Microchip Technology (NASDAQ:MCHP) Issues Q1 Earnings Guidance

Microchip Technology (NASDAQ:MCHP) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $0.48-0.56 for the period, compared to the consensus EPS estimate of $0.58. The company issued revenue guidance of $1.22-1.26 billion, compared to the consensus revenue estimate of $1.33 billion. Microchip Technology also updated its Q1 2025 guidance to 0.480-0.560 EPS.

Microchip Technology Stock Up 0.0 %

Shares of NASDAQ:MCHP traded up $0.04 on Thursday, hitting $92.03. 394,126 shares of the company’s stock were exchanged, compared to its average volume of 5,576,779. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 0.98. Microchip Technology has a 1-year low of $68.75 and a 1-year high of $96.14. The company has a market capitalization of $49.73 billion, a PE ratio of 21.38, a P/E/G ratio of 2.79 and a beta of 1.60. The firm’s 50-day moving average is $88.45 and its 200 day moving average is $85.37.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. Microchip Technology had a net margin of 27.59% and a return on equity of 45.59%. The firm’s revenue was down 40.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 earnings per share. Sell-side analysts predict that Microchip Technology will post 4.64 EPS for the current year.

Microchip Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.452 per share. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.81 annualized dividend and a dividend yield of 1.96%. Microchip Technology’s dividend payout ratio (DPR) is presently 42.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MCHP shares. Truist Financial boosted their price target on Microchip Technology from $93.00 to $96.00 and gave the company a buy rating in a research report on Tuesday. Stifel Nicolaus upped their price target on Microchip Technology from $98.00 to $102.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Susquehanna increased their price target on Microchip Technology from $100.00 to $105.00 and gave the stock a positive rating in a report on Tuesday. The Goldman Sachs Group upped their price objective on shares of Microchip Technology from $77.00 to $88.00 and gave the stock a neutral rating in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a buy rating and set a $100.00 price target on shares of Microchip Technology in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $98.47.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 1,970 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $83.90, for a total value of $165,283.00. Following the completion of the sale, the chief financial officer now directly owns 32,893 shares of the company’s stock, valued at $2,759,722.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.07% of the company’s stock.

Microchip Technology Company Profile

Microchip Technology Incorporated develops, manufactures, and sells 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 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.