Previous close | 85.34 |
Open | 84.29 |
Bid | 84.29 x 800 |
Ask | 85.90 x 900 |
Day's range | 83.80 - 86.24 |
52-week range | 54.33 - 87.76 |
Volume | |
Avg. volume | 4,703,031 |
Market cap | 46.459B |
Beta (5Y monthly) | 1.59 |
PE ratio (TTM) | 25.75 |
EPS (TTM) | 3.28 |
Earnings date | 02 Feb 2023 |
Forward dividend & yield | 1.31 (1.62%) |
Ex-dividend date | 21 Nov 2022 |
1y target est | 96.00 |
Microchip's (MCHP) third-quarter fiscal 2023 results reflect continued momentum in the microcontroller business despite the weaker business environment in China.
Microchip Tech (MCHP) delivered earnings and revenue surprises of 0.65% and 0.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Record net sales of $2.169 billion, up 4.6% sequentially and up 23.4% from the year ago quarter. The midpoint of our guidance provided on November 3, 2022 was net sales of $2.156 billion. On a GAAP basis: record gross margin of 67.8%; record operating income of $811.6 million and a record 37.4% of net sales; record net income of $580.3 million; and record EPS of $1.04 per diluted share. Our guidance provided on November 3, 2022 was for GAAP EPS of $1.03 to $1.07 per diluted share. On a Non-GAAP