Effectively hedging the stocks in today’s share market: Microchip Technology Incorporated (NASDAQ: MCHP)

Overview:

Microchip Technology Incorporated (NASDAQ:MCHP), from Technology sector has been doing well recently.

Microchip Technology Incorporated has been operating with a total market capitalizations of 19.32B and has reported a price of $84.08 today, highlighting a positive change of 0.07%.

The average volume stands at 2358.52 for Microchip Technology Incorporated.

Performance:

The performance week for Microchip Technology Incorporated is at -1.13% while the performance month is at 3.93%. The quarterly and half-yearly performance stats are 4.85% and 18.91% respectively.

The performance (Year to Date) is currently at 30.97%.

The current operating margin for Microchip Technology Incorporated is at 13.90%.

The return on assets for Microchip Technology Incorporated stands at 6.00%, (ROA – calculated by dividing the total annual earnings by the company’s total assets –  illustrates how profitable a company really is in relation to its total assets). The dividend yield stands at 1.73% while the payout ratio is 71.70%.

At present the return on equity (ROE) stands at 15.20% and the debt to equity is at 0.88.

Technical:

Microchip Technology Incorporated’s 52-week high is currently at and the 52-weel low is at . The simple 20 day moving average stands at and the simple 200-day moving average is at .

A simple definition of the simple moving average: The simple moving average (SMA) is calculated by adding the closing price of the stock for the given time periods, say for 20 days, and then dividing it by that time period- i.e 20. It usually helps to smooth out the ‘noise’ by filtering out random price movements. Since SMA is based on past data, it will tend to have a lag. The longer the time period the greater the lag. So a 20-day SMA will have less lag than the 200-day SMA. Shorter SMAs are used for short-term trading and vice versa.

The earnings per share growth rate for this year stands at -51.30% and 7.12% for the coming year.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and will not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are for demonstration purposes only. They should not be utilized to make stock portfolio or financial decisions as they are based on limited and open source information only. Hence the assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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