Microchip Technology Inc (NASDAQ: MCHP) has reported E.P.S. of $1.23 for its second fiscal quarter (ending September 30) versus $0.99 for the same period a year ago — an increase of 24%. For the latest four quarters through September 30, E.P.S. were $4.61 compared to $3.34 a year ago — an increase of 38%.
Recent Price Action
Microchip Technology Inc (NASDAQ: MCHP) stock closed at $73.60 on 11/2/23 after a large increase of 3.6%. The stock has been strong relative to the market over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MCHP is expected to continue to be a major Value Builder.
Microchip Technology has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Microchip Technology has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 57, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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