Key Details
Price
$57.75Last Dividend
$0.46Annual ROE
28.96%Beta
1.77Events Calendar
Next earnings date:
Jan 31, 2025Recent quarterly earnings:
Nov 05, 2024Recent annual earnings:
May 06, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 22, 2024Next split:
N/ARecent split:
Oct 13, 2021Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
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Institutional Ownership
Delaware Funds by Macquarie, an investment management firm, published its Q3 2024 investor letter for the "Delaware Ivy Core Equity Fund." You can download the letter here. The S&P 500® Index increased by 5.9% in the third quarter, showing ongoing growth in the US large-cap equity market.
MCHP's MTCH2120 touch controller provides energy-efficient and water-resistant functionality, working seamlessly with a complete ecosystem to accelerate development and reduce time to market.
Even though MCHP is growing its range of products in medical imaging and smart robotics, the decreased demand makes investing in the stock a risky choice.
On Tuesday, December 3, the S&P 500 rose by just under 0.1% due to an unexpected increase in job openings, indicating a strong labor market.
Mar Vista Investment Partners, LLC, an investment management firm, published their investor letter for the "Strategic Growth Strategy" for the third quarter of 2024. You can download the letter here. The U.S. stock market performed well again in the third quarter of 2024, with the S&P 500® Index increasing for the fourth straight quarter, a rare occurrence.
MCHP is facing challenges due to low demand and costs related to restructuring, but they have updated their forecasts and are working on restructuring plans to help improve the situation.
The stock price of Microchip is still in a tough bear market, having dropped nearly 30% from its peak this year. Currently, MCHP shares are priced at $70.3, which is around 13% higher than their lowest point this year.
On Monday, Microchip Technology reduced its revenue expectations for the third quarter and revealed plans to shut down its wafer manufacturing plant in Arizona. This decision comes as the company aims to reorganize under the leadership of interim CEO Steve Sanghi.
CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a top supplier of smart and secure embedded control solutions, has revised its revenue expectations downwards for the December 2024 quarter and revealed plans for restructuring its manufacturing operations.
CHANDLER, Ariz., Nov. 18, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a top provider of smart and secure embedded control solutions, has announced that Ganesh Moorthy will retire as CEO, President, and Board member due to his upcoming 65th birthday at the end of November. The Board has named Steve Sanghi as the interim CEO and President starting today. Mr. Sanghi will continue to serve as the Chair of the Board.
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