Microchip Technology, Inc’s recent filing unveils that its Officer Bjornholt James Eric acquired Company’s shares for reported $0.23 million on Feb 25 ’25. In the deal valued at $60.82 per share,3,724 shares were bought.
Then, Bjornholt James Eric sold 4,688 shares, generating $317,612 in total proceeds. Upon selling the shares at $67.75, the SENIOR VP AND CFO now owns 33,272 shares.
Before that, Bjornholt James Eric bought 4,688 shares. Microchip Technology, Inc shares valued at $317,121 were divested by the Officer at a price of $67.65 per share.
B. Riley Securities reiterated its Microchip Technology, Inc [MCHP] rating to a Buy in a research note published on January 24, 2025; the price target was $85. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “an Underperform”. TD Cowen also remained covering MCHP and reiterated its “Hold” recommendation on November 06, 2024. Truist revised its rating on September 23, 2024. It rated MCHP as “a Hold” which previously was an “a Buy”.
Price Performance Review of MCHP
On Tuesday, Microchip Technology, Inc [NASDAQ:MCHP] saw its stock fall -1.08% to $60.17. Over the last five days, the stock has gained 3.99%. Microchip Technology, Inc shares have risen nearly 4.92% since the year began. Nevertheless, the stocks have fallen -28.28% over the past one year. While a 52-week high of $100.57 was reached on 02/20/25, a 52-week low of $50.21 was recorded on 02/07/25. SMA at 50 days reached $57.06, while 200 days put it at $75.46.
Levels Of Support And Resistance For MCHP Stock
The 24-hour chart illustrates a support level at 59.08, which if violated will result in even more drops to 57.99. On the upside, there is a resistance level at 61.64. A further resistance level may holdings at 63.11. The Relative Strength Index (RSI) on the 14-day chart is 57.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.17%. Stochastics %K at 69.27% indicates the stock is a holding.
