Stocks of Microchip Technology, Inc (NASDAQ:MCHP) traded higher last session on Wall Street, up 0.38% to $60.80.
MCHP stock price is now 25.08% away from the 50-day moving average and -3.42% away from the 200-day moving average. The market capitalization of the company currently stands at $32.70B.
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, Johnson Karlton D, Director bought 494 shares of the company’s stock on May 20 ’25. The stock was bought for $29,981 at an average price of $60.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 25 ’25, SENIOR VP AND CFO Bjornholt James Eric sold 3,724 shares of the business’s stock. A total of $226,717 was realized by selling the stock at an average price of $60.88. This leaves the insider owning 33,272 shares of the company worth $2.02 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 $100.57. As of last week, the company has a debt-to-equity ratio of 0.80, 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.
