Microchip Technology, Inc’s recently made public that its SENIOR VP AND CFO Bjornholt James Eric unloaded Company’s shares for reported $0.23 million on Feb 25 ’25. In the deal valued at $60.88 per share,3,724 shares were sold. As a result of this transaction, Bjornholt James Eric now holds 33,272 shares worth roughly $1.74 million.
Then, Bjornholt James Eric bought 3,724 shares, generating $226,482 in total proceeds.
Before that, Bjornholt James Eric sold 4,688 shares. Microchip Technology, Inc shares valued at $317,612 were divested by the SENIOR VP AND CFO at a price of $67.75 per share. As a result of the transaction, Bjornholt James Eric now holds 33,272 shares, worth roughly $1.74 million.
TD Cowen reiterated its Microchip Technology, Inc [MCHP] rating to a Hold in a research note published on March 04, 2025; the price target was $60. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering MCHP and has decreased its forecast on December 16, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on November 06, 2024. It rated MCHP as “a Hold”.
Price Performance Review of MCHP
On Tuesday, Microchip Technology, Inc [NASDAQ:MCHP] saw its stock fall -2.26% to $52.24. Over the last five days, the stock has lost -10.15%. Microchip Technology, Inc shares have fallen nearly -8.91% since the year began. Nevertheless, the stocks have fallen -44.03% 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 $56.88, while 200 days put it at $73.65.
Levels Of Support And Resistance For MCHP Stock
The 24-hour chart illustrates a support level at 50.74, which if violated will result in even more drops to 49.23. On the upside, there is a resistance level at 54.07. A further resistance level may holdings at 55.90. The Relative Strength Index (RSI) on the 14-day chart is 37.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.77%. Stochastics %K at 17.58% indicates the stock is a buying.
