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 $1.31 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 $1.31 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 Monday, Microchip Technology, Inc [NASDAQ:MCHP] saw its stock jump 2.26% to $39.43. Over the last five days, the stock has gained 1.86%. Microchip Technology, Inc shares have fallen nearly -31.25% since the year began. Nevertheless, the stocks have fallen -53.65% over the past one year. While a 52-week high of $100.57 was reached on 02/20/25, a 52-week low of $34.12 was recorded on 04/07/25. SMA at 50 days reached $51.15, while 200 days put it at $67.03.
Levels Of Support And Resistance For MCHP Stock
The 24-hour chart illustrates a support level at 38.05, which if violated will result in even more drops to 36.67. On the upside, there is a resistance level at 40.17. A further resistance level may holdings at 40.91. The Relative Strength Index (RSI) on the 14-day chart is 39.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.45%. Stochastics %K at 30.77% indicates the stock is a holding.
How much short interest is there in Microchip Technology, Inc?
A steep rise in short interest was recorded in Microchip Technology, Inc stocks on 2025-03-31, dropping by -2.26 million shares to a total of 31.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 33.5 million shares. There was a decline of -7.24%, which implies that there is a negative sentiment for the stock.
