Microchip Technology, Inc. (NASDAQ: MCHP) kicked off on Friday, up 2.31% from the previous trading day, before settling in for the closing price of $89.43. Over the past 52 weeks, MCHP has traded in a range of $68.75-$100.57.
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Technology Sector giant saw their annual sales surged by 8.26% over the last five years. While this was happening, its average annual earnings per share was recorded -46.21%. With a float of $525.62 million, this company’s outstanding shares have now reached $536.66 million.
The firm has a total of 22300 workers. Let’s measure their productivity.
Microchip Technology, Inc. (MCHP) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Microchip Technology, Inc. is 2.10%, while institutional ownership is 93.97%. The most recent insider transaction that took place on Jun 10 ’24, was worth 257,982. In this transaction Director of this company sold 2,748 shares at a rate of $93.88, taking the stock ownership to the 35,682 shares. Before that another transaction happened on May 31 ’24, when Company’s Director sold 227 for $97.00, making the entire transaction worth $22,019. This insider now owns 1,470 shares in total.
Microchip Technology, Inc. (MCHP) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -46.21% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.30% during the next five years compared to 37.42% growth over the previous five years of trading.
Microchip Technology, Inc. (NASDAQ: MCHP) Trading Performance Indicators
Take a look at Microchip Technology, Inc.’s (MCHP) current performance indicators. Last quarter, stock had a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.43. Likewise, its price to free cash flow for the trailing twelve months is 18.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.47, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 4.27 in one year’s time.
Technical Analysis of Microchip Technology, Inc. (MCHP)
Analysing the last 5-days average volume posted by the [Microchip Technology, Inc., MCHP], we can find that recorded value of 6.65 million was better than the volume posted last year of 5.79 million. As of the previous 9 days, the stock’s Stochastic %D was 39.09%. Additionally, its Average True Range was 2.50.
During the past 100 days, Microchip Technology, Inc.’s (MCHP) raw stochastic average was set at 56.05%, which indicates a significant increase from 41.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.49% in the past 14 days, which was higher than the 32.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $92.50, while its 200-day Moving Average is $85.80. Now, the first resistance to watch is $92.57. This is followed by the second major resistance level at $93.64. The third major resistance level sits at $94.90. If the price goes on to break the first support level at $90.24, it is likely to go to the next support level at $88.97. Now, if the price goes above the second support level, the third support stands at $87.90.
Microchip Technology, Inc. (NASDAQ: MCHP) Key Stats
The company with the Market Capitalisation of 49.13 billion has total of 536,886K Shares Outstanding. Its annual sales at the moment are 7,634 M in contrast with the sum of 1,907 M annual income. Company’s last quarter sales were recorded 1,326 M and last quarter income was 154,700 K.
