Microchip Technology, Inc (NASDAQ:MCHP) currently has a daily average trading volume of 12.16M but it saw 6570281 shares traded in last market. With a market cap of 31.34B USD, the company’s current market price of $58.11 came rising about 1.13 while comparing to the previous closing price of $57.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $98.10 and as low as $34.12.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which upgraded the stock as “Neutral” in its note to investors issued on May 09, 2025, recommending a price target of $56 for it. Truist issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $43 and $52.
Over the week, MCHP’s stock price is moving -1.92% down while it is 26.55% when we observe its performance for the past one month. Year-to-date it is 1.33% up and over the past year, the stock is showing a downside performance of -40.84%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.23 while estimate for next year EPS is 1.39. In next quarter, company is expected to be making quarterly sales of $1.11B as analysts are expecting the sales for current fiscal year at $4.56B and seeing the company making $5.57B in sales next year. Moreover, analysts are in estimates of $1.05B for current-quarter revenue.
Currently, Microchip Technology, Inc’s total number of outstanding shares is 538.70M with 2.10% of that held by the insiders while 100.66% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.02% and return on equity (ROE) at -0.01%. It has a 22.95 of forward P/E ratio. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 4.42 while price to sale or P/S ratio amounts to 7.12. Its return on asset (ROA) is -0.00% on average.
