On Monday, Microchip Technology, Inc (NASDAQ: MCHP) was 0.31% up from the session before settling in for the closing price of $51.89. A 52-week range for MCHP has been $50.21 – $100.57.
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
Annual sales at Technology sector company grew by 8.26% over the past five years. When this article was written, the company’s average yearly earnings per share was at -73.61%. With a float of $525.31 million, this company’s outstanding shares have now reached $537.76 million.
Let’s look at the performance matrix of the company that is accounted for 22300 employees. In terms of profitability, gross margin is 55.37%, operating margin of 13.37%, and the pretax margin is 8.55%.
Microchip Technology, Inc (MCHP) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Microchip Technology, Inc stocks. The insider ownership of Microchip Technology, Inc is 2.33%, while institutional ownership is 95.30%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -73.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -19.94% 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
You can see what Microchip Technology, Inc (MCHP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.88. Likewise, its price to free cash flow for the trailing twelve months is 28.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 1.33 in one year’s time.
Technical Analysis of Microchip Technology, Inc (MCHP)
Microchip Technology, Inc (NASDAQ: MCHP) saw its 5-day average volume 12.65 million, a positive change from its year-to-date volume of 9.17 million. As of the previous 9 days, the stock’s Stochastic %D was 26.13%. Additionally, its Average True Range was 2.02.
During the past 100 days, Microchip Technology, Inc’s (MCHP) raw stochastic average was set at 5.85%, which indicates a significant decrease from 19.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.83% in the past 14 days, which was lower than the 36.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $58.24, while its 200-day Moving Average is $77.13. Nevertheless, the first resistance level for the watch stands at $52.96 in the near term. At $53.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $54.64. If the price goes on to break the first support level at $51.28, it is likely to go to the next support level at $50.50. The third support level lies at $49.60 if the price breaches the second support level.
Microchip Technology, Inc (NASDAQ: MCHP) Key Stats
There are 537,010K outstanding shares of the company, which has a market capitalization of 27.99 billion. As of now, sales total 7,634 M while income totals 1,907 M. Its latest quarter income was 1,164 M while its last quarter net income were 78,400 K.
