On Friday, Microchip Technology, Inc (NASDAQ: MCHP) opened lower -0.86% from the last session, before settling in for the closing price of $55.99. Price fluctuations for MCHP have ranged from $55.90 to $100.57 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 8.26%. Company’s average yearly earnings per share was noted -67.48% at the time writing. With a float of $525.59 million, this company’s outstanding shares have now reached $537.01 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Microchip Technology, Inc is 2.13%, while institutional ownership is 94.53%. 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) Earnings and Forecasts
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 -67.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.80% 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
Check out the current performance indicators for Microchip Technology, Inc (MCHP). In the past quarter, the stock posted a quick ratio of 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.38. Likewise, its price to free cash flow for the trailing twelve months is 19.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.43, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 2.42 in one year’s time.
Technical Analysis of Microchip Technology, Inc (MCHP)
Looking closely at Microchip Technology, Inc (NASDAQ: MCHP), its last 5-days average volume was 13.24 million, which is a jump from its year-to-date volume of 6.35 million. As of the previous 9 days, the stock’s Stochastic %D was 2.65%. Additionally, its Average True Range was 2.44.
During the past 100 days, Microchip Technology, Inc’s (MCHP) raw stochastic average was set at 0.70%, which indicates a significant decrease from 1.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.55% in the past 14 days, which was higher than the 44.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.64, while its 200-day Moving Average is $82.17. However, in the short run, Microchip Technology, Inc’s stock first resistance to watch stands at $56.63. Second resistance stands at $57.75. The third major resistance level sits at $58.43. If the price goes on to break the first support level at $54.83, it is likely to go to the next support level at $54.15. Should the price break the second support level, the third support level stands at $53.03.
Microchip Technology, Inc (NASDAQ: MCHP) Key Stats
There are currently 537,010K shares outstanding in the company with a market cap of 29.55 billion. Presently, the company’s annual sales total 7,634 M according to its annual income of 1,907 M. Last quarter, the company’s sales amounted to 1,164 M and its income totaled 78,400 K.
