Microchip Technology (MCHP) Earns News Sentiment Rating of 0.16

Press coverage about Microchip Technology (NASDAQ:MCHP) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Microchip Technology earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.100494847206 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Microchip Technology traded down $0.25, hitting $94.08, on Wednesday, according to MarketBeat. 1,505,866 shares of the company were exchanged, compared to its average volume of 2,990,730. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.16 and a beta of 1.08. Microchip Technology has a 12 month low of $75.80 and a 12 month high of $101.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.66 and a quick ratio of 1.43.



Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.13. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $984.80 million. Microchip Technology had a return on equity of 38.62% and a net margin of 6.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. sell-side analysts anticipate that Microchip Technology will post 5.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Monday, May 21st will be given a $0.3635 dividend. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.36. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, May 18th.

Several brokerages have recently commented on MCHP. Stifel Nicolaus reiterated an “average” rating and set a $112.00 price objective on shares of Microchip Technology in a research report on Tuesday, March 6th. Goldman Sachs Group upgraded Microchip Technology from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.57 to $108.00 in a research report on Thursday, March 8th. Rosenblatt Securities restated a “buy” rating on shares of Microchip Technology in a research report on Tuesday, March 6th. BidaskClub lowered Microchip Technology from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Mizuho upgraded Microchip Technology from a “neutral” rating to a “buy” rating and raised their price target for the stock from $92.00 to $110.00 in a research report on Monday, March 5th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.61.

In other news, CEO Steve Sanghi sold 20,124 shares of Microchip Technology stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $94.80, for a total value of $1,907,755.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James Eric Bjornholt sold 2,109 shares of Microchip Technology stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $84.18, for a total value of $177,535.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,671 shares of company stock worth $3,787,776. Corporate insiders own 2.13% of the company’s stock.

About Microchip Technology

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity.

Insider Buying and Selling by Quarter for Microchip Technology (NASDAQ:MCHP)

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