions Bancorporation now owns 1,224 shares of the semiconductor company’s stock worth $110,000 after buying an additional 836 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of Microchip Technology in the third quarter worth about $121,000. Smithfield Trust Co. lifted its position in shares of Microchip Technology by 0.4% in the second quarter. Smithfield Trust Co. now owns 1,626 shares of the semiconductor company’s stock worth $126,000 after buying an additional 7 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Microchip Technology in the third quarter worth about $146,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Microchip Technology Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Microchip Technology Incorporated and related companies.