Previous close | 230.60 |
Open | 0.00 |
Bid | 227.47 x N/A |
Ask | 236.67 x N/A |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 10 |
Market cap | 252.442B |
Beta (5Y monthly) | 1.62 |
PE ratio (TTM) | 26.12 |
EPS (TTM) | 8.83 |
Earnings date | 01 Aug 2024 - 05 Aug 2024 |
Forward dividend & yield | 3.14 (1.36%) |
Ex-dividend date | 22 Feb 2024 |
1y target est | N/A |
Despite a tough quarter, Microchip Technology Inc (MCHP) showcases strategic resilience and future growth potential.
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.
It's the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow.