How to Buy Microchip Technology Stock
Microchip Technology Inc
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
Microchip Technology stock last closed at $92.21, up 1.69% from the previous day, and has increased 23.99% in one year. It has underperformed other stocks in the Semiconductors industry by 0.13 percentage points. Microchip Technology stock is currently +34.12% from its 52-week low of $68.75, and -2.22% from its 52-week high of $94.30.
There are currently 540.39M shares of MCHP outstanding. The market cap of MCHP is $49.83B. In the past 24 hours, 6.24M MCHP shares were traded.
How to Buy Microchip Technology Stock
Not sure how to invest in Microchip Technology stock? Here's how.
- Decide where to buy Microchip Technology stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Microchip Technology stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your payment method and add your info.
- Evaluate Microchip Technology stock: The Microchip Technology ticker symbol is MCHP. Is Microchip Technology stock a good investment? Should you buy shares of MCHP? How do MCHP's underlying business fundamentals look? Do top analysts think Microchip Technology is a good buy? Why has MCHP's stock price moved recently? (Hint: Our stock research website can help you understand if MCHP is a good stock to buy).
- Place your MCHP purchase: Decide if you will purchase MCHP shares at the current market price or use a limit order to buy MCHP shares at a specific price.
- Get updates on your MCHP investment: Create a watchlist to important notifications about your position in Microchip Technology shares.
Step 1: Decide where to buy Microchip Technology stock
You need an online brokerage account to access the NASDAQ market and buy MCHP shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you are able to buy MCHP stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have filled out your info on app for stock market, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of transferring money into your brokerage account.
Step 4: Evaluate Microchip Technology stock
After you have decided on the best place to buy Microchip Technology stock, it's critical to analyze their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Microchip Technology shares quick numbers
MCHP Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on MCHP's stock page.
What is the fair value of MCHP stock?
Analysts use many financial metrics, analyses, models, and charts to gauge MCHP's fair value.
Using relative valuations methods:
- MCHP may be undervalued based on its P/E ratio of 21.25x, relative to Semiconductors industry P/E ratio of 58.6x
- MCHP could be undervalued based on its P/B ratio of 7.04x, relative to Semiconductors industry P/B ratio of 7.69x
- MCHP may be overvalued based on its PEG ratio of 1.31x
You can access more valuation research on MCHP's stock here.
MCHP Financial Summary
Passed Health Checks:
- MCHP earnings of $3.16B is not enough to cover its interest payments.
- Total MCHP debt is lower than 5 years ago, relative to shareholder equity.
- MCHP's operating cash flow of $3.17B allows it to safely service it's debt of $5.70B.
- MCHP profit margin has gone up from 25.7% to 27.6% in the past year.
Failed Health Checks:
- There are more short-term liabilities than short-term assets on the MCHP balance sheet.
- MCHP has a relatively high debt to equity ratio of 1.28.
- There are more long-term liabilities than short-term assets on the MCHP balance sheet.
Is MCHP stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 14 Wall Street analysts who track MCHP, the consensus analyst rating on MCHP is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest MCHP Analyst Ratings
Quinn Bolton, a top 1% analyst from Needham maintains MCHP with a buy rating and raises their MCHP price target from $85.00 to $90.00, on Feb 2, 2024.
Hans Mosesmann, a top 1% analyst from Rosenblatt reiterates MCHP with a strong buy rating and maintains their MCHP price target from $100.00 to $100.00, on Jan 30, 2024.
Chris Caso, a top 1% analyst from Wolfe Research upgrades MCHP to a buy rating and announces their MCHP price target of $105.00, on Jan 18, 2024.
William Stein, a top 1% analyst from Truist Securities maintains MCHP with a strong buy rating and lowers their MCHP price target from $97.00 to $93.00, on Jan 9, 2024.
Harsh Kumar, a top 2% analyst from Piper Sandler downgrades MCHP to a hold rating and announces their MCHP price target of $80.00, on Jan 4, 2024.
You can dig deeper into what analysts are saying on the Microchip Technology stock forecast page.
MCHP Momentum
How is MCHP performing as a company?
Last year, MCHP earnings were $2.36B. In the last 5 year, MCHP's earnings have gone up by 44.04% per year. This was faster than the Semiconductors industry average of 26.99%.
Last year, MCHP revenue was $8.54B. Over the last five year, MCHP's revenue has increased by 11.21% per year. This was slower than the Semiconductors industry average of 23.24%.
Dive into MCHP's earnings and revenue performance here.
Latest Insiders Trades at MCHP
In the last year, executives and large shareholders at MCHP have bought more shares than they have sold.
Steve Sanghi, Executive Chair of MCHP, was the latest MCHP insider to sell. They sold $837,450.90 worth of MCHP shares on Mar 7, 2024.
Research more about who owns MCHP stock here.
Does MCHP provide a stable income stream?
Microchip Technology pays a dividend of 1.82%, compared to the Semiconductors industry's average dividend yield of 9.05%. If you owned $1,000 of MCHP stock, you would have received $18.24 in the past year.
Microchip Technology dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Microchip Technology dividend yield and history here.
What do other investors have to say about MCHP?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your MCHP purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, use a limit order.
Click the Open Trade button and your broker will place your order.
If you want more help with investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your MCHP investment
Now that you own some shares in MCHP, you'll want to stay up-to-date on your new investment.
Make a watchlist to monitor your MCHP stock.
MCHP Feed
How to Buy Stock in Microchip Technology
To summarize, here are the 6 steps to buy Microchip Technology stock:
- Decide where to buy Microchip Technology stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Microchip Technology stock
- Place your MCHP purchase
- Get updates on your MCHP investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Microchip Technology, get started below.
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