Microchip Technology, Inc (NASDAQ: MCHP) is -21.13% lower on its value in year-to-date trading and has touched a low of $34.12 and a high of $93.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MCHP stock was last observed hovering at around $74.3 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $74.78, the stock is 3.13% and 13.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.24 million and changing 0.65% at the moment leaves the stock 22.69% off its SMA200. MCHP registered 30.39% gain for a year compared to 6-month gain of 31.19%. The firm has a 50-day simple moving average (SMA 50) of $65.974 and a 200-day simple moving average (SMA200) of $60.9491.
The stock witnessed a 10.47% loss in the last 1 month and extending the period to 3 months gives it a 97.05%, and is 0.30% 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 2.50% over the week and 2.84% over the month.
Microchip Technology, Inc (MCHP) has around 19400 employees, a market worth around $40.36B and $4.40B in sales. Fwd P/E is 29.31. Profit margin for the company is -0.06%. Distance from 52-week low is 119.14% and -19.86% 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 7.17% this year, but quarterly earnings will post 3.99% year-over-year. Quarterly sales are estimated to shrink -15.15% in year-over-year returns.
Microchip Technology, Inc (MCHP) Top Institutional Holders
1449.0 institutions hold shares in Microchip Technology, Inc (MCHP), with institutional investors hold 102.85% of the company’s shares. The shares outstanding are 538.70M, and float is at 528.15M with Short Float at 6.69%. Institutions hold 100.69% 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
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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.
