Microchip Technology (MCHP) Receives Media Impact Score of 0.23

News articles about Microchip Technology (NASDAQ:MCHP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microchip Technology earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.7455748667747 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

A number of research analysts have recently weighed in on MCHP shares. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Microchip Technology in a research note on Tuesday, September 19th. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of Microchip Technology in a research note on Wednesday, August 9th. BidaskClub raised Microchip Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Credit Suisse Group reaffirmed a “buy” rating on shares of Microchip Technology in a research note on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $94.00 price objective (up previously from $92.00) on shares of Microchip Technology in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.41.

Shares of Microchip Technology (MCHP) traded down $1.47 during trading on Thursday, reaching $90.40. The company had a trading volume of 1,634,600 shares, compared to its average volume of 2,529,397. The firm has a market cap of $21,488.89, a P/E ratio of 19.46, a PEG ratio of 1.47 and a beta of 1.05. Microchip Technology has a twelve month low of $60.77 and a twelve month high of $95.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.33 and a quick ratio of 2.71.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Monday, November 6th. The semiconductor company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.14. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Microchip Technology had a return on equity of 21.81% and a net margin of 18.69%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. equities research analysts predict that Microchip Technology will post 5.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st will be paid a $0.3625 dividend. This is an increase from Microchip Technology’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, November 20th. This represents a $1.45 annualized dividend and a dividend yield of 1.60%. Microchip Technology’s dividend payout ratio (DPR) is currently 58.00%.

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About Microchip Technology

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

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