Home News Current Technicals: Microchip Technology (NASDAQ: MCHP)

Current Technicals: Microchip Technology (NASDAQ: MCHP)


Microchip Technology is in the semiconductors industry and trades as part of the technology sector. The company CEO is Steve Sanghi. Microchip Technology Inc develops, manufactures and sells semiconductor products used for a range of embedded control applications. It also provides license Flash-IP solutions.

Previous Intraday Trading Performance:

The MCHP stock showed a previous change of 0.25% with an open at 102.05 and a close of 102.40. It reached an intraday high of 102.93 and a low of 101.72.

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The stock has a market cap of $24.1b with 235.0m shares outstanding, of which the float is 234.7m shares. Trading volume reached 1,244,555 shares compared to its average volume of 2,202,623 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Microchip Technology shares returned 0.25% and in the past 30 trading days it returned 22.88%. Over three months, it changed 2.55%. In one year it has changed 25.31% and within that year its 52-week high was 104.20 and its 52-week low was 75.80. MCHP stock is 35.09% above its 52 Week Low.

Our calculations show a 200 day moving average of 90.09 and a 50 day moving average of 91.06. Currently MCHP stock is trading 13.66% above its 200 day moving average.

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The last annual fiscal EPS for the company was reported at 5.25 that ended on 2018-03-31, which according to the previous close, that is a PE of 103.43. Based on 4 analyst estimates, the consensus EPS for the next quarter is 1.14. The TTM EPS is 4.25, which comes to a TTM PE of 24.09. Historically, the PE high was 153.80 and the PE low was 20.30. If the stock reached its PE low, that would represent a price of 86.29, which is a decrease of -15.73%.

The following are the last four quarter reported earnings per share:
03-31-2018:  1.33
12-31-2017:  1.30
09-30-2017:  1.37
06-30-2017:  1.25

The dividend per share is currently 1.45, which is a dividend yield of 1.42%. Also, the payout ratio is 34.21%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 106.03, which means it is possibly undervalued and has a margin of safety of 3.42%

Indicators to Watch:

Based on the latest filings, there is 0.10% of insider ownership. Short-interest is 30,674,301, which is 13.05% of shares outstanding. The short-interest ratio or days-to-cover ratio is 11.23. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.13

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Fundamental Indicators:

Based on last reported financials, the company's return on equity is 7.80%, return on assets is 3.20%, profit margin is 6.42%, price-to-sales is 6.03 and price-to-book is 7.32.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 3  :Past Performance Score
 4  :Financial Strength Score
 4  :Future Growth Score
 3  :Dividend Score
 2  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.


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