Microchip Technology, Inc’s filing revealed 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 $2.07 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 $2.07 million.
BofA Securities upgraded its Microchip Technology, Inc [MCHP] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Truist also remained covering MCHP and reiterated its “Hold” recommendation on May 09, 2025. TD Cowen maintained its rating on May 09, 2025. It rated MCHP as “a Hold”.
Price Performance Review of MCHP
On Tuesday, Microchip Technology, Inc [NASDAQ:MCHP] saw its stock jump 2.20% to $62.30. Over the last five days, the stock has gained 31.88%. Microchip Technology, Inc shares have risen nearly 8.63% since the year began. Nevertheless, the stocks have fallen -31.90% 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 $48.31, while 200 days put it at $63.60.
Levels Of Support And Resistance For MCHP Stock
The 24-hour chart illustrates a support level at 60.89, which if violated will result in even more drops to 59.49. On the upside, there is a resistance level at 63.41. A further resistance level may holdings at 64.53. The Relative Strength Index (RSI) on the 14-day chart is 77.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.32%. Stochastics %K at 91.19% indicates the stock is a selling.
The most recent change occurred on May 09, 2025 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $70.
