Microchip Technology (MCHP) Expected to Announce Earnings on Thursday

Microchip Technology (NASDAQ:MCHP) is expected to be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce 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.Parties that wish to register for the company’s conference call can do so using this link.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Microchip Technology had a return on equity of 19.47% and a net margin of 14.22%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $1.54 EPS. The firm’s quarterly 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 Stock Down 0.4 %

MCHP stock opened at $56.03 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.48. Microchip Technology has a 1-year low of $54.47 and a 1-year high of $100.57. The stock has a market capitalization of $30.09 billion, a P/E ratio of 39.18 and a beta of 1.52. The business has a fifty day moving average price of $59.95 and a 200-day moving average price of $71.83.

Microchip Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.82 annualized dividend and a yield of 3.25%. This is a boost from Microchip Technology’s previous quarterly dividend of $0.45. Microchip Technology’s dividend payout ratio is currently 127.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MCHP shares. Rosenblatt Securities reissued a “buy” rating and set a $90.00 price objective on shares of Microchip Technology in a report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Microchip Technology in a research report on Tuesday, December 3rd. TD Cowen cut their target price on shares of Microchip Technology from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Evercore ISI reaffirmed an “outperform” rating and set a $95.00 target price (down from $101.00) on shares of Microchip Technology in a report on Wednesday, November 6th. Finally, Bank of America cut shares of Microchip Technology from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $80.00 to $65.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $84.00.

About Microchip Technology

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.