The recent news stream regarding Microchip Technology (MCHP) has been quite mixed. On one end, the company's stock position was trimmed by a few investment firms, notably Jefferies Financial Group. The Chief Financial Officer, James Eric Bjornholt, also sold 2,015 shares. This selling activity weighed on the share price, which fell 4.6% following this event.
Conversely, many institutions, such as First Hawaiian Bank, 111 Capital, and Toronto Dominion Bank, have increased their positions in MCHP. Simultaneously, Microchip Technology raised its sales guidance for Fiscal Q1 2026. UBS and Rosenblatt Securities have both increased their price targets for MCHP, indicating bullish sentiment.
The company also timed to present at multiple tech conferences, and has declared dividends, which represents a positive signal to investors. However, despite this optimistic forecasting, it reported a US$76 million net loss.
Despite some sizable movements, including a decline of 10%, the stock experienced appreciable upbeat days on the market as well. The consensus reveals both 'Buy' and 'Hold' recommendations post Q1 earnings, and the company had a miss on its EPS expectations for 2025.
Microchip Technology MCHP News Analytics from Tue, 31 Dec 2024 08:00:00 GMT to Sat, 31 May 2025 19:31:49 GMT - Rating 5 - Innovation 3 - Information 6 - Rumor -4
