Steve Sanghi became the CEO of Microchip Technology Incorporated (NASDAQ:MCHP) in 1991, and we think it’s a good time to look at the executive’s compensation against the backdrop of overall company performance. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company.
Check out our latest analysis for Microchip Technology
How Does Total Compensation For Steve Sanghi Compare With Other Companies In The Industry?
According to our data, Microchip Technology Incorporated has a market capitalization of US$29b, and paid its CEO total annual compensation worth US$6.9m over the year to March 2020. That’s a notable decrease of 46% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$811k.
For comparison, other companies in the industry with market capitalizations above US$8.0b, reported a median total CEO compensation
Microchip Technology stock (NASDAQ: MCHP) is down around 5% since the beginning of this year, but at the current price of around $98 per share, we believe that Microchip stock could see more downside.
Why is that? Our belief stems from the fact that MCHP stock has jumped 1.4x from the low seen at the end of 2018, around 1.5 years ago. Our dashboard What Factors Drove 39% Change In Microchip Technology Stock Between 2018 And Now? provides the key numbers behind our thinking, and we explain more below.
Microchip Technology is a manufacturer of microcontroller and analog integrated circuits used in a wide variety of semiconductor applications. The stock rise over the past year and a