Higher EPS estimate is noted at $-0.12 while lowest EPS estimate among analysts is targeted at $-0.17. Taking a look into the performance of MCHP stock, investor will come to know that the weekly performance for this stock is valued at 1.00%, resulting in a performance for the month at 3.23%.
The Chandler, AZ-based semiconductor products maker reported Q4 earnings per share (EPS) of $1.16, which was $0.10 better than the Wall Street consensus estimate of $1.06.
For the year, the company reported profit of $164.6 million, or 71 cents per share.
NVDA stock is trading 14% higher this morning at $117.76, after the chipmaker reported solid earnings and gave upbeat current-quarter guidance.
U.S. based company, Microchip Technology Incorporated (MCHP)'s latest closing price distance was 16.67% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 3.22% and 2.18% compared with the 20 Day Moving Average. Microchip Technology had a net margin of 3.10% and a return on equity of 30.26%.
Revenues rose 61.9% from past year to $902.7 million, also beating out analysts' view for $891.14 million. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 52 times since its inception. The firm's revenue for the quarter was up 61.9% compared to the same quarter previous year.
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A number of equities research analysts have commented on the stock. Citigroup Inc set a $85.00 price target on Microchip Technology and gave the company a "buy" rating in a research note on Wednesday, February 8th. LARSON DAVID L sold $148,042 worth of stock or 2,040 shares. The company's stock had a trading volume of 4,629,742 shares. Zacks Investment Research cut shares of Microchip Technology from a "buy" rating to a "hold" rating in a report on Tuesday, January 10th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock was sold at an average price of $72.48, for a total transaction of $185,331.36.
Microchip Technology Incorporated (MCHP) stock price escalated 1.31% to close at $76.45 during recent trade. Commonwealth Bank of Australia now owns 2,135 shares of the semiconductor company's stock valued at $132,000 after buying an additional 404 shares during the last quarter.
The simple 20 day moving average for Microchip Technology Incorporated is 0.63% and the simple 200-day moving average is at 14.99%.
Microchip Technology Inc. (MCHP) has the market capitalization of $16.32 Billion. Microchip Technology Incorporated has a 52-week low of 46.98 and a 52-week high of 77.32. The dividend is payable on June 6, 2017 to stockholders of record on May 23, 2017. This represents a $1.45 annualized dividend and a dividend yield of 1.89%. Five analysts surveyed by Zacks expected $890.5 million. "(MCHP) Will Announce Quarterly Sales of $909.45 Million" was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and republished in violation of U.S. & global copyright & trademark legislation. (NASDAQ:MCHP). Apg Asset Mngmt Nv invested 0.03% in Microchip Technology Inc. (NASDAQ:MCHP) shares were sold by LITTLE MITCHELL R. On Monday, February 13 the insider MEYERCORD WADE F sold $423,940.
Large investors have recently bought and sold shares of the stock. The disclosure for this sale can be found here.
For the current quarter ending in July, Microchip Tech expects its per-share earnings to range from $1.17 to $1.27. Insiders own 2.50% of the company's stock. Following the completion of the sale, the vice president now directly owns 8,201 shares in the company, valued at $604,823.75. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/05/09/microchip-technology-inc-mchp-position-lowered-by-public-employees-retirement-association-of-colorado.html. DnB Asset Management AS raised its stake in shares of Microchip Technology by 6.8% in the third quarter. Looking back over the last month, shares have performed 2.94%. 7 advised "Hold Rating" regarding the stock. Coho Partners Ltd. increased its stake in Microchip Technology by 2.5% in the fourth quarter. Advisory Services Network LLC purchased a new stake in shares of Microchip Technology during the first quarter worth approximately $135,000.
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