Microchip Technology Inc (NASDAQ: MCHP) has reported E.P.S. of $0.29 for its fourth fiscal quarter (ending March 31) versus $1.10 for the same period a year ago — a decline of -74%. Relative to the consensus estimate of $0.57, this was a shortfall of $-0.28. For the latest four quarters through March 31, E.P.S. were $3.52 compared to $4.07 a year ago — a decline of -14%.
Recent Price Action
Microchip Technology Inc (NASDAQ: MCHP) stock closed at $93.76 on 5/6/24 after a large increase of 2.6%. Moreover, this advance was accompanied by above average trading volume at 132% of normal. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MCHP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Microchip Technology has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Microchip Technology has a very low Appreciation Score of 10 but a neutral Power Rating of 52, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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