Computer and Technology sector’s Microchip Technology’s (NASDAQ:MCHP) Overweight rating Reiterated by Morgan Stanley – 3 stars

Microchip Technology (NASDAQ:MCHP)‘s stock had its Overweight rating Reiterated by analysts at Morgan Stanley – 3 stars in a research report issued to clients and investors. A price-to-earnings ratio of 41.01, market cap of 19.3B and a beta of 1.65.  Microchip Technology has a twelve month low $51.17 of  and a twelve month high of $83.34.

Shares of Microchip Technology traded down -$0.25 on Wednesday, reaching $70.25. 2,123,091 shares of the stock traded hands, compared to its average volume of 3898302. Shares of Microchip Technology at close on Wednesday were at $70.25. The firm’s 50 day moving average is $76.61 and its 200 day moving average is 75.05.Microchip Technology  has a 12 month low of $70.02 and a 12 month high of $83.34. While on yearly highs and lows, Microchip Technology’s today has traded high as $71.61 and has touched $70.02 on the downward trend. See More Analyst Rating at: RATING

Microchip Technology (NASDAQ:MCHP) Moving Average Technical Analysis

5 day Moving Average is 72.08 And 5 day price change is -3.63 (-4.91%)  with average volume for 5 day average is 4,048,300. While technical analysis for average 20 days shows significant difference, 20 day moving average is  76.92 and 20 day price change is -10.85 (-13.37%) and average 20 day moving volume is 4,263,885. 50 day moving average is 76.61  and 50 day price change is -3.16 ( -4.30%)  and with average volume for 50 days is : 3,920,950. 200 day moving average is 75.05  and 200 day price change is 2.13 (0.0312)  and with average volume for 200 days is : 3,930,465.

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Microchip Technology Earnings and What to expect: 

Microchip Technology last posted its quarterly earnings results on August 3rd, 2021. The semiconductor company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The company earned $1.57 billion during 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 41.3. 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 41.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of Microchip Technology is 41.32, 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 39.14. 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 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Other owners latest trading in MCHP :

  • On 10/13/2021 shares held by Crossmark Global Holdings Inc. were 112,726 which equates to market value of $3.69M and appx 0.40% owners of MCHP
  • On 10/13/2021 shares held by CHICAGO TRUST Co NA were 2,453 which equates to market value of $0.38M and appx 0.10% owners of MCHP
  • On 10/13/2021 shares held by Wealth Advisors of Tampa Bay LLC were 15,505 which equates to market value of $2.38M and appx 1.30% owners of MCHP
  • In total Institutional ownership equates to Institutional Ownership Percentage: 89.22% for MCHP

See More Analyst Rating at: RATING