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Microchip Technology (NASDAQ:)’s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the ‘s daily gain of 1.06%, Dow’s increase of 0.93%, and Nasdaq’s appreciation of 1.2%. This occurred despite a slight monthly stock decline of 0.22%, which contributed to the Computer and Technology sector’s 2.02% loss and the S&P 500’s 3% loss.
According to InvestingPro data, the company has a market cap of $42.9 billion.
Looking ahead, the company forecasts an impressive earnings per share (EPS) of $1.62, a rise of 10.96% and revenue of $2.26 billion, up by 8.95%. These figures are in line with Zacks Consensus Estimates, which predict annual earnings of $6.07 per share and revenue of $8.69 billion. These estimates represent changes of +0.83% and +3.03% respectively from the previous year.
The Semiconductor – Analog and Mixed industry currently holds a Zacks Industry Rank of 160, positioning it in the bottom 37% of all industries. Historically, industries rated in the top half have outperformed those in the bottom half by a factor of two to one.
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