Microchip Technology, Inc (NASDAQ:MCHP) has a beta value of 1.54 and has seen 1.56 million shares traded in the recent trading session. The company, currently valued at $39.54B, closed the recent trade at $73.27 per share which meant it lost -$1.29 on the day or -1.74% during that session. The MCHP stock price is -32.36% off its 52-week high price of $96.98 and 53.43% above the 52-week low of $34.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.09 million shares traded. The 3-month trading volume is 9.78 million shares.
The consensus among analysts is that Microchip Technology, Inc (MCHP) is Buy stock at the moment, with a recommendation rating of 1.64. 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 -1.74% 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 $73.27 or saw a rise of 5.09%. Year-to-date, Microchip Technology, Inc shares have moved -23.67%, while the 5-day performance has seen it change 2.50%. Over the past 30 days, the shares of Microchip Technology, Inc (NASDAQ:MCHP) have changed 5.27%. Short interest in the company has seen 37.37 million shares shorted with days to cover at 3.79.
Wall Street analysts have a consensus price target for the stock at $68, which means that the shares’ value could drop -7.75% from the levels at last check today.. The projected low price target is $43.0 while the price target rests at a high of $83.0. In that case, then, we find that the latest price level in today’s session is -13.28% off the targeted high while a plunge would see the stock lose 41.31% from the levels at last check today..
Microchip Technology, Inc (MCHP) estimates and forecasts
The company’s shares have gained 29.95% over the past 6 months.
Earnings growth for 2025 is a modest 7.10% while over the next 5 years, the company’s earnings are expected to increase by 35.19%.
MCHP Dividends
Microchip Technology, Inc is expected to release its next earnings report on 2025-May-08 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 2.48%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.73%.
Microchip Technology, Inc (NASDAQ:MCHP)’s Major holders
Insiders own 2.09% of the company shares, while shares held by institutions stand at 100.69% with a share float percentage of 102.85%. Investors are also buoyed by the number of investors in a company, with Microchip Technology, Inc having a total of 1449.0 institutions that hold shares in the company. 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 Mar 31, 2025 , the former fund manager holds about 3.15% shares in the company for having 17.0 shares of worth $1.25 billion while later fund manager owns 14.94 shares of worth $1.1 billion as of Mar 31, 2025 , which makes it owner of about 2.77% of company’s outstanding stock.
