| | | MCHP also call this quarter the bottom. They aren't always right, but still--their products are the nuts and bolts of many tech products.
Microchip Technology Up Over 8%, on Pace for Largest Percent Increase Since September 2015 -- Data Talk
DOW JONES & COMPANY, INC. 12:18 PM ET 2/6/2019
Symbol Last Price Change |
| MCHP | 89.82 | +6.58 (+7.9%) | | QUOTES AS OF 12:47:18 PM ET 02/06/2019 |
Microchip Technology Incorporated (MCHP) is currently at $90.32, up $7.08 or 8.51%
-- Would be highest close since Aug. 9, 2018, when it closed at $98.08
-- On pace for largest percent increase since Sept. 8, 2015, when it rose 9.41%
-- CEO Steve Sanghi said on the company's earnings call Tuesday, "Barring any material negative development on the trade front, we see the March 2019 quarter to mark the bottom of the cycle for Microchip"
-- On Tuesday, Microchip said third-quarter earnings rose to $49.2 million, or 20 cents a share, after a net loss of $ 251.1 million, or $1.07 a share, in the comparable period a year earlier. Analysts polled by FactSet expected net income of 53 cents a share. Adjusted for share-based compensation, expenses related to acquisitions and other expenses, the company's profit of $1.66 a share surpassed the $1.57 a share analysts forecasted for the quarter
-- Up 25.58% year-to-date
-- Down 12.57% from its all-time closing high of $103.31 on June 6, 2018
-- Up 8.94% from 52 weeks ago (Feb. 7, 2018), when it closed at $82.91
-- Down 12.57% from its 52-week closing high of $103.31 on June 6, 2018
-- Up 47.34% from its 52-week closing low of $61.30 on Oct. 24, 2018
-- Third-best performer in the S&P 500 today
-- Second-best performer in the Nasdaq 100 today
All data as of 12:05:43 PM
Source: Dow Jones Market Data, FactSet
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