Media stories about Microchip Technology (NASDAQ:MCHP) have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Microchip Technology earned a coverage optimism score of 1.29 on their scale. InfoTrie also assigned media coverage about the semiconductor company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Microchip Technology’s score:
Microchip Tech (MCHP) Down 1.4% Since Last Earnings Report: Can It Rebound? (zacks.com)
Somewhat Positive Media Coverage Extremely Likely to Impact Microchip Technology (MCHP) Stock Price (americanbankingnews.com)
62 Technology ‘Safer’ Dividend WallStars Light Up December (seekingalpha.com)
20-inch Automotive Touchscreens Enabled by New Single-chip maXTouch® Touchscreen Controllers from Microchip (nasdaq.com)
Operational Amplifier (op amp) Market 2019 Competative Players: Texas Instruments, Analog Devices Inc., Maxim Integrated, Microchip Technology Inc. – Journal of Industry (industryjournal24.com)
Shares of NASDAQ:MCHP opened at $70.26 on Friday. Microchip Technology has a 52-week low of $60.70 and a 52-week high of $104.20. The stock has a market capitalization of $17.62 billion, a PE ratio of 13.54, a PEG ratio of 0.92 and a beta of 1.28. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.04 and a quick ratio of 0.64.
Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.03. Microchip Technology had a return on equity of 35.00% and a net margin of 0.59%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business posted $1.41 earnings per share. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. As a group, equities analysts predict that Microchip Technology will post 5.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st were paid a $0.3645 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.08%. This is a boost from Microchip Technology’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, November 20th. Microchip Technology’s dividend payout ratio (DPR) is presently 28.13%.
A number of equities research analysts have commented on the company. Nomura decreased their price target on Microchip Technology from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, August 10th. BidaskClub cut Microchip Technology from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Needham & Company LLC decreased their price target on Microchip Technology from $130.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Monday, August 13th. ValuEngine cut Microchip Technology from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 18th. Finally, JPMorgan Chase & Co. decreased their price target on Microchip Technology from $125.00 to $113.00 and set an “overweight” rating for the company in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $104.42.
In related news, VP Stephen V. Drehobl sold 4,271 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $72.06, for a total transaction of $307,768.26. Following the sale, the vice president now directly owns 17,173 shares of the company’s stock, valued at $1,237,486.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James Eric Bjornholt sold 1,866 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $72.06, for a total value of $134,463.96. The disclosure for this sale can be found here. Company insiders own 2.13% of the company’s stock.
Microchip Technology Company Profile
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity.
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