Microchip Technology, Inc (NASDAQ:MCHP) price on Thursday, April 10, fall -13.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $38.81.
A look at the stock’s price movement, the close in the last trading session was $44.90, moving within a range at $37.41 and $41.6. The beta value (5-Year monthly) was 1.505 while the PE ratio in trailing twelve months stood at 68.44. Turning to its 52-week performance, $100.57 and $34.12 were the 52-week high and 52-week low respectively. Overall, MCHP moved -25.22% over the past month.
Microchip Technology, Inc’s market cap currently stands at around $20.87 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-05. The company has a Forward Dividend ratio of 1.82, with its dividend yield at 4.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 960.76M for the company’s revenue for the quarter, with a low and high estimate of 959.2M and 967.04M respectively. The average forecast suggests down to a -27.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.4B, representing a -42.31% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MCHP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 8 recommend MCHP as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MCHP’s current price about -18.98% and -26.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.19, while 7-day volatility ratio is 17.34% and 7.45% in the 30-day chart. Further, Microchip Technology, Inc (MCHP) has a beta value of 1.41, and an average true range (ATR) of 4.09. Analysts have given the company’s stock an average 52-week price target of $85, forecast between a low of $58 and high of $95. Looking at the price targets, the low is -49.45% off current price level while to achieve the yearly target high, price needs to move -144.78%. Nonetheless, investors will most likely welcome a -119.02% jump to $85 which is the analysts’ median price.
If we refocus on Microchip Technology, Inc (NASDAQ:MCHP), historical trading data shows that trading volumes averaged 19.47 over the past 10 days and 11.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 537.76 million shares.
The 2.13% of Microchip Technology, Inc’s shares are in the hands of company insiders while institutional holders own 96.21% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 29.66 million on 2025-03-14, giving us a short ratio of 2.62. The data shows that as of 2025-03-14 short interest in Microchip Technology, Inc (MCHP) stood at 645.0 of shares outstanding, with shares short rising to 26.57 million registered in 2025-02-14. Current price change has pushed the stock -32.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MCHP stock continues to rise going into the next quarter.
