Microchip Technology (MCHP) Projected to Post Earnings on Thursday

Microchip Technology (NASDAQ:MCHP) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Microchip Technology to post earnings of $0.28 per share and revenue of $1.05 billion for the quarter. Microchip Technology has set its Q3 guidance at $0.25-0.35 EPS and its Q3 2025 guidance at 0.250-0.350 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Microchip Technology had a return on equity of 19.47% and a net margin of 14.22%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.54 earnings per share. Microchip Technology’s revenue was down 48.4% on a year-over-year basis. On average, analysts expect Microchip Technology to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Microchip Technology Trading Down 0.4 %

Shares of MCHP opened at $56.03 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 0.71. The company has a market cap of $30.09 billion, a P/E ratio of 39.18 and a beta of 1.52. Microchip Technology has a twelve month low of $54.47 and a twelve month high of $100.57. The company’s fifty day simple moving average is $59.95 and its 200-day simple moving average is $71.83.

Microchip Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.25%. This is an increase from Microchip Technology’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, November 22nd. Microchip Technology’s dividend payout ratio is presently 127.27%.

Analysts Set New Price Targets

MCHP has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Microchip Technology from $72.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, January 10th. B. Riley cut their price target on shares of Microchip Technology from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup decreased their price objective on shares of Microchip Technology from $92.00 to $82.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group lowered their price objective on shares of Microchip Technology from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price objective on Microchip Technology from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $84.00.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.