Microchip Technology, Inc (NASDAQ:MCHP) shares traded -2.08% lower at $57.46 on Wall Street last session.
MCHP stock price is now 17.02% away from the 50-day moving average and -8.11% away from the 200-day moving average. The market capitalization of the company currently stands at $30.99B.
With the price target maintained at $56, BofA Securities recently Upgraded its rating from Underperform to Neutral for Microchip Technology, Inc (NASDAQ: MCHP). On May 09, 2025, UBS reiterated its ‘Buy’ rating on the stock by increasing its target price from $55 to quote $60, while ‘Truist’ rates the stock as ‘Hold’
In other news, Bjornholt James Eric, SENIOR VP AND CFO sold 2,015 shares of the company’s stock on May 23 ’25. The stock was sold for $112,397 at an average price of $55.78. Upon completion of the transaction, the SENIOR VP AND CFO now directly owns 34,313 shares in the company, valued at $1.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’25, Officer Bjornholt James Eric bought 2,015 shares of the business’s stock. A total of $112,276 was incurred on buying the stock at an average price of $55.72. A total of 2.13% of the company’s stock is owned by insiders.
During the past 12 months, Microchip Technology, Inc has had a low of $34.12 and a high of $98.99. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 2.59, and a quick ratio of 1.47.
The net profit margin was -0.06% and return on equity was -0.01% for MCHP. The company reported revenue of $970.5 million for the quarter, compared to $1.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.8 percent.
