Microchip Technology Incorporated (MCHP) Shares are Up 0.46%

Microchip Technology Incorporated (MCHP) : Traders are bullish on Microchip Technology Incorporated (MCHP) as it has outperformed the S&P 500 by a wide margin of 10.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.46% in the last 1 week, and is up 10.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.51% and the fifty day Moving Average is 12.27%. Microchip Technology Inc. is up 21.49% in the last three month period. Year-to-Date the stock performance stands at 35.24%.

Microchip Technology Incorporated (MCHP) : The consensus price target for Microchip Technology Incorporated (MCHP) is $63.44 for the short term with a standard deviation of $8.66. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $74, however, the pessimist price target for the company is $47.


Microchip Technology Incorporated (NASDAQ:MCHP): stock turned positive on Friday. Though the stock opened at $61.22, the bulls momentum made the stock top out at $62.24 level for the day. The stock recorded a low of $61.19 and closed the trading day at $61.58, in the green by 0.74%. The total traded volume for the day was 1,537,357. The stock had closed at $61.13 in the previous days trading.

Microchip Technology Incorporated develops, manufactures and sells specialized semiconductor products for a range of embedded control applications. The Company operates in segments, including semiconductor products and technology licensing. The Companys product portfolio consists of general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; linear, mixed-signal, power management; thermal management; Radio-frequency (RF), safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial Static Random Access Memory (SRAM). The Company also licenses Flash-IP solutions that are incorporated in a range of products. The Companys products are applicable in the automotive, communications, computing, consumer and industrial control markets.

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