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Microchip Technology Incorporated (MCHP)
After hours:
| Previous close | 91.36 |
| Open | 91.67 |
| Bid | 93.66 x 100 |
| Ask | 93.75 x 400 |
| Day's range | 91.59 - 93.92 |
| 52-week range | 68.75 - 94.63 |
| Volume | |
| Avg. volume | 5,527,798 |
| Market cap | 50.667B |
| Beta (5Y monthly) | 1.62 |
| PE ratio (TTM) | 21.91 |
| EPS (TTM) | 4.28 |
| Earnings date | 01 Aug 2024 - 05 Aug 2024 |
| Forward dividend & yield | 1.68 (1.79%) |
| Ex-dividend date | 22 Feb 2024 |
| 1y target est | 94.11 |
- Reuters
Microchip Technology expects weak quarterly results on excess inventory impact
Slowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the automotive industry, hitting chipmakers such as Microchip Technology amid an uncertain economic environment. Customers had built excess inventory to avoid a supply crunch during the pandemic.
ZacksMarkets Up to Start the Week: PLTR, MCHP Meet Earnings
It's the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow.
GlobeNewswireMicrochip Technology Increases Quarterly Cash Dividend 18.0% Year-Over-Year to 45.2 Cents Per Share
CHANDLER, Ariz., May 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.2 cents per share. The dividend is payable on June 5, 2024, to stockholders of record on May 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased
