Microchip Technology, Inc (NASDAQ: MCHP) kicked off on Monday, up 3.14% from the previous trading day, before settling in for the closing price of $68.17. Over the past 52 weeks, MCHP has traded in a range of $62.62-$100.57.
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Annual sales at Technology sector company grew by 8.26% over the past five years. While this was happening, its average annual earnings per share was recorded -67.25%. With a float of $525.57 million, this company’s outstanding shares have now reached $537.01 million.
Let’s look at the performance matrix of the company that is accounted for 22300 employees. In terms of profitability, gross margin is 58.08%, operating margin of 20.64%, and the pretax margin is 17.05%.
Microchip Technology, Inc (MCHP) Insider Updates
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 2.13%, while institutional ownership is 94.56%. The most recent insider transaction that took place on Nov 25 ’24, was worth 317,612. In this transaction SENIOR VP AND CFO of this company sold 4,688 shares at a rate of $67.75, taking the stock ownership to the 33,272 shares. Before that another transaction happened on Nov 25 ’24, when Company’s Officer proposed sale 4,688 for $67.65, making the entire transaction worth $317,121.
Microchip Technology, Inc (MCHP) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1.08 earnings per share (EPS), higher than consensus estimate (set at 1.06) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -67.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% 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 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.87. Likewise, its price to free cash flow for the trailing twelve months is 24.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.43, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 2.51 in one year’s time.
Technical Analysis of Microchip Technology, Inc (MCHP)
Microchip Technology, Inc (NASDAQ: MCHP) saw its 5-day average volume 7.53 million, a positive change from its year-to-date volume of 6.08 million. As of the previous 9 days, the stock’s Stochastic %D was 71.76%. Additionally, its Average True Range was 2.48.
During the past 100 days, Microchip Technology, Inc’s (MCHP) raw stochastic average was set at 22.37%, which indicates a significant decrease from 90.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.42% in the past 14 days, which was lower than the 43.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.75, while its 200-day Moving Average is $83.92. Nevertheless, the first resistance level for the watch stands at $71.57 in the near term. At $72.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $74.62. If the price goes on to break the first support level at $68.52, it is likely to go to the next support level at $66.73. Assuming the price breaks the second support level, the third support level stands at $65.47.
Microchip Technology, Inc (NASDAQ: MCHP) Key Stats
The company with the Market Capitalisation of 37.76 billion has total of 537,010K 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 1,164 M and last quarter income was 78,400 K.
