A gap is a change in price levels of a stock between the close of one session and the opening of the next one. (NASDAQ:MCHP) for 5,579 shares. The brokerage now has $75.00 target price on the stock.
Several other equities research analysts also recently commented on MCHP. The stock has "Buy" rating given by Needham on Tuesday, November 8.
When we look at the Analyst Recommendations of the stock, the company has 2.08 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. The company presently has an average rating of "Buy" and a consensus target price of $63.14. Microchip Technology Inc. are listed in the Technology sector within NASDAQ. Of Toledo Na Oh last reported 60,880 shares in the company. The 1 year high for the stock price is 65.61 United States dollars while the 52 week low for the stock is 39.01 USD. The stock has a market capitalization of $13.40 billion, a PE ratio of 167.74 and a beta of 1.04. The firm's 50-day moving average is $60.53 and its 200-day moving average is $55.51. Microchip Technology Inc. (NASDAQ:MCHP) has risen 23.78% since April 5, 2016 and is uptrending.
Out of 12 analysts covering Microchip Technology (NASDAQ:MCHP), 9 rate it a "Buy", 0 "Sell", while 3 "Hold". The business had revenue of $873.80 million for the quarter, compared to the consensus estimate of $860.96 million. The ratio increased, as 30 funds sold all Microchip Technology Inc. shares owned while 163 reduced positions. This hints toward a 12.82% annual growth as the company reported $0.78 in EPS for the same quarter previous year. On average, analysts expect that Microchip Technology will post $3.42 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, December 5th. "Our Bodis happy to declare an raise in our quarterly dividend to a record 36.05 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders". Volatility for the week appears to be 2.17% in conjunction with the Volatility for the month at 1.91%. Miller Howard Invs Inc Ny holds 1.31% of its portfolio in Microchip Technology Inc. Shares for $148,030 were sold by LITTLE MITCHELL R. Cibc Asset Mngmt Incorporated accumulated 21,233 shares or 0.01% of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steve Sanghi sold 60,129 shares of the firm's stock in a transaction that occurred on Thursday, August 11th. The disclosure for this sale can be found here. Eventually, Microchip Technology Inc. Mizuho Asset Management Co. The stock had a trading volume of 1,947,939 shares. Kayne Anderson Rudnick Investment Management LLC increased its stake in Microchip Technology by 18.2% in the third quarter. California State Teachers Retirement System now owns 448,840 shares of the company's stock worth $27,891,000 after buying an additional 3,800 shares during the last quarter.
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Microchip Technology Inc.
The company said its bottom line came in at $219.61 million, or $0.94 per share.
The share price of Microchip Technology Incorporated (NASDAQ:MCHP) was up +2.78% during the last trading session, with a day high of 0.00. The Firm operates through two divisions: semiconductor products and technology licensing. The Company's product portfolio consists of general goal and specialized 8-bit 16-bit and 32-bit microcontrollers; linear mixed-signal power management; thermal management; Radio-frequency (RF) safety security wired connectivity and wireless connectivity devices as well as serial EEPROMs Serial Flash memories Parallel Flash memories and serial Static Random Access Memory (SRAM).