Microchip Technology Incorporated (MCHP) To Go Ex-Dividend on November 23rd

Microchip Technology Incorporated (NASDAQ:MCHP – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.4550 per share by the semiconductor company on Tuesday, December 8th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 23rd.

Microchip Technology has raised its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 23 years. Microchip Technology has a dividend payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Microchip Technology to earn $4.09 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 44.5%.

Microchip Technology Stock Performance

Shares of MCHP opened at $58.35 on Friday. Microchip Technology has a 52 week low of $48.52 and a 52 week high of $105.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The company has a market capitalization of $31.68 billion, a PE ratio of 44.20, a PEG ratio of 0.52 and a beta of 1.84. The company’s 50 day moving average price is $74.85 and its 200 day moving average price is $79.41.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The firm’s revenue was up 42.2% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. Research analysts expect that Microchip Technology will post 3.20 EPS for the current fiscal year.

Key Headlines Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

  • Positive Sentiment: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
  • Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
  • Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
  • Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
  • Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update

Microchip Technology Company Profile

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Further Reading

Dividend History for Microchip Technology (NASDAQ:MCHP)

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