Currently, there are 538.70M common shares owned by the public and among those 527.89M shares have been available to trade.
The company’s stock has a 5-day price change of 3.28% and 30.69% over the past three months. MCHP shares are trading -20.88% year to date (YTD), with the 12-month market performance up to 22.81% higher. It has a 12-month low price of $34.12 and touched a high of $96.98 over the same period. MCHP has an average intraday trading volume of 11.92 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 8.09%, 26.09%, and 14.91% respectively.
Institutional ownership of Microchip Technology, Inc (NASDAQ: MCHP) shares accounts for 97.31% of the company’s 538.70M shares outstanding.
It has a market capitalization of $37.99B and a beta (3y monthly) value of 1.47. 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 1.37% over the week and 2.46% over the month.
Earnings per share for the fiscal year are expected to increase by 5.68%, and 84.16% over the next financial year.
Looking at the support for the MCHP, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Neutral rating for the stock in a research note on June 18, 2025, with the firm’s price target at $70. BofA Securities coverage for the Microchip Technology, Inc (MCHP) stock in a research note released on May 09, 2025 offered a Neutral rating with a price target of $56. UBS was of a view on May 09, 2025 that the stock is Buy, while Truist gave the stock Hold rating on May 09, 2025, issuing a price target of $43- $52. TD Cowen on their part issued Hold rating on May 09, 2025.
