Microchip Technology, Inc (NASDAQ: MCHP) is 13.78% higher on its value in year-to-date trading and has touched a low of $34.12 and a high of $96.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MCHP stock was last observed hovering at around $64.37 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $65.25, the stock is 8.16% and 29.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.84 million and changing 1.37% at the moment leaves the stock 5.35% off its SMA200. MCHP registered -30.59% loss for a year compared to 6-month loss of -0.21%. The firm has a 50-day simple moving average (SMA 50) of $50.3912 and a 200-day simple moving average (SMA200) of $61.9348.
The stock witnessed a 35.71% gain in the last 1 month and extending the period to 3 months gives it a 9.17%, and is 12.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.86% over the week and 4.02% over the month.
Microchip Technology, Inc (MCHP) has around 19400 employees, a market worth around $35.20B and $4.40B in sales. Fwd P/E is 25.65. Profit margin for the company is -0.06%. Distance from 52-week low is 91.21% and -32.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.02%).
with sales reaching $1.05B over the same period.The EPS is expected to grow by 5.62% this year, but quarterly earnings will post 3.93% year-over-year. Quarterly sales are estimated to shrink -15.21% in year-over-year returns.
Microchip Technology, Inc (MCHP) Top Institutional Holders
1468.0 institutions hold shares in Microchip Technology, Inc (MCHP), with institutional investors hold 102.94% of the company’s shares. The shares outstanding are 538.70M, and float is at 527.90M with Short Float at 5.79%. Institutions hold 100.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 68.03 million shares valued at $6.22 billion. The investor’s holdings represent 12.6749% of the MCHP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 45.69 million shares valued at $4.18 billion to account for 8.513 of the shares outstanding. The other top investors are STATE STREET CORP which holds 25.49 million shares representing 4.7498% and valued at over $2.33 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 3.4539 of the shares totaling 18.54 million with a market value of $1.7 billion.
Microchip Technology, Inc (MCHP) Insider Activity
Microchip Technology, Inc disclosed in a document filed with the SEC on May 23 ’25 that Bjornholt James Eric (SENIOR VP AND CFO) sold a total of 2,015 shares of the company’s common stock. The trade occurred on May 23 ’25 and was made at $55.78 per share for $0.11 million. Following the transaction, the insider now directly holds 34313.0 shares of the MCHP stock.
Still, SEC filings show that on May 23 ’25, Bjornholt James Eric (Officer) Proposed Sale 2,015 shares at an average price of $55.72 for $0.11 million. The insider now directly holds shares of Microchip Technology, Inc (MCHP).
