MCHP (NASDAQ:MCHP) Initiated by UBS Group AG to Neutral

MCHP stock has undergone multiple analysts rating changes in the recent past.  MCHP Initiated by UBS Group AG on 10/13/2021. In a note to investors, the firm issued a new rating of Neutral. The analysts previously had rating of No Rating.

Shares of MCHP traded on Tuesday, reaching $70.50. 11201 shares of the stock traded hands, compared to its average volume of 1916342. Shares of MCHP were trading at $70.50 on Tuesday. The firm’s 50 day moving average is $153.35 and its 200 day moving average is $150.08.MCHP has a 12 month low of $139.72 and a 12 month high of $166.67. While on yearly highs and lows, MCHP’s today has traded high as $145.65 and has touched $139.72 on the downward trend. See More Analyst Rating at: RATING

MCHP Earnings and What to expect: 

Microchip Technology last released its earnings data on August 3rd, 2021. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. Microchip Technology has generated $5.86 earnings per share over the last year ($1.70 diluted earnings per share) and currently has a price-to-earnings ratio of 82.9. Earnings for Microchip Technology are expected to grow by 7.14% in the coming year, from $7.84 to $8.40 per share. Microchip Technology has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Microchip Technology are expected to grow by 7.14% in the coming year, from $7.84 to $8.40 per share. The P/E ratio of Microchip Technology is 82.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Microchip Technology is 82.94, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.02. Microchip Technology has a PEG Ratio of 1.11. PEG Ratios above 1 indicate that a company could be overvalued. Microchip Technology has a P/B Ratio of 7.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

MCHP (NASDAQ:MCHP) Moving Average Technical Analysis

5 day Moving Average is $145.61 And 5 day price change is -$7.03 (-4.75%)  with average volume for 5 day average is 1,826,020. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $154.93 and 20 day price change is -$19.66 (-12.24%) and average 20 day moving volume is 2,097,095. 50 day moving average is $153.35  and 50 day price change is -$4.00 ( -2.76%)  and with average volume for 50 days is : 1,957,210. 200 day moving average is $150.08  and 200 day price change is $4.22 (3.09%)  and with average volume for 200 days is : 1,957,085.

Other owners latest trading in MCHP :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 425 which equates to market value of $65K and appx 0.00% owners of MCHP
  • On 10/12/2021 shares held by Green Alpha Advisors LLC were 6,625 which equates to market value of $1.02M and appx 0.70% owners of MCHP
  • On 10/12/2021 shares held by Wesbanco Bank Inc. were 75,360 which equates to market value of $11.57M and appx 0.40% owners of MCHP
  • In total Institutional ownership equates to Institutional Ownership Percentage: 89.22% for MCHP

See More Analyst Rating at: RATING