Microchip Technology Incorporated (MCHP) To Go Ex-Dividend on November 24th

Microchip Technology Incorporated (NASDAQ:MCHP) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, November 24th will be paid a dividend of 0.455 per share by the semiconductor company on Tuesday, December 9th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, November 24th.

Microchip Technology has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 23 consecutive years. Microchip Technology has a dividend payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Microchip Technology to earn $0.96 per share next year, which means the company may not be able to cover its $1.82 annual dividend with an expected future payout ratio of 189.6%.

Microchip Technology Stock Down 5.2%

MCHP stock opened at $56.28 on Friday. The company has a 50 day moving average price of $64.24 and a two-hundred day moving average price of $64.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a market capitalization of $30.37 billion, a P/E ratio of -165.53, a PEG ratio of 1.79 and a beta of 1.57. Microchip Technology has a one year low of $34.13 and a one year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, sell-side analysts expect that Microchip Technology will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on MCHP shares. Stifel Nicolaus lowered their price target on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday. Citigroup lowered their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday. Cantor Fitzgerald dropped their price target on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday. TD Cowen decreased their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.