Microchip Technology Incorporated [NASDAQ: MCHP] stock went on a downward path that fall over -0.39% on Tuesday, amounting to a one-week price decrease of less than -0.31%. The company report on October 20, 2020 that Microchip Announces Microcontrollers that Solve Tough Analog System Design Challenges.
Adds MCUs that integrate configurable analog and digital peripherals supported by mixed-signal development environment.
Sensor-based Internet of Things (IoT) applications rely on a combination of analog functionality and digital control capability to meet a challenging list of requirements including low cost, small size, performance and low power. Addressing this challenge through a focus on increased microcontroller (MCU) integration, Microchip Technology Inc. (Nasdaq: MCHP) today announced the PIC18-Q41 and AVR DB MCU families that are the first to combine advanced analog peripherals and multi-voltage operation with inter-peripheral connections for increased system integration and reduced signal acquisition times, and offer the convenience and efficiency of operating in a single design environment.
Over the last 12 months, MCHP stock rose by 13.76%. The one-year Microchip Technology Incorporated stock forecast points to a potential upside of 6.72. The average equity rating for MCHP stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $28.21 billion, with 247.70 million shares outstanding and 247.08 million shares in the current float. Compared to the average trading volume of 2.16M shares, MCHP stock reached a trading volume of 1231356 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Microchip Technology Incorporated [MCHP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MCHP shares is $119.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MCHP stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Microchip Technology Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 19, 2020. While these analysts kept the previous recommendation, Cowen dropped their target price from $110 to $102. The new note on the price target was released on August 05, 2020, representing the official price target for Microchip Technology Incorporated stock. Previously, the target price had yet another raise to $120, while Loop Capital analysts kept a Buy rating on MCHP stock. On June 16, 2020, analysts increased their price target for MCHP shares from 81 to 109.
The Average True Range (ATR) for Microchip Technology Incorporated is set at 3.04, with the Price to Sales ratio for MCHP stock in the period of the last 12 months amounting to 5.36. The Price to Book ratio for the last quarter was 5.01, with the Price to Cash per share for the same quarter was set at 1.50. Price to Free Cash Flow for MCHP in the course of the last twelve months was 22.42 with Quick ratio for the last quarter at 0.60.
MCHP Stock Performance Analysis:
Microchip Technology Incorporated [MCHP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. With this latest performance, MCHP shares gained by 12.92% in over the last four-week period, additionally plugging by 40.74% over the last 6 months – not to mention a rise of 13.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MCHP stock in for the last two-week period is set at 58.13, with the RSI for the last a single of trading hit 59.77, and the three-weeks RSI is set at 57.22 for Microchip Technology Incorporated [MCHP]. The present Moving Average for the last 50 days of trading for this stock 105.84, while it was recorded at 111.16 for the last single week of trading, and 96.93 for the last 200 days.
Insight into Microchip Technology Incorporated Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Microchip Technology Incorporated [MCHP] shares currently have an operating margin of +13.15 and a Gross Margin at +42.63. Microchip Technology Incorporated’s Net Margin is presently recorded at +10.82.
Return on Total Capital for MCHP is now 4.50, given the latest momentum, and Return on Invested Capital for the company is 3.96. Return on Equity for this stock inclined to 10.50, with Return on Assets sitting at 3.19. When it comes to the capital structure of this company, Microchip Technology Incorporated [MCHP] has a Total Debt to Total Equity ratio set at 172.26. Additionally, MCHP Total Debt to Total Capital is recorded at 63.27, with Total Debt to Total Assets ending up at 55.21. Long-Term Debt to Equity for the company is recorded at 160.56, with the Long-Term Debt to Total Capital now at 58.97.
Reflecting on the efficiency of the workforce at the company, Microchip Technology Incorporated [MCHP] managed to generate an average of $31,700 per employee. Receivables Turnover for the company is 5.81 with a Total Asset Turnover recorded at a value of 0.29.Microchip Technology Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.
MCHP Stock EPS
With the latest financial reports released by the company, Microchip Technology Incorporated posted 1.43/share EPS, while the average EPS was predicted by analysts to be reported at 1.43/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MCHP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Microchip Technology Incorporated go to 7.00%.
Microchip Technology Incorporated [MCHP] Insider Position Details
There are presently around $27,869 million, in the hands of institutional investors. The top three institutional holders of MCHP stocks are: VANGUARD GROUP INC with ownership of 29,170,294, which is approximately -0.744% of the company’s market cap and around 2.20% of the total institutional ownership; DODGE & COX, holding 25,010,629 shares of the stock with an approximate value of $2.78 billion in MCHP stocks shares; and BLACKROCK INC., currently with $2.12 billion in MCHP stock with ownership of nearly 8.257% of the company’s market capitalization.
Positions in Microchip Technology Incorporated stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 354 institutional holders increased their position in Microchip Technology Incorporated [NASDAQ:MCHP] by around 14,428,525 shares. Additionally, 386 investors decreased positions by around 18,038,906 shares, while 125 investors held positions by with 218,082,496 shares. The mentioned changes placed institutional holdings at 250,549,927 shares, according to the latest SEC report filing. MCHP stock had 105 new institutional investments in for a total of 2,784,926 shares, while 75 institutional investors sold positions of 2,764,245 shares during the same period.