Press coverage about Microchip Technology (NASDAQ:MCHP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Microchip Technology earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.7393882588984 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Microchip Technology Incorporated (MCHP) Ex-Dividend Date Scheduled (nasdaq.com)
- EX-Dividend Schedule: Microchip Technology Raised its Quarterly Dividend for 16th Consecutive Year; Will Ex-Dividend on February 20, 2018 (finance.yahoo.com)
- Microchip Technology goes ex-dividend on Tuesday (seekingalpha.com)
- Currently Undervalued Or Overvalued? – Morgan Stanley (MS), Microchip Technology Incorporated (MCHP) – ExpressNewsline (expressnewsline.com)
- Microchip Technology to Host Analyst and Investor Day – GlobeNewswire (press release) (globenewswire.com)
Several research firms have issued reports on MCHP. Argus reaffirmed a “buy” rating and set a $90.00 price objective (up from $79.90) on shares of Microchip Technology in a report on Friday, February 9th. Morgan Stanley decreased their price objective on shares of Microchip Technology from $99.00 to $96.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Bank of America reduced their target price on shares of Microchip Technology from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. BidaskClub cut shares of Microchip Technology from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research cut shares of Microchip Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $102.35.
Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Microchip Technology had a net margin of 6.33% and a return on equity of 36.54%. The firm had revenue of $994.10 million during the quarter, compared to analysts’ expectations of $992.10 million. During the same period last year, the business earned $1.05 earnings per share. Microchip Technology’s revenue was up 19.1% compared to the same quarter last year. equities research analysts expect that Microchip Technology will post 5.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Wednesday, February 21st will be given a dividend of $0.363 per share. This is a boost from Microchip Technology’s previous quarterly dividend of $0.36. This represents a $1.45 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, February 20th. Microchip Technology’s dividend payout ratio (DPR) is presently 149.48%.
In related news, VP Stephen V. Drehobl sold 2,852 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $91.66, for a total transaction of $261,414.32. Following the completion of the sale, the vice president now directly owns 15,767 shares in the company, valued at $1,445,203.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 1,801 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $91.66, for a total transaction of $165,079.66. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by company insiders.
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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