Currently, there are 537.82M common shares owned by the public and among those 526.38M shares have been available to trade.
The company’s stock has a 5-day price change of 15.49% and 6.63% over the past three months. MCHP shares are trading -3.52% year to date (YTD), with the 12-month market performance down to -39.90% lower. It has a 12-month low price of $34.12 and touched a high of $100.57 over the same period. MCHP has an average intraday trading volume of 12.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.48%, 14.83%, and -13.34% respectively.
Institutional ownership of Microchip Technology, Inc (NASDAQ: MCHP) shares accounts for 96.08% of the company’s 537.82M shares outstanding.
It has a market capitalization of $29.76B and a beta (3y monthly) value of 1.40. The earnings-per-share (ttm) stands at -$0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.98% over the week and 4.78% over the month.
Analysts forecast that Microchip Technology, Inc (MCHP) will achieve an EPS of 0.22 for the current quarter, 0.3 for the next quarter and 2.53 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.21 while analysts give the company a high EPS estimate of 0.21. Comparatively, EPS for the current quarter was 0.53 a year ago. Earnings per share for the fiscal year are expected to increase by 4.46%, and 85.36% over the next financial year.
Looking at the support for the MCHP, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on May 09, 2025, with the firm’s price target at $56. UBS coverage for the Microchip Technology, Inc (MCHP) stock in a research note released on May 09, 2025 offered a Buy rating with a price target of $60. Truist was of a view on May 09, 2025 that the stock is Hold, while TD Cowen gave the stock Hold rating on May 09, 2025, issuing a price target of $35- $55. Stifel on their part issued Buy rating on May 09, 2025.
