Microchip Technology, Inc (NASDAQ:MCHP) shares traded -0.68% lower at $74.05 on Wall Street last session.
MCHP stock price is now 16.03% away from the 50-day moving average and 21.32% away from the 200-day moving average. The market capitalization of the company currently stands at $39.96B.
With the price target of $88, Goldman recently initiated with Buy rating for Microchip Technology, Inc (NASDAQ: MCHP). On June 18, 2025, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $70, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, KARLTON JOHNSON, Director bought 456 shares of the company’s stock on Jun 06 ’25. The stock was bought for $30,029 at an average price of $65.85. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’25, SENIOR VP AND CFO Bjornholt James Eric sold 2,015 shares of the business’s stock. A total of $112,397 was realized by selling the stock at an average price of $55.78. This leaves the insider owning 34,313 shares of the company worth $2.54 million. 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 $96.98. 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 fifty day moving average price for MCHP is $63.8198 and a two-hundred day moving average price translates $61.03855 for the stock.
The latest earnings results from Microchip Technology, Inc (NASDAQ: MCHP) was released for 2025-03-31. 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. For the current quarter, analysts expect MCHP to generate $1.05B in revenue.
