For its second fiscal quarter (ending September 30), Microchip Technology Inc (NASDAQ: MCHP) has reported a -88% decline in E.P.S. from $1.23 a year ago to $0.15 in the current quarter. E.P.S. were $1.46 for the latest four quarters through September 30 versus $4.61 for the same period a year ago — a decline of -68%.
Recent Price Action
On 11/5/24, Microchip Technology Inc (NASDAQ: MCHP) stock rose modestly by 0.8%, closing at $75.09. Moreover, trading volume in this advance was above average at 144% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.7% during the last week.
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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Microchip Technology has a poor Power Rating of 29 and a very low Appreciation Score of 13, and the Lowest Value Trend Rating results.
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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