Markets

Stock in the Spotlight: Microchip Technology Inc. (MCHP)

Microchip Technology Inc. (MCHP) plummeted -0.88 percent and ended the day at $73.41. The Average Volume of the company is 3.46 Million and P/E (price to earnings) ratio is 179.93, while Forward P/E ratio is 16.3.

Needham Upgrade its coverage for Microchip Technology Inc. (MCHP) in a note sent to investors on 8-Feb-17. The research firm Upgrade the stock to Strong Buy. Moreover, BofA/Merrill issued Upgrade rating for the stock on 8-Nov-16. Goldman also Upgrade the company to Neutral on 4-Nov-16, 2016. Additionally, Mizuho Initiated its ratings on the stock to Neutral.

The highest price MCHP stock touched in the last 12 month was $76.12 and the lowest price it hit in the same period was $45.87. The stock has a Return on Assets of 1.4 percent, Return on Investment of 8.6 percent and a Return on Equity of 3.9 percent. The company’s market cap is $15.89 Billion.

Microchip Technology Inc. (MCHP)’s growth estimate is 51.4 percent for the current quarter. The growth estimate for the next quarter is 32.1 percent. The company’s stock has climbed 15.48 percent in the past five year. The company is expected to grow by 22.31 percent over the next five years.

Microchip Technology Inc. (MCHP) has been given an average price target of $85.12 from analysts, according to data collected by Finviz.

Now we look at the Moving Averages, the 200-day is 16.27, the 50-day is 1.51 and the 20-day is -0.29. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $1.15 per share for the current quarter. Revenue is expected in between 897.57 Million and 889.73 Million with an average of 890.81 Million.

Microchip Technology Inc. (MCHP) has a mean recommendation of 1.55, according to data compiled by Zacks Investment Research. The recommendation scale measures the value from 1 to 5, where 1 means ‘’Strong Buy’’ and 5 stands for ’’Sell’’.

Microchip Technology Inc. (MCHP) performance during the last one year Improved 55.35 percent, while its year to date (YTD) performance showed a Positive trend of 15.01 percent. The stock Jumped 19.54 percent over the past six months. The stock’s quarterly performance indicates a Positive momentum of 14.53 percent, whereas its last one month trend is Pessimistic with -0.73 percent. Its weekly performance showed a upward trend of 0.27 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 3.1 percent, operating profit margin was 6.6 percent, whereas gross profit margin stands at 49.9 percent. Beta factor was calculated at 1.12.

Microchip Technology Inc. (MCHP) has 214.85 Million shares outstanding and 211.23 Million shares were floated in market. The short ratio in the company’s stock is documented at 6.7 and the short float is around of 10.96%. The stock’s average true range of stands at 1.23, while the relative strength index is 51.92.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 1.9, current ratio was 2.6, LT Debt/Equity ratio was 1.22 and Total Debt/Equity ratio was 1.22.