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Microchip Technology Inc Stock Research

MCHP

83.78USD+1.00(+1.21%)Market Closed

Market Summary

USD83.78+1.00
Market Closed
1.21%

MCHP Alerts

MCHP Stock Price

MCHP RSI Chart

MCHP Valuation

Market Cap

45.9B

Price/Earnings (Trailing)

22.15

Price/Sales (Trailing)

5.7

EV/EBITDA

13.13

Price/Free Cashflow

14.47

MCHP Price/Sales (Trailing)

MCHP Profitability

Operating Margin

67.07%

EBT Margin

32.14%

Return on Equity

32.82%

Return on Assets

12.85%

Free Cashflow Yield

6.91%

MCHP Fundamentals

MCHP Revenue

Revenue (TTM)

8.1B

Revenue Y/Y

23.43%

Revenue Q/Q

4.63%

MCHP Earnings

Earnings (TTM)

2.1B

Earnings Y/Y

64.48%

Earnings Q/Q

6.24%

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

Current Ratio

1.76

Debt/Equity

1.24

Debt/Cashflow

0.43

MCHP Investor Care

Dividend Yield

1.38%

Dividend/Share (TTM)

1.16

Buy Backs (1Y)

1.28%

Diluted EPS (TTM)

3.69

Peers (Alternatives to Microchip Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
685.0B
27.0B
17.95% -1.03%
156.82
25.39
0.22% -55.21%
267.5B
34.4B
7.41% 3.70%
23.27
7.77
20.74% 70.65%
169.8B
20.0B
7.46% 0.40%
19.41
8.48
9.18% 12.61%
158.0B
23.6B
24.56% -17.90%
119.69
6.69
43.61% -58.25%
135.2B
63.1B
28.72% -34.83%
16.86
2.14
-20.21% -59.66%
23.2B
2.6B
26.12% 160.34%
-525.01
8.85
-10.40% -109.42%
13.1B
660.4M
11.23% 51.56%
73.19
19.83
28.14% 86.49%
MID-CAP
6.4B
7.1B
0.47% 14.21%
8.33
0.9
15.53% 19.10%
4.8B
651.1M
1.26% -11.84%
28.22
7.4
-7.41% 3.92%
SMALL-CAP
944.9M
1.3B
-5.13% -14.54%
12.98
0.74
16.70% 2.69%
850.6M
1.8B
-0.42% -36.62%
16.35
0.47
8.07% 32.37%
742.9M
794.4M
0.04% -57.60%
9.39
0.94
9.29% -82.10%
706.4M
134.6M
-5.83% -26.40%
-30.47
5.25
9.73% -5954.29%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue5.4%8,0507,6397,2156,8216,444
Cost Of Revenue3.7%2,6512,5572,4632,3712,288
Gross Profit6.2%5,3995,0824,7524,4504,156
Operating Expenses0.8%2,5822,5612,5702,6002,548
  S&GA Expenses3.4%781756734719697
  R&D Expenses3.6%1,0791,0421,020989959
EBITDA9.5%3,4733,1712,7282,883-
EBITDA Margin3.9%0.43*0.42*0.38*0.42*-
Earnings Before Taxes14.2%2,5872,2661,8321,4831,148
EBT Margin8.3%0.32*0.30*0.25*0.22*-
Interest Expenses-4.2%214224235257277
Net Income12.3%2,0721,8441,5401,286964
Net Income Margin6.6%0.26*0.24*0.21*0.19*-
Free Cahsflow13.4%3,1712,7972,6482,473-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.2%16,11616,14116,20816,20016,047
  Current Assets5.9%2,8342,6762,6432,4532,201
    Cash Equivalents-5.2%289305377317314
  Inventory13.1%1,1651,030912854768
  Net PPE2.3%1,1141,088995968930
  Goodwill0%6,6746,6746,6746,6746,674
  Current Liabilities-36.5%1,6112,5381,4851,3991,219
  Long Term Debt-1.6%7,5647,6877,869--
    LT Debt, CurrentInfinity%999----
    LT Debt, Non Current4.5%6,5896,3057,5647,6877,869
Shareholder's Equity3.4%6,3126,1035,9785,8955,803
  Retained Earnings8.1%5,3564,9564,5764,1753,878
  Additional Paid-In Capital1.1%2,3802,3562,3932,5362,501
Accumulated Depreciation1.7%2,6072,5642,5032,4492,380
Shares Outstanding-0.4%548550552555555
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.1%3,6593,2353,0532,8432,544
  Share Based Compensation-3.8%174180195210218
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 Backs7.3%932868621426166

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 ascendingFund NameType% 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%

1–10 of 44

Latest Funds Activity

Are funds buying MCHP calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MCHP
No. of Funds

Microchip Tech News

Nasdaq

Here's Why Microchip Tech (MCHP) Is a Great 'Buy the Bottom ....

Nasdaq,
2 days ago

Investor's Business Daily

The Associated Press

Microchip Tech: Fiscal Q3 Earnings Snapshot.

The Associated Press,
57 days ago

Business Strategy Hub

Top 10 Nvidia Competitors & Alternatives.

Business Strategy Hub,
12 months ago

Schedule 13G FIlings of Microchip Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Ganesh Moorthy
21000
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

2022-12-31
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 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 sales698.4604.22,027.41,747.5
Gross profit1,470.81,153.34,178.63,229.2
Research and development282.4245.4820.0730.0
Selling, general and administrative202.9177.5594.2531.7
Amortization of acquired intangible assets167.4215.7502.5647.0
Special charges (income) and other, net6.5(0.3)(6.1)20.4
Operating expenses659.2638.31,910.61,929.1
Operating income811.6515.02,268.01,300.1
Interest income0.80.11.10.5
Interest expense(52.8)(62.1)(156.4)(199.2)
Loss on settlement of debt0.0(16.1)(8.3)(101.6)
Other income, net2.64.63.53.5
Income before income taxes762.2441.52,107.91,003.3
Income tax provision181.988.7474.2155.7
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)1.040.622.931.50
Dividends declared per common share (in dollars per share)$ 0.3280$ 0.2320$ 0.9050$ 0.6570
Basic common shares outstanding (in shares)549.2554.9551.5551.2
Diluted common shares outstanding (in shares)555.4567.3558.4566.1

MCHP Balance Sheet

2022-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Mar. 31, 2022
ASSETS  
Cash and cash equivalents$ 288.9$ 317.4
Short-term investments0.02.0
Accounts receivable, net1,175.01,072.6
Inventories1,165.4854.4
Other current assets204.4206.2
Total current assets2,833.72,452.6
Property, plant and equipment, net1,113.7967.9
Goodwill6,673.66,673.6
Intangible assets, net3,544.84,043.1
Long-term deferred tax assets1,630.01,797.1
Other assets320.3265.2
Total assets16,116.116,199.5
LIABILITIES AND STOCKHOLDERS' EQUITY  
Accounts payable354.8344.7
Accrued liabilities1,256.31,054.3
Total current liabilities1,611.11,399.0
Long-term debt6,588.77,687.4
Long-term income tax payable660.3704.6
Long-term deferred tax liability40.339.8
Other long-term liabilities904.1473.9
Stockholders' equity:  
Preferred stock, $0.001 par value; authorized 5,000,000 shares; no shares issued or outstanding0.00.0
Common stock, $0.001 par value; authorized 900,000,000 shares; 577,805,496 shares issued and 547,792,012 shares outstanding at December 31, 2022; 577,805,396 shares issued and 554,500,524 shares outstanding at March 31, 20220.50.6
Additional paid-in capital2,380.42,535.9
Common stock held in treasury: 30,013,484 shares at December 31, 2022; 23,304,872 shares at March 31, 2022(1,407.8)(796.3)
Accumulated other comprehensive loss(17.5)(20.6)
Retained earnings5,356.04,175.2
Total stockholders' equity6,311.65,894.8
Total liabilities and stockholders' equity$ 16,116.1$ 16,199.5