Microchip Technology Incorporated (NASDAQ:MCHP) Plans $0.46 Quarterly Dividend

Microchip Technology Incorporated (NASDAQ:MCHP) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.455 per share by the semiconductor company on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, August 24th.

Microchip Technology has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 23 consecutive years. Microchip Technology has a dividend payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Microchip Technology to earn $3.61 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 50.4%.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $74.36 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. Microchip Technology has a 12-month low of $48.52 and a 12-month high of $105.91. The company has a market cap of $40.38 billion, a price-to-earnings ratio of 354.11, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76. The stock has a 50 day simple moving average of $87.34 and a 200-day simple moving average of $81.28.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. Microchip Technology’s revenue was up 38.0% on a year-over-year basis. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, equities analysts forecast that Microchip Technology will post 2.7 EPS for the current year.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.