Microchip Technology (NASDAQ: MCHP) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $37.80 as of 9:36 a.m. ET, the dividend yield is 3.8%. The average volume for Microchip Technology has been 2.0 million shares per day over the past 30 days. Microchip Technology has a market cap of $7.3 billion and is part of the electronics industry. Shares are up 14.8% year to date as of the close of trading on Wednesday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. Microchip Technology Incorporated engages in the development, manufacture, and sale of semiconductor products for embedded control applications. The company has a P/E ratio of 19.79. TheStreet Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Microchip Technology Ratings Report now.
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