Microchip Technology, Inc [NASDAQ: MCHP] traded at a low on Tuesday, posting a -1.41 loss after which it closed the day’ session at $57.47.
The results of the trading session contributed to over 10216292 shares changing hands. Over the past one week, the price volatility of Microchip Technology, Inc stands at 3.38% while the volatility over the past one month is 3.15%.
The market cap for MCHP stock reached $30.86 billion, with 537.01 million shares outstanding and 525.59 million shares in the current float. Compared to the average trading volume of 7.33M shares, MCHP reached a trading volume of 10216292 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Microchip Technology, Inc [MCHP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MCHP shares is $83.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MCHP stock is a recommendation set at 1.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Microchip Technology, Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 16, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $80 to $70. The new note on the price target was released on November 06, 2024, representing the official price target for Microchip Technology, Inc stock. Previously, the target price had yet another drop from $89 to $80, while Truist kept a Hold rating on MCHP stock. On August 16, 2024, analysts increased their price target for MCHP shares from 90 to 100.
The Average True Range (ATR) for Microchip Technology, Inc is set at 2.08, with the Price to Sales ratio for MCHP stock in the period of the last 12 months amounting to 5.61. The Price to Book ratio for the last quarter was 4.92, with the Price to Cash per share for the same quarter was set at 0.53. Price to Free Cash Flow for MCHP in the course of the last twelve months was 20.43 with Quick ratio for the last quarter at 0.48.
How has MCHP stock performed recently?
Microchip Technology, Inc [MCHP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.61. With this latest performance, MCHP shares dropped by -1.34% in over the last four-week period, additionally sinking by -37.76% over the last 6 months – not to mention a drop of -31.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MCHP stock in for the last two-week period is set at 39.26, with the RSI for the last a single of trading hit 41.45, and the three-weeks RSI is set at 38.58 for Microchip Technology, Inc [MCHP]. The present Moving Average for the last 50 days of trading for this stock 64.93, while it was recorded at 57.53 for the last single week of trading, and 80.60 for the last 200 days.
Microchip Technology, Inc [MCHP]: Deeper insight into the fundamentals
Microchip Technology, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.48 and a Current Ratio set at 0.88.
Earnings analysis for Microchip Technology, Inc [MCHP]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MCHP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Microchip Technology, Inc go to 26.30%.
Insider trade positions for Microchip Technology, Inc [MCHP]
There are presently around $97.65%, or 99.75%% of MCHP stock, in the hands of institutional investors. The top three institutional holders of MCHP stocks are: VANGUARD GROUP INC with ownership of 68.03 million shares, which is approximately 12.6231%. BLACKROCK INC., holding 45.69 million shares of the stock with an approximate value of $$4.18 billion in MCHP stocks shares; and BLACKROCK INC., currently with $$2.33 billion in MCHP stock with ownership which is approximately 4.7304%.
