Microchip Technology (MCHP)
Market Price (1/9/2026): $73.53 | Market Cap: $39.7 BilSector: Information Technology | Industry: Semiconductors
Microchip Technology (MCHP)
Market Price (1/9/2026): $73.53Market Cap: $39.7 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% | Trading close to highsDist 52W High is -1.8% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 838x |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Industrial Robotics, Show more. | Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -67% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -15%, Rev Chg QQuarterly Revenue Change % is -2.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% | ||
| Key risksMCHP key risks include [1] high inventory levels and margin compression driven by a prolonged downturn in its key automotive and industrial segments. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Industrial Robotics, Show more. |
| Trading close to highsDist 52W High is -1.8% |
| Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -67% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 838x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -15%, Rev Chg QQuarterly Revenue Change % is -2.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% |
| Key risksMCHP key risks include [1] high inventory levels and margin compression driven by a prolonged downturn in its key automotive and industrial segments. |
Why The Stock Moved
Qualitative Assessment
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The company initially provided guidance of $1.109 billion to $1.149 billion on November 6, 2025, then revised it to the high end of that range on December 2, 2025, and further updated it on January 5, 2026, to approximately $1.185 billion, significantly exceeding earlier expectations.
2. The company cited a broad-based recovery in its end markets and strong bookings activity.
CEO Steve Sanghi noted a recovery across most end markets, driven by progress in inventory correction for both distribution and direct customers, and new customer designs transitioning into production. Strong bookings in the December quarter and a better starting backlog for the March quarter further fueled optimism.
3. Significant progress was reported on Microchip's nine-point recovery plan.
The company highlighted substantial advancements in its strategic initiatives, including a considerable reduction in internal inventory, which is expected to lower inventory write-offs. Microchip is also preparing to increase factory production in the March quarter to reduce under-utilization charges.
4. Multiple analyst firms upgraded Microchip Technology's stock and increased their price targets.
Several positive analyst actions occurred during this period, including Cantor Fitzgerald upgrading MCHP to "Overweight" with an $85 price target, Stifel raising its price target to $80, and Needham increasing its target to $77, reflecting a growing confidence in the company's financial outlook and market position.
5. Microchip Technology advanced its position in key technological areas, including AI infrastructure.
The company introduced ultra-low-power monitors and released custom firmware for NVIDIA DGX Spark for its MEC1723 embedded controllers, showcasing its involvement in secure and power-efficient system control for AI applications. Strong sales growth in Gen 4 and Gen 5 data center products, along with the launch of the industry's first 3-nanometer-based PCIe Gen 6 switch, further bolstered prospects in the AI hardware cycle. Show more
Stock Movement Drivers
Fundamental Drivers
The 18.9% change in MCHP stock from 10/31/2025 to 1/8/2026 was primarily driven by a 19.7% change in the company's P/S Multiple.| 10312025 | 1082026 | Change | |
|---|---|---|---|
| Stock Price ($) | 61.86 | 73.53 | 18.86% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4235.80 | 4212.40 | -0.55% |
| P/S Multiple | 7.87 | 9.43 | 19.70% |
| Shares Outstanding (Mil) | 539.20 | 540.00 | -0.15% |
| Cumulative Contribution | 18.86% |
Market Drivers
10/31/2025 to 1/8/2026| Return | Correlation | |
|---|---|---|
| MCHP | 18.9% | |
| Market (SPY) | 1.1% | 46.9% |
| Sector (XLK) | -4.1% | 48.2% |
Fundamental Drivers
The 10.5% change in MCHP stock from 7/31/2025 to 1/8/2026 was primarily driven by a 15.8% change in the company's P/S Multiple.| 7312025 | 1082026 | Change | |
|---|---|---|---|
| Stock Price ($) | 66.52 | 73.53 | 10.53% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4401.60 | 4212.40 | -4.30% |
| P/S Multiple | 8.14 | 9.43 | 15.82% |
| Shares Outstanding (Mil) | 538.50 | 540.00 | -0.28% |
| Cumulative Contribution | 10.53% |
Market Drivers
7/31/2025 to 1/8/2026| Return | Correlation | |
|---|---|---|
| MCHP | 10.5% | |
| Market (SPY) | 9.4% | 47.4% |
| Sector (XLK) | 9.9% | 44.7% |
Fundamental Drivers
The 39.7% change in MCHP stock from 1/31/2025 to 1/8/2026 was primarily driven by a 83.4% change in the company's P/S Multiple.| 1312025 | 1082026 | Change | |
|---|---|---|---|
| Stock Price ($) | 52.64 | 73.53 | 39.69% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5496.60 | 4212.40 | -23.36% |
| P/S Multiple | 5.14 | 9.43 | 83.39% |
| Shares Outstanding (Mil) | 536.70 | 540.00 | -0.61% |
| Cumulative Contribution | 39.68% |
Market Drivers
1/31/2025 to 1/8/2026| Return | Correlation | |
|---|---|---|
| MCHP | 39.7% | |
| Market (SPY) | 15.6% | 72.5% |
| Sector (XLK) | 25.6% | 71.7% |
Fundamental Drivers
The 1.9% change in MCHP stock from 1/31/2023 to 1/8/2026 was primarily driven by a 80.9% change in the company's P/S Multiple.| 1312023 | 1082026 | Change | |
|---|---|---|---|
| Stock Price ($) | 72.15 | 73.53 | 1.91% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7638.50 | 4212.40 | -44.85% |
| P/S Multiple | 5.21 | 9.43 | 80.94% |
| Shares Outstanding (Mil) | 551.50 | 540.00 | 2.09% |
| Cumulative Contribution | 1.87% |
Market Drivers
1/31/2023 to 1/8/2026| Return | Correlation | |
|---|---|---|
| MCHP | 1.9% | |
| Market (SPY) | 75.9% | 66.3% |
| Sector (XLK) | 116.5% | 66.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MCHP Return | 27% | -18% | 31% | -35% | 15% | 16% | 18% |
| Peers Return | 33% | -24% | 31% | -2% | 50% | 11% | 115% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| MCHP Win Rate | 50% | 42% | 67% | 25% | 33% | 100% | |
| Peers Win Rate | 62% | 37% | 60% | 43% | 53% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| MCHP Max Drawdown | -4% | -35% | -2% | -37% | -38% | 0% | |
| Peers Max Drawdown | -3% | -34% | -8% | -13% | -27% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MU, TXN, ADI, NXPI, DIOD. See MCHP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/8/2026 (YTD)
How Low Can It Go
| Event | MCHP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -37.2% | -25.4% |
| % Gain to Breakeven | 59.2% | 34.1% |
| Time to Breakeven | 360 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.9% | -33.9% |
| % Gain to Breakeven | 99.4% | 51.3% |
| Time to Breakeven | 169 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.7% | -19.8% |
| % Gain to Breakeven | 68.5% | 24.7% |
| Time to Breakeven | 422 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.6% | -56.8% |
| % Gain to Breakeven | 153.5% | 131.3% |
| Time to Breakeven | 1,745 days | 1,480 days |
Compare to MU, TXN, ADI, NXPI, DIOD
In The Past
Microchip Technology's stock fell -37.2% during the 2022 Inflation Shock from a high on 12/27/2021. A -37.2% loss requires a 59.2% gain to breakeven.
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AI Analysis | Feedback
Here are 1-2 brief analogies for Microchip Technology (MCHP):
- Like **Texas Instruments (TI)** for microcontrollers and embedded systems.
- A highly diversified **Texas Instruments (TI)** that provides the 'brains' (microcontrollers) and 'senses' (analog chips) for countless electronic devices.
AI Analysis | Feedback
- Microcontrollers (MCUs): Tiny, specialized computers embedded in countless electronic devices to control their specific functions.
- Microprocessors (MPUs): More powerful programmable logic chips used in complex embedded systems, often running operating systems.
- Analog & Mixed-Signal Products: Components that manage power, amplify signals, convert data, and handle various real-world electrical functions.
- Field-Programmable Gate Arrays (FPGAs): Integrated circuits that can be configured by a customer or designer after manufacturing, providing flexible logic.
- Wireless Connectivity Solutions: Integrated circuits and modules enabling devices to communicate wirelessly via standards like Wi-Fi, Bluetooth, and LoRa.
- Timing & Synchronization Products: Devices providing precise clock signals and synchronization for various electronic systems and networks.
AI Analysis | Feedback
Microchip Technology (MCHP) primarily operates on a Business-to-Business (B2B) model, selling its semiconductor products to other companies rather than directly to individuals.
Based on their latest public filings, Microchip Technology serves a broad and diverse customer base. No single customer accounted for 10% or more of their net sales in fiscal years 2023, 2022, or 2021. This indicates that MCHP does not have a few concentrated "major customers" in the traditional financial reporting sense.
Instead, Microchip Technology's customer base consists of thousands of Original Equipment Manufacturers (OEMs), distributors, and contract manufacturers worldwide. These customers integrate MCHP's microcontrollers, analog, mixed-signal, and flash-IP solutions into a wide array of electronic products across various industries.
While Microchip Technology does not publicly disclose specific names of its individual major customers due to the fragmented nature of its sales, its components are widely used by companies in the following key markets. Below are examples of prominent companies within these markets that typically utilize semiconductor components like those offered by Microchip, and are therefore representative of their potential customer types:
- Automotive: Companies manufacturing vehicles or automotive electronics, e.g., Continental AG (XTRA: CON)
- Industrial: Companies producing industrial automation, smart energy, and medical devices, e.g., Siemens AG (XTRA: SIE)
- Computing & Consumer: Manufacturers of personal computers, servers, networking equipment, and consumer electronics, e.g., Apple Inc. (NASDAQ: AAPL), Dell Technologies Inc. (NYSE: DELL), Cisco Systems, Inc. (NASDAQ: CSCO)
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- Taiwan Semiconductor Manufacturing Company Limited (TSM)
- United Microelectronics Corporation (UMC)
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Steve Sanghi, Chair of the Board, CEO and President
Steve Sanghi was appointed Chief Executive Officer and President of Microchip Technology in November 2024, and also serves as Chair of the Board. He previously held the CEO role from October 1991 to March 2021. Prior to joining Microchip in February 1990, Mr. Sanghi started his career at Intel Corporation, where he rose to become General Manager of their programmable memory products division. He then served as Vice President of Operations at Waferscale Integration, a startup company. Companies he was previously involved with that were acquired include Waferscale Integration (acquired by STMicroelectronics NV in 2000) and Adflex Solutions, Inc. (acquired by Innovex, Inc. in 1999). Mr. Sanghi has also served on the boards of several other companies, including Mellanox Technologies Ltd., Hittite Microwave Corp., Xyratex Technology Ltd., FlipChip International LLC, Adflex Solutions Inc., Artisoft Inc., and Myomo Inc., and currently serves on the boards of Intel Corp and Impinj Inc.
Eric Bjornholt, Senior Corporate Vice President, Chief Financial Officer
Eric Bjornholt joined Microchip Technology in 1995 and has served as its Chief Financial Officer since 2009, in addition to his role as Senior Vice President. Before his tenure at Microchip, Mr. Bjornholt gained experience working for KPMG LLP.
Richard J. Simoncic, Chief Operating Officer
Richard J. Simoncic became Chief Operating Officer of Microchip Technology in April 2024, having joined the company as a new college graduate in 1989. He is recognized for founding Microchip's internal analog business in 1998, which he grew to achieve over $2 billion in annual revenue.
Michael A. Finley, Senior Corporate Vice President, Operations
Michael A. Finley joined Microchip Technology in 1990 and holds the position of Senior Vice President of Fab Operations. Prior to joining Microchip, he spent 10 years working in fab operations at Intel Corporation.
Joseph R. Krawczyk, Senior Corporate Vice President, Worldwide Client Engagement
Joseph R. Krawczyk has been with Microchip Technology since 1995, currently serving as Senior Vice President of Worldwide Client Engagement. His career at Microchip includes various leadership roles such as U.S. Southeast sales manager, ASEAN regional sales manager, and Vice President of Asia Pacific Client Engagement. Before Microchip, Mr. Krawczyk spent 14 years at Texas Instruments in engineering, marketing, and management capacities.
AI Analysis | Feedback
The key risks to Microchip Technology (MCHP) are primarily driven by the inherent characteristics of the semiconductor industry and global economic and political dynamics.
- Cyclical Nature of the Semiconductor Industry and Inventory Fluctuations: Microchip Technology is significantly exposed to the cyclical nature of the semiconductor industry, which leads to substantial fluctuations in demand and revenue. The company has recently faced challenges such as revenue declines, margin compression, and high inventory levels, indicating a market in correction. Prolonged downturns, especially in its key automotive and industrial segments, could critically erode revenue and pressure operating margins.
- Geopolitical Risks and Supply Chain Disruptions: The global nature of the semiconductor supply chain makes Microchip Technology highly vulnerable to geopolitical tensions, trade disputes (particularly between the U.S. and China), and political instability. These factors can disrupt the flow of critical components, equipment, and raw materials (like rare earth metals predominantly sourced from China), impacting production and market access. Such disruptions increase capital costs for companies like Microchip and necessitate a balance between reshoring incentives and operational efficiency.
- Intensifying Competition and Rapid Technological Change: Microchip Technology operates in a highly competitive and fast-evolving semiconductor market. It faces intense competition from both established players with greater resources and emerging companies that are constantly developing new and improved products. This competitive pressure, coupled with rapid technological advancements, demands continuous innovation and substantial research and development (R&D) investments to maintain technological leadership, prevent product obsolescence, and avoid price erosion.
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RISC-V Adoption: The rapid rise and industry backing of RISC-V, an open-standard instruction set architecture (ISA), poses a significant emerging threat. Unlike proprietary architectures like ARM (which Microchip licenses for some products) or their own PIC and AVR architectures, RISC-V is free to use, customize, and extend. This could lead to a proliferation of lower-cost, highly optimized custom processors from competitors and customers alike. As the RISC-V ecosystem matures with robust development tools, software libraries, and widespread developer support (backed by major players like Google, Intel, NVIDIA, and Qualcomm), it could divert designs away from Microchip's established microcontroller and embedded processor offerings across key markets like IoT, automotive, and industrial. This shift threatens to commoditize the core ISA layer and erode Microchip's competitive advantage derived from its proprietary architectures and extensive ARM licensing.
Hyperscalers and Large Tech Companies Designing Custom Silicon: Major customers of Microchip, including hyperscale cloud providers and large tech companies (e.g., Amazon, Google, Tesla, Apple, Microsoft), are increasingly designing their own highly specialized integrated circuits for internal use. These custom chips range from advanced CPUs/GPUs/AI accelerators to integrated system-on-chips (SoCs) that incorporate embedded control, power management, and interface functions that Microchip typically provides off-the-shelf. This trend reduces the demand for Microchip's standard products in high-volume, strategic applications within these companies. It could force Microchip to shift its business model from selling complete solutions to potentially supplying intellectual property (IP) or highly niche components, impacting market share, revenue streams, and profit margins in critical growth segments.
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The addressable markets for Microchip Technology's main products or services are as follows:
- Microcontrollers (MCUs): The global microcontroller market size was estimated at USD 36.22 billion in 2024 and is projected to reach USD 105.32 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 12.8% from 2025 to 2033.
- Analog Semiconductors: The global analog semiconductor market size was valued at USD 101.22 billion in 2024 and is predicted to increase from USD 107.23 billion in 2025 to approximately USD 180.24 billion by 2034, expanding at a CAGR of 5.94% from 2025 to 2034.
- Mixed-Signal ICs: The global mixed-signal IC market size was valued at USD 127.5 billion in 2024 and is estimated to reach USD 188.7 billion by 2033, exhibiting a CAGR of 4.5% during 2025-2033.
- Field Programmable Gate Arrays (FPGAs): The global FPGA market was valued at USD 13.63 billion in 2024 and is expected to grow at a CAGR of 10.30% from 2025 to 2034.
- Power Management ICs (PMICs): The global power management IC market size accounted for USD 40.86 billion in 2024 and is expected to exceed USD 79.11 billion by 2034, growing at a CAGR of 6.83% from 2025 to 2034.
- Wireless Connectivity: The global wireless connectivity market size was estimated at USD 103.87 billion in 2024 and is predicted to increase from USD 118.32 billion in 2025 to approximately USD 373.00 billion by 2034, expanding at a CAGR of 13.64% from 2025 to 2034.
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Microchip Technology (MCHP) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:
- Alignment with Megatrends: Microchip is strategically focusing on and aligning its product offerings with significant industry megatrends such as AI/ML, data centers, E-Mobility, the Internet of Things (IoT), sustainability, and networking/connectivity. This strategic alignment is intended to capture sustainable future growth in high-growth areas. The company's expertise in embedded systems, analog and interface technologies, and security solutions positions it well within these markets.
- Product Innovation and Expansion into High-Growth Markets: The company consistently invests in research and development to introduce new and improved products. Microchip is actively expanding its presence in critical markets like automotive, industrial, and data centers. Notably, the automotive sector significantly increased its revenue contribution from fiscal 2024 to fiscal 2025. Furthermore, the microcontroller (MCU) business has shown strong sequential growth, particularly from 32-bit MCUs, and Microchip has entered the 64-bit embedded microprocessor market to strengthen its position in AI-enabled edge solutions.
- Strategic Acquisitions: Microchip has a history of utilizing carefully planned acquisitions to expand its product offerings, enhance technological capabilities, and diversify revenue streams. The successful integration of these acquired companies has generated synergies and cost savings, which further supports the company's long-term growth foundation.
- Strong Design-in Activity and Total System Solution (TSS) Approach: The company boasts a robust design-in pipeline across its various end markets, megatrends, and key customers, which is anticipated to fuel above-market long-term growth. Microchip's comprehensive product portfolio, known as the Total System Solution (TSS), offers a streamlined approach for design engineers, facilitating quicker market entry and ensuring product longevity.
- Recovery from Inventory Correction and Increased Demand: After navigating a significant inventory correction within the semiconductor industry, Microchip is experiencing a recovery driven by inventory adjustments. Management expects this above-seasonal growth to continue, with strong bookings and extending product lead times indicating tightening supply and increasing demand.
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Share Repurchases
- Microchip Technology's Board of Directors authorized a new program on November 8, 2021, to purchase up to $4.0 billion of its common stock. This replaced a previous program to repurchase up to 30 million shares.
- From fiscal year 2019 through the first quarter of fiscal year 2026, the company allocated approximately $2.4 billion to share repurchases.
- These repurchases are expected to be funded through available cash flow from operations, after capital expenditures and dividend payments.
Outbound Investments
- Microchip Technology has pursued strategic acquisitions to expand its market presence and technological capabilities.
- In April 2024, Microchip acquired Neuronix AI, an AI-based computer vision provider, for an undisclosed amount.
- Other recent acquisitions include IconicRF in December 2021 and LegUp Computing and Tekron in October 2020, all for undisclosed amounts.
Capital Expenditures
- Capital expenditures averaged $272 million annually from fiscal years ending March 2021 to 2025. The peak was $486.2 million in March 2023, while the low was $92.6 million in March 2021.
- For fiscal year 2025, capital expenditures are expected to be approximately $135 million.
- Microchip anticipates capital expenditures for fiscal year 2026 to be at or below $100 million, reflecting a pause in most factory expansion actions and reduced planned investments due to a slowing macroeconomic environment.
Latest Trefis Analyses
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Peer Comparisons for Microchip Technology
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 213.17 |
| Mkt Cap | 103.4 |
| Rev LTM | 11,532 |
| Op Inc LTM | 3,002 |
| FCF LTM | 1,925 |
| FCF 3Y Avg | 1,770 |
| CFO LTM | 3,566 |
| CFO 3Y Avg | 3,797 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.2% |
| Rev Chg 3Y Avg | -3.4% |
| Rev Chg Q | 13.1% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Mgn LTM | 26.1% |
| Op Mgn 3Y Avg | 24.1% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 30.0% |
| CFO/Rev 3Y Avg | 32.1% |
| FCF/Rev LTM | 13.9% |
| FCF/Rev 3Y Avg | 13.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 103.4 |
| P/S | 9.1 |
| P/EBIT | 29.0 |
| P/E | 32.4 |
| P/CFO | 25.3 |
| Total Yield | 3.1% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.6% |
| 3M Rtn | 10.3% |
| 6M Rtn | 1.2% |
| 12M Rtn | 25.0% |
| 3Y Rtn | 36.6% |
| 1M Excs Rtn | 5.0% |
| 3M Excs Rtn | 5.9% |
| 6M Excs Rtn | -9.0% |
| 12M Excs Rtn | 6.0% |
| 3Y Excs Rtn | -36.6% |
Comparison Analyses
Price Behavior
| Market Price | $73.53 | |
| Market Cap ($ Bil) | 39.7 | |
| First Trading Date | 03/19/1993 | |
| Distance from 52W High | -1.8% | |
| 50 Days | 200 Days | |
| DMA Price | $61.13 | $60.76 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 20.3% | 21.0% |
| 3M | 1YR | |
| Volatility | 52.2% | 60.2% |
| Downside Capture | 240.87 | 172.16 |
| Upside Capture | 270.00 | 174.20 |
| Correlation (SPY) | 55.8% | 71.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.82 | 1.82 | 2.14 | 1.64 | 2.18 | 1.96 |
| Up Beta | -4.40 | -0.63 | 0.87 | 1.23 | 2.42 | 2.10 |
| Down Beta | 2.51 | 1.86 | 2.42 | 2.69 | 2.61 | 2.11 |
| Up Capture | 656% | 283% | 248% | 94% | 224% | 507% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 12 | 19 | 32 | 59 | 125 | 374 |
| Down Capture | 186% | 215% | 218% | 152% | 133% | 111% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 9 | 21 | 31 | 67 | 125 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| MCHP vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MCHP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 31.5% | 22.9% | 17.5% | 69.0% | 6.5% | 3.7% | -7.1% |
| Annualized Volatility | 59.9% | 27.5% | 19.3% | 19.9% | 15.4% | 17.0% | 34.8% |
| Sharpe Ratio | 0.68 | 0.73 | 0.71 | 2.52 | 0.21 | 0.05 | -0.06 |
| Correlation With Other Assets | 68.9% | 71.3% | 6.9% | 32.9% | 48.1% | 35.4% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| MCHP vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MCHP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.5% | 18.2% | 14.6% | 18.3% | 11.7% | 5.0% | 25.9% |
| Annualized Volatility | 44.0% | 24.7% | 17.1% | 15.7% | 18.8% | 18.9% | 48.5% |
| Sharpe Ratio | 0.22 | 0.66 | 0.69 | 0.94 | 0.50 | 0.18 | 0.52 |
| Correlation With Other Assets | 72.5% | 70.8% | 12.0% | 18.5% | 45.7% | 28.7% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 10-Year Data
| MCHP vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MCHP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.1% | 22.2% | 14.7% | 15.0% | 7.0% | 5.1% | 71.1% |
| Annualized Volatility | 41.1% | 24.2% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.46 | 0.84 | 0.70 | 0.84 | 0.32 | 0.22 | 0.91 |
| Correlation With Other Assets | 73.4% | 71.2% | 6.9% | 24.1% | 47.7% | 21.4% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -5.2% | -7.6% | 13.7% |
| 8/7/2025 | -6.6% | -0.3% | -0.7% |
| 5/8/2025 | 12.6% | 23.7% | 39.6% |
| 2/6/2025 | -2.3% | 2.2% | 1.4% |
| 11/5/2024 | -1.8% | -10.4% | -21.9% |
| 8/1/2024 | -10.6% | -8.4% | -2.1% |
| 5/6/2024 | -1.8% | -1.3% | 1.0% |
| 2/1/2024 | -1.6% | -1.5% | 2.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 15 |
| # Negative | 11 | 11 | 9 |
| Median Positive | 4.9% | 2.5% | 7.2% |
| Median Negative | -2.3% | -3.8% | -5.4% |
| Max Positive | 12.6% | 24.3% | 39.6% |
| Max Negative | -10.6% | -10.4% | -21.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/07/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/23/2025 | 10-K (03/31/2025) |
| 12/31/2024 | 02/06/2025 | 10-Q (12/31/2024) |
| 09/30/2024 | 11/05/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/01/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/23/2024 | 10-K (03/31/2024) |
| 12/31/2023 | 02/01/2024 | 10-Q (12/31/2023) |
| 09/30/2023 | 11/02/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/03/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/25/2023 | 10-K (03/31/2023) |
| 12/31/2022 | 02/02/2023 | 10-Q (12/31/2022) |
| 09/30/2022 | 11/03/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/02/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/20/2022 | 10-K (03/31/2022) |
| 12/31/2021 | 02/03/2022 | 10-Q (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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