Microchip Technology, Inc (NASDAQ:MCHP) has a beta value of 1.49 and has seen 2.37 million shares traded in the recent trading session. The company, currently valued at $32.99B, closed the recent trade at $61.34 per share which meant it lost -$0.96 on the day or -1.54% during that session. The MCHP stock price is -63.96% off its 52-week high price of $100.57 and 44.38% above the 52-week low of $34.12.
The consensus among analysts is that Microchip Technology, Inc (MCHP) is Buy stock at the moment, with a recommendation rating of 1.65. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 14 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
Microchip Technology, Inc (NASDAQ:MCHP) trade information
Sporting -1.54% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MCHP stock price touched $61.34 or saw a rise of 2.82%. Year-to-date, Microchip Technology, Inc shares have moved 6.96%, while the 5-day performance has seen it change 27.58%. Over the past 30 days, the shares of Microchip Technology, Inc (NASDAQ:MCHP) have changed 57.77%.
Wall Street analysts have a consensus price target for the stock at $63, which means that the shares’ value could jump 2.63% from the levels at last check today.. The projected low price target is $43.0 while the price target rests at a high of $90.0. In that case, then, we find that the latest price level in today’s session is -46.72% off the targeted high while a plunge would see the stock lose 29.9% from the levels at last check today..
Microchip Technology, Inc (MCHP) estimates and forecasts
The company’s shares have lost -15.82% over the past 6 months.
Earnings growth for 2025 is a modest 4.46% while over the next 5 years, the company’s earnings are expected to increase by 34.64%.
MCHP Dividends
Microchip Technology, Inc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.82 at a share yield of 2.96%. The company’s dividend yield has gone up over the past 12 months.
Microchip Technology, Inc (NASDAQ:MCHP)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 68.03 million shares worth more than $6.22 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.6749% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 45.69 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.18 billion and represent 8.513% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . As of Dec 31, 2024 , the former fund manager holds about 3.12% shares in the company for having 16.81 shares of worth $1.03 billion while later fund manager owns 14.54 shares of worth $889.99 million as of Dec 31, 2024 , which makes it owner of about 2.70% of company’s outstanding stock.
