Home Markets Dividend Growth of Microchip Technology Incorporated(MCHP)

Dividend Growth of Microchip Technology Incorporated(MCHP)


Microchip Technology Incorporated(MCHP) is having a Dividend Yield of 2.01% with the Annual cash Dividend per share of $1.43. The last quarter cash dividend per share pay out was $0.36. Microchip Technology Incorporated has a 5 year average dividend yield of 3.33% and the stock has a Indicated annual dividend of $1.44. Microchip Technology Incorporated(MCHP) formally announced its most recent dividend on February 8, 2017 with a Dividend per share of $0.36. The new indicated annual dividend based on announced dividend per share is $1.44. The dividend yield based on the forward looking indicated annual dividend is 2.01%. Microchip Technology Incorporated(MCHP) has the most recent dividend payout ratio of 0.45 with a 5-year average payout ratio of 0.67. The 5 year historical dividend growth of Microchip Technology Incorporated(MCHP) is at the rate of 0.64% while the R-Squared dividend growth is 0.98. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Microchip Technology Incorporated (NASDAQ:MCHP) witnessed a decline in the market cap on Thursday as its shares dropped 0.26% or 0.19 points. After the session commenced at $71.55, the stock reached the higher end at $71.75 while it hit a low of $70.97. With the volume soaring to 3,261,731 shares, the last trade was called at $71.71. The company has a 52-week high of $76.5. The company has a market cap of $15,520 million and there are 216,432,170 shares in outstanding. The 52-week low of the share price is $40.81. Shares of Microchip Technology Incorporated rose by 1.1% in the last five trading days and 7.83% for the last 4 weeks. Microchip Technology Incorporated is up 10.61% in the last 3-month period. Year-to-Date the stock performance stands at 11.78%.

Currently the company Insiders own 2.5% of Microchip Technology Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.77% . During last six month period, the net percent change held by insiders has seen a change of -18.77%. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, Wade F Meyercord (director) sold 6,000 shares at 70.66 per share price.On Feb 15, 2017, L B Day (director) sold 6,000 shares at 70.90 per share price.On Feb 15, 2017, Matthew W Chapman (director) sold 15,000 shares at 70.52 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Needham on Feb 8, 2017 to Strong Buy, Raises Price Target to $ 100 from a previous price target of $75 .Company shares were Reiterated by Mizuho on Feb 8, 2017 to Neutral, Raises Price Target to $ 72 from a previous price target of $67 .Company shares were Reiterated by Stifel on Nov 30, 2016 to Buy, Raises Price Target to $ 70 from a previous price target of $68 .

Microchip Technology Last issued its quarterly earnings results on Feb 7, 2017. The company reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.15. Analyst had a consensus of $0.90. The company had revenue of $881.20 million for the quarter, compared to analysts expectations of $849.11 million. The companys revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications and industrial markets.



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