Market Summary
USD83.78+1.00
Market Closed1.21%
MCHP Stock Price
MCHP RSI Chart
MCHP Valuation
MCHP Price/Sales (Trailing)
MCHP Profitability
MCHP Fundamentals
MCHP Revenue
MCHP Earnings
Price Action
52 Week Range
53.8687.76
(Low)(High)
Last 7 days
2.7%
Last 30 days
2.2%
Last 90 days
17.8%
Trailing 12 Months
9.8%
MCHP Financial Health
MCHP Investor Care
Peers (Alternatives to Microchip Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 685.0B | 27.0B | 17.95% | -1.03% | 156.82 | 25.39 | 0.22% | -55.21% |
AVGO | 267.5B | 34.4B | 7.41% | 3.70% | 23.27 | 7.77 | 20.74% | 70.65% |
TXN | 169.8B | 20.0B | 7.46% | 0.40% | 19.41 | 8.48 | 9.18% | 12.61% |
AMD | 158.0B | 23.6B | 24.56% | -17.90% | 119.69 | 6.69 | 43.61% | -58.25% |
INTC | 135.2B | 63.1B | 28.72% | -34.83% | 16.86 | 2.14 | -20.21% | -59.66% |
FSLR | 23.2B | 2.6B | 26.12% | 160.34% | -525.01 | 8.85 | -10.40% | -109.42% |
LSCC | 13.1B | 660.4M | 11.23% | 51.56% | 73.19 | 19.83 | 28.14% | 86.49% |
| MID-CAP | ||||||||
AMKR | 6.4B | 7.1B | 0.47% | 14.21% | 8.33 | 0.9 | 15.53% | 19.10% |
POWI | 4.8B | 651.1M | 1.26% | -11.84% | 28.22 | 7.4 | -7.41% | 3.92% |
| SMALL-CAP | ||||||||
ICHR | 944.9M | 1.3B | -5.13% | -14.54% | 12.98 | 0.74 | 16.70% | 2.69% |
SGH | 850.6M | 1.8B | -0.42% | -36.62% | 16.35 | 0.47 | 8.07% | 32.37% |
AOSL | 742.9M | 794.4M | 0.04% | -57.60% | 9.39 | 0.94 | 9.29% | -82.10% |
CEVA | 706.4M | 134.6M | -5.83% | -26.40% | -30.47 | 5.25 | 9.73% | -5954.29% |
MX | 406.7M | 337.7M | -5.01% | -46.22% | -50.61 | 1.2 | -28.80% | -114.17% |
Financials for Microchip Tech
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 5.4% | 8,050 | 7,639 | 7,215 | 6,821 | 6,444 |
| Cost Of Revenue | 3.7% | 2,651 | 2,557 | 2,463 | 2,371 | 2,288 |
| Gross Profit | 6.2% | 5,399 | 5,082 | 4,752 | 4,450 | 4,156 |
| Operating Expenses | 0.8% | 2,582 | 2,561 | 2,570 | 2,600 | 2,548 |
| S&GA Expenses | 3.4% | 781 | 756 | 734 | 719 | 697 |
| R&D Expenses | 3.6% | 1,079 | 1,042 | 1,020 | 989 | 959 |
| EBITDA | 9.5% | 3,473 | 3,171 | 2,728 | 2,883 | - |
| EBITDA Margin | 3.9% | 0.43* | 0.42* | 0.38* | 0.42* | - |
| Earnings Before Taxes | 14.2% | 2,587 | 2,266 | 1,832 | 1,483 | 1,148 |
| EBT Margin | 8.3% | 0.32* | 0.30* | 0.25* | 0.22* | - |
| Interest Expenses | -4.2% | 214 | 224 | 235 | 257 | 277 |
| Net Income | 12.3% | 2,072 | 1,844 | 1,540 | 1,286 | 964 |
| Net Income Margin | 6.6% | 0.26* | 0.24* | 0.21* | 0.19* | - |
| Free Cahsflow | 13.4% | 3,171 | 2,797 | 2,648 | 2,473 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -0.2% | 16,116 | 16,141 | 16,208 | 16,200 | 16,047 |
| Current Assets | 5.9% | 2,834 | 2,676 | 2,643 | 2,453 | 2,201 |
| Cash Equivalents | -5.2% | 289 | 305 | 377 | 317 | 314 |
| Inventory | 13.1% | 1,165 | 1,030 | 912 | 854 | 768 |
| Net PPE | 2.3% | 1,114 | 1,088 | 995 | 968 | 930 |
| Goodwill | 0% | 6,674 | 6,674 | 6,674 | 6,674 | 6,674 |
| Current Liabilities | -36.5% | 1,611 | 2,538 | 1,485 | 1,399 | 1,219 |
| Long Term Debt | -1.6% | 7,564 | 7,687 | 7,869 | - | - |
| LT Debt, Current | Infinity% | 999 | - | - | - | - |
| LT Debt, Non Current | 4.5% | 6,589 | 6,305 | 7,564 | 7,687 | 7,869 |
| Shareholder's Equity | 3.4% | 6,312 | 6,103 | 5,978 | 5,895 | 5,803 |
| Retained Earnings | 8.1% | 5,356 | 4,956 | 4,576 | 4,175 | 3,878 |
| Additional Paid-In Capital | 1.1% | 2,380 | 2,356 | 2,393 | 2,536 | 2,501 |
| Accumulated Depreciation | 1.7% | 2,607 | 2,564 | 2,503 | 2,449 | 2,380 |
| Shares Outstanding | -0.4% | 548 | 550 | 552 | 555 | 555 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 13.1% | 3,659 | 3,235 | 3,053 | 2,843 | 2,544 |
| Share Based Compensation | -3.8% | 174 | 180 | 195 | 210 | 218 |
| Cashflow From Investing | -6.8% | -591 | -553 | -518 | -477 | -398 |
| Cashflow From Financing | -17.6% | -3,092 | -2,629 | -2,435 | -2,327 | -2,203 |
| Buy Backs | 7.3% | 932 | 868 | 621 | 426 | 166 |
Risks for MCHP
What is the probability of a big loss on MCHP?
71.5%
Probability that Microchip Tech stock will be more than 20% underwater in next one year
47.7%
Probability that Microchip Tech stock will be more than 30% underwater in next one year.
18.5%
Probability that Microchip Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MCHP drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Microchip Tech was unfortunately bought at previous high price.
Drawdowns
Returns for MCHP
Cumulative Returns on MCHP
27.4%
10-Year Cumulative Returns
33.8%
7-Year Cumulative Returns
31.2%
5-Year Cumulative Returns
70.8%
3-Year Cumulative Returns
What are the long-term rolling returns for MCHP?
FIve years rolling returns for Microchip Tech.
Annualized Returns
Which funds bought or sold MCHP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-27 | Neo Ivy Capital Management | sold off | -100 | -9,000 | - | -% |
2023-03-23 | ETF MANAGERS GROUP, LLC | sold off | -100 | -976,000 | - | -% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -2.45 | 1,240,510 | 11,335,500 | 0.09% |
2023-03-17 | American Portfolios Advisors | reduced | -0.69 | 5,117 | 123,159 | -% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 245,518 | 245,518 | 0.01% |
2023-03-13 | Claro Advisors LLC | new | - | 240,749 | 240,749 | 0.08% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -2.86 | 17,548,600 | 166,004,000 | 0.18% |
2023-03-10 | MATHER GROUP, LLC. | added | 4.49 | 137,080 | 815,080 | 0.02% |
2023-03-08 | SHEETS SMITH WEALTH MANAGEMENT | unchanged | - | 770,338 | 5,872,340 | 0.92% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -12.31 | 20,000 | 2,211,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Microchip Tech News
Schedule 13G FIlings of Microchip Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | dodge & cox | 4.2% | 23,368,666 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.05% | 66,300,914 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 43,244,463 | SC 13G/A | |
| Feb 14, 2022 | dodge & cox | 5.3% | 29,539,169 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.49% | 63,734,425 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.7% | 42,993,442 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 4.9% | 12,994,028 | SC 13G/A | |
| Feb 11, 2021 | dodge & cox | 7.0% | 18,281,484 | SC 13G/A | |
| Feb 11, 2021 | janus henderson group plc | 3.5% | 9,019,043 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.41% | 29,709,164 | SC 13G/A |
MCHP Fair Value
Microchip Tech fair value in different scenarios
The table shows the Fair Value estimates for Microchip Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 43.69 -47.85% | 57.86 -30.94% | 88.43 5.55% | 125.75 50.10% | 166.01 98.15% |
| Current Inflation | 39.97 -52.29% | 52.13 -37.78% | 78.07 -6.82% | 109.58 30.79% | 143.46 71.23% |
| Very High Inflation | 35.37 -57.78% | 45.19 -46.06% | 65.84 -21.41% | 90.77 8.34% | 117.47 40.21% |
Historical Microchip Tech Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Microchip Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Feb 24, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for MCHP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-01 | SANGHI STEVE | acquired | 21,248 | 55.1905 | 385 | executive chair |
2023-03-01 | Bjornholt James Eric | acquired | 21,248 | 55.1905 | 385 | senior vp and cfo |
2023-03-01 | SIMONCIC RICHARD J | acquired | 21,248 | 55.1905 | 385 | senior vp, analog/intrfce bu |
2023-03-01 | MOORTHY GANESH | acquired | 21,248 | 55.1905 | 385 | president & ceo |
2023-03-01 | DREHOBL STEPHEN V | acquired | 21,248 | 55.1905 | 385 | senior vp, mcu8/mcu16 bu |
2023-02-23 | Bjornholt James Eric | sold | -226,548 | 81.58 | -2,777 | senior vp and cfo |
2023-02-23 | Johnson Karlton D | sold | -32,076 | 81.00 | -396 | - |
2023-02-22 | CHAPMAN MATTHEW W | sold | -81,130 | 81.13 | -1,000 | - |
2023-02-15 | DREHOBL STEPHEN V | sold (taxes) | -211,253 | 85.91 | -2,459 | senior vp, mcu8/mcu16 bu |
2023-02-15 | SANGHI STEVE | acquired | 3,892,240 | 85.91 | 45,306 | executive chair |
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.
MCHP Income Statement
2022-12-31CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 2,169.2 | $ 1,757.5 | $ 6,206.0 | $ 4,976.7 |
| Cost of sales | 698.4 | 604.2 | 2,027.4 | 1,747.5 |
| Gross profit | 1,470.8 | 1,153.3 | 4,178.6 | 3,229.2 |
| Research and development | 282.4 | 245.4 | 820.0 | 730.0 |
| Selling, general and administrative | 202.9 | 177.5 | 594.2 | 531.7 |
| Amortization of acquired intangible assets | 167.4 | 215.7 | 502.5 | 647.0 |
| Special charges (income) and other, net | 6.5 | (0.3) | (6.1) | 20.4 |
| Operating expenses | 659.2 | 638.3 | 1,910.6 | 1,929.1 |
| Operating income | 811.6 | 515.0 | 2,268.0 | 1,300.1 |
| Interest income | 0.8 | 0.1 | 1.1 | 0.5 |
| Interest expense | (52.8) | (62.1) | (156.4) | (199.2) |
| Loss on settlement of debt | 0.0 | (16.1) | (8.3) | (101.6) |
| Other income, net | 2.6 | 4.6 | 3.5 | 3.5 |
| Income before income taxes | 762.2 | 441.5 | 2,107.9 | 1,003.3 |
| Income tax provision | 181.9 | 88.7 | 474.2 | 155.7 |
| Net income | $ 580.3 | $ 352.8 | $ 1,633.7 | $ 847.6 |
| Basic net income per common share (in dollars per share) | $ 1.06 | $ 0.64 | $ 2.96 | $ 1.54 |
| Diluted net income per common share (in dollars per share) | 1.04 | 0.62 | 2.93 | 1.50 |
| Dividends declared per common share (in dollars per share) | $ 0.3280 | $ 0.2320 | $ 0.9050 | $ 0.6570 |
| Basic common shares outstanding (in shares) | 549.2 | 554.9 | 551.5 | 551.2 |
| Diluted common shares outstanding (in shares) | 555.4 | 567.3 | 558.4 | 566.1 |
MCHP Balance Sheet
2022-12-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Mar. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 288.9 | $ 317.4 |
| Short-term investments | 0.0 | 2.0 |
| Accounts receivable, net | 1,175.0 | 1,072.6 |
| Inventories | 1,165.4 | 854.4 |
| Other current assets | 204.4 | 206.2 |
| Total current assets | 2,833.7 | 2,452.6 |
| Property, plant and equipment, net | 1,113.7 | 967.9 |
| Goodwill | 6,673.6 | 6,673.6 |
| Intangible assets, net | 3,544.8 | 4,043.1 |
| Long-term deferred tax assets | 1,630.0 | 1,797.1 |
| Other assets | 320.3 | 265.2 |
| Total assets | 16,116.1 | 16,199.5 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable | 354.8 | 344.7 |
| Accrued liabilities | 1,256.3 | 1,054.3 |
| Total current liabilities | 1,611.1 | 1,399.0 |
| Long-term debt | 6,588.7 | 7,687.4 |
| Long-term income tax payable | 660.3 | 704.6 |
| Long-term deferred tax liability | 40.3 | 39.8 |
| Other long-term liabilities | 904.1 | 473.9 |
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; authorized 5,000,000 shares; no shares issued or outstanding | 0.0 | 0.0 |
| Common stock, $0.001 par value; authorized 900,000,000 shares; 577,805,496 shares issued and 547,792,012 shares outstanding at December 31, 2022; 577,805,396 shares issued and 554,500,524 shares outstanding at March 31, 2022 | 0.5 | 0.6 |
| Additional paid-in capital | 2,380.4 | 2,535.9 |
| Common stock held in treasury: 30,013,484 shares at December 31, 2022; 23,304,872 shares at March 31, 2022 | (1,407.8) | (796.3) |
| Accumulated other comprehensive loss | (17.5) | (20.6) |
| Retained earnings | 5,356.0 | 4,175.2 |
| Total stockholders' equity | 6,311.6 | 5,894.8 |
| Total liabilities and stockholders' equity | $ 16,116.1 | $ 16,199.5 |