In Friday’s Wall Street session, Microchip Technology, Inc (NASDAQ:MCHP) shares traded at $68.02, up 68.97% from the previous session.
MCHP stock price is now 0.81 away from the 50-day moving average and May 08 AMC away from the 200-day moving average. The market capitalization of the company currently stands at $37.20B.
With the price target of $70, Cantor Fitzgerald recently initiated with Neutral rating for Microchip Technology, Inc (NASDAQ: MCHP). On May 09, 2025, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $56, while ‘UBS’ rates the stock as ‘Buy’
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 $2.33 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 1.47, a current ratio of 9.59, and a quick ratio of 37.50. The fifty day moving average price for MCHP is $54.7528 and a two-hundred day moving average price translates $61.36145 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.
