Microchip Technology, Inc (MCHP) concluded trading on Thursday at a closing price of $51.00, with 13.86 million shares of worth about $706.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.77% during that period and on March 20, 2025 the price saw a loss of about -6.54%. Currently the company’s common shares owned by public are about 537.76M shares, out of which, 526.38M shares are available for trading.
Stock saw a price change of -1.72% in past 5 days and over the past one month there was a price change of -19.80%. Year-to-date (YTD), MCHP shares are showing a performance of -11.07% which decreased to -42.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $50.21 but also hit the highest price of $100.57 during that period. The average intraday trading volume for Microchip Technology, Inc shares is 9.65 million. The stock is currently trading -9.70% below its 20-day simple moving average (SMA20), while that difference is down -9.32% for SMA50 and it goes to -29.26% lower than SMA200.
Microchip Technology, Inc (NASDAQ: MCHP) currently have 537.76M outstanding shares and institutions hold larger chunk of about 96.17% of that.
The stock has a current market capitalization of $27.43B and its 3Y-monthly beta is at 1.46. PE ratio of stock for trailing 12 months is 89.93, while it has posted earnings per share of $0.57 in the same period. It has Quick Ratio of 1.23 while making debt-to-equity ratio of 1.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCHP, volatility over the week remained 2.87% while standing at 4.46% over the month.
Stock’s fiscal year EPS is expected to drop by -73.61% while it is estimated to decrease by -2.27% in next year. EPS is likely to shrink at an annualized rate of -19.97% for next 5-years, compared to annual growth of 37.42% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on March 04, 2025 offering a Hold rating for the stock and assigned a target price range of between $50 and $60 to it. Coverage by B. Riley Securities stated Microchip Technology, Inc (MCHP) stock as a Buy in their note to investors on January 24, 2025, suggesting a price target of $85 for the stock. On December 16, 2024, BofA Securities Downgrade their recommendations, while on November 06, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $70. Stock get a Hold rating from Truist on September 23, 2024.
