SLIDESHOW: Top 15 Cheapest Nasdaq Stocks
By Dividend Channel Staff, updated Sun, April 28, 8:04 AM
This Slide: #1 of 15 |
#15. Microchip Technology
Trading Symbol
MCHP
Recent Price
93.60
TTM Earnings
5.98
PE Ratio (TTM)
15.7
Avg Past PE (TTM)
16.9
Market Cap
50.6B
#15. Microchip Technology
Trading Symbol
MCHP
Recent Price
93.60
TTM Earnings
5.98
PE Ratio (TTM)
15.7
Avg Past PE (TTM)
16.9
Market Cap
50.6B
Microchip Technology develops, manufactures and sells smart, connected and secure embedded control solutions. Co.'s product portfolio is a Total System Solution (TSS) for its customers that can provide a portion of the silicon requirements in their applications. TSS is a combination of hardware, software and services. Co. provides a family of proprietary general purpose mixed-signal microcontroller products marketed under multiple brand names. Co. also provides other mixed-signal microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity and wireless connectivity applications. More details about Microchip Technology at: http://www.microchip.com.
ETFs holding MCHP »
Should Microchip Technology shares be counted among the Top 15 Cheapest Nasdaq Stocks? To start, we see that the recent trading price for MCHP stock is $93.60 (as of 4/26/2024). The most recent quarter's (MRQ) earnings result, annualized, was $4.32/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Microchip Technology produced $5.98/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $6.52/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 14.4 for the TTM Median method, 21.7 for price to earnings using MRQ annualized, and 15.7 for current price/TTM earnings. Based on MCHP's history, that recent TTM PE is low relative to the historical average, with the recent PE 7.1% lower than the average (TTM method) of 16.9.
Should Microchip Technology shares be counted among the Top 15 Cheapest Nasdaq Stocks? To start, we see that the recent trading price for MCHP stock is $93.60 (as of 4/26/2024). The most recent quarter's (MRQ) earnings result, annualized, was $4.32/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Microchip Technology produced $5.98/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $6.52/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 14.4 for the TTM Median method, 21.7 for price to earnings using MRQ annualized, and 15.7 for current price/TTM earnings. Based on MCHP's history, that recent TTM PE is low relative to the historical average, with the recent PE 7.1% lower than the average (TTM method) of 16.9.
MCHP Next Dividend Date » (Projection based upon history) MCHP Dividend Growth Rate » Quotes delayed 20 minutes |
Buy (3.48 out of 4) 58th percentile
(ranked higher than approx. 58% of all stocks covered)
Analysts' Target Price: MCHP Forecast Based on data provided by Zacks Investment Research via Quandl.com |
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