Microchip Technology MCHP has been under-performing, with many investment firms making significant changes in their stakes. Princeton Capital Management, Alerus Financial, Blair William & Co, and several other firms have reduced their holdings. Some others like UniSuper Management, NEOS Investment Management, and Quantbot Technologies bought new shares. Despite the fall in shares and unimpressive recent performance, several analysts remain bullish.
Some believe the company is among the best data center stocks to invest in. News about a new $1.35 billion convertible stock offering plan, a new credit agreement, and launch of AI-powered MPLAB Coding Assistant may improve prospects. However, there's evidence of some troubles, namely a concerning dip since the last earnings report and poor Q3 performance. A new offering of Depositary Shares and sale of their wafer fabrication facility have raised some eyebrows too. Regardless, a number of investments firms have increased their stakes, suggesting faith in MCHP’s future.
Microchip Technology MCHP News Analytics from Sun, 29 Sep 2024 07:00:00 GMT to Sun, 30 Mar 2025 00:28:44 GMT - Rating -7 - Innovation -3 - Information 5 - Rumor -8
