|Bid||94.69 x 900|
|Ask||94.68 x 900|
|Day's range||93.85 - 94.81|
|52-week range||78.33 - 104.20|
|PE ratio (TTM)||91.73|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||1.45 (1.56%)|
|1y target est||114.25|
Semiconductor stocks were battered by market volatility earlier this year, but the industry has made a strong recovery, and secular trends like the Internet of Things and artificial intelligence present exciting growth opportunities. Check out these Zacks Rank #1 (Strong Buy) semiconductor stocks right now!
Microchip (MCHP) is now focusing on improving driving experience to strengthen its position in producing autonomous vehicle controllers.
Despite the dip, chip stocks are ready to make a comeback as they are much in demand largely on strength in gaming, emergence of IoT and automation.
We have highlighted a few other #1-Ranked semiconductor stocks that look attractive picks at present given their strong fundamentals and lower exposure to China.
Given encouraging long-term trends, investors should tap the current dip in tech stocks that have seen their Rank surging to the top rung.
Is Microchip Technology Incorporated (MCHP) Outperforming Other Computer and Technology Stocks This Year?
Several widely-tracked U.S. benchmarks have staged statistically unusual June breakouts, strengthening an already-bullish technical backdrop, writes Michael Ashbaugh.
Microchip (MCHP) with its strong foothold in the microcontrollers segment is expected to benefit from both organic and inorganic growth.
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Microchip Technology (MCHP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Microchip Technology Incorporated is at a 52-week high, but can investors hope for more gains in the future? We take a look at the fundamentals for MCHP for clues.
Chipmaker Broadcom hopes to hit the reset button with its second-quarter earnings report due after the market close on Thursday, which comes after the company warned of weak demand.
Microchip (MCHP) raises first-quarter fiscal 2019 earnings and revenues guidance. The acquisition synergy from the recent buyout of Microsemi has led to the impressive revision.
Microchip (MCHP) recently closed the acquisition of Microsemi that expanded it'ss product portfolio and aided its top-line growth.
In the previous part of the series, we saw that Qualcomm (QCOM) has been looking to acquire NXP Semiconductors (NXPI) since October 2016 in order to diversify into the fast-growing markets of automotive and IoT (Internet of Things). Qualcomm cleared all the hurdles and secured all necessary approvals for the deal except for approval from China’s Mofcom (Ministry of Commerce). Given the good relations between Qualcomm and China, this didn’t seem like a difficult task.
The go-ahead to the $8.35 billion acquisition comes in less than three months after the companies struck the deal, indicating that trade tensions between the United States and China were easing. "It's clear that the US-China relations are in thaw-mode," Elazar Advisors analyst Chaim Siegel said.
Microchip's (MCHP) Q4 earnings surpass expectations, jumping more than 20%, year over year, mainly driven by higher revenues and efficient cost management.
Microchip Technology Inc. (NASDAQ: MCHP) is down a little over 1% in early trading following the release of its Q4 2018 earnings results before the market opened this morning. Here’s a breakdown of some key statistics from the release:MetricQ4 2018Q4 2017ChangeNet sales$1,002.3 million$902.7 million11.0%Non-GAAP net income$351.3 million$276.9 million26.9%Non-GAAP EPS – diluted$1.40$1.1620.7%