After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.
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Stocks Info
The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Microchip Technology, Inc. is $50.35B. A total of 6.11 million shares were traded on the day, compared to an average of 5.58M shares.
In the most recent transaction, SANGHI STEVE sold 36,443 shares of MCHP for 93.10 per share on Mar 07 ’24. After the transaction, the Executive Chair now owns 10,090,421 company shares. In a previous transaction on Mar 06 ’24, Johnson Karlton D sold 92 shares at 86.88 per share. MCHP shares that Director owns now total 1,697.
Among the insiders who sold shares, Bjornholt James Eric disposed of 1,970 shares on Feb 23 ’24 at a per-share price of $83.90. This resulted in the Senior VP and CFO holding 32,893 shares of MCHP after the transaction. In another insider transaction, Johnson Karlton D sold 370 shares at $84.00 per share on Feb 06 ’24. Company shares held by the Director now total 1,789.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Microchip Technology, Inc. pays an annual dividend of $1.68, resulting in a dividend yield of 1.81%, and it has a price to earnings (P/E) ratio of 21.77. MCHP’s most recent ex-dividend date was 2/22/2024 when it declared a $0.45 quarterly dividend that was paid in cash on 3/8/2024. Previously, the company paid the dividend on 12/6/2023 with an ex-dividend date of 11/21/2023. The MCHP stock dividend was $0.4390 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MCHP has a high of $94.63 and a low of $68.75.
As of this writing, MCHP has an earnings estimate of $0.57 per share for the current quarter. EPS was calculated based on a consensus of 21.0 estimates, with a high estimate of $0.61 per share and a lower estimate of $0.57. The company reported an EPS of $1.64 in the last quarter
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MCHP’s latest balance sheet shows that the firm has $319.40M in Cash & Short Term Investments as of fiscal 2022. There were $7.85B in debt and $1.40B in liabilities at the time. Its Book Value Per Share was $13.10, while its Total Shareholder’s Equity was $5.89B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MCHP is Buy with a score of 4.48.
