With 20.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.95 million shares. The 52-week range on MCHP shows that it touched its highest point at $100.57 and its lowest point at $50.21 during that stretch. It currently has a 1-year price target of $64.15. With its current market cap of 34.20 billion, MCHP has annualized dividend of $1.81 while the current yield stands at 2.85%. Beta for the stock currently stands at 1.54.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MCHP was up-trending over the past week, with a rise of 20.94%, but this was up by 9.69% over a month. Three-month performance dropped to -3.06% while six-month performance fell -21.35%. The stock lost -22.93% in the past year, while it has gained 10.88% so far this year. A look at the trailing 12-month EPS for MCHP yields 0.57 with Next year EPS estimates of 1.23. For the next quarter, that number is 0.10. This implies an EPS growth rate of -73.63% for this year and -4.91% for next year. EPS is expected to decline by -20.11% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.42%.
Float and Shares Shorts:
At present, 537.76 million MCHP shares are outstanding with a float of 526.26 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MCHP since 14 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.93583 being high and $4.91581 being low. For MCHP, this leads to a yearly average estimate of $4.92582. Based on analyst estimates, the high estimate for the next quarter is $0.25 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.16.
