Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Microchip Technology, Inc shares valued at $226,717 were sold by Bjornholt James Eric on Feb 25 ’25. At $60.88 per share, Bjornholt James Eric sold 3,724 shares. The insider’s holdings dropped to 33,272 shares worth approximately $1.29 million following the completion of this transaction.
Also, Bjornholt James Eric purchased 3,724 shares, netting a total of over 226,482 in proceeds.
Before that, Bjornholt James Eric had sold 4,688 shares from its account. In a trade valued at $317,612, the SENIOR VP AND CFO traded Microchip Technology, Inc shares for $67.75 each. Upon closing the transaction, the insider’s holdings decreased to 4,688 shares, worth approximately $1.29 million.
As published in a research note from TD Cowen on March 04, 2025, Microchip Technology, Inc [MCHP] has been retained to a Hold and the price target has been revised to $60. Analysts at B. Riley Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late January. As of December 16, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for MCHP. Earlier on November 06, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for MCHP stock.
Analyzing MCHP Stock Performance
During the last five days, there has been a drop of approximately -4.67%. Over the course of the year, Microchip Technology, Inc shares have dropped approximately -32.33%. Shares of the company reached a 52-week high of $65.34 on 02/20/25 and a 52-week low of $34.13 on 04/07/25. A 50-day SMA is recorded $52.92, while a 200-day SMA reached $68.59.
Support And Resistance Levels for Microchip Technology, Inc (MCHP)
According to the 24-hour chart, there is a support level at 36.94, which, if violated, would cause prices to drop to 35.07. In the upper region, resistance lies at 41.14. The next price resistance is at 43.47. RSI (Relative Strength Index) is 37.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.88, which suggests the price will decrease in the coming days. Percent R is at 77.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
