Microchip TechnologyMCHP
About: Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Employees: 22,300
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
20% more call options, than puts
Call options by funds: $631M | Put options by funds: $525M
3.43% more ownership
Funds ownership: 91.74% [Q3] → 95.17% (+3.43%) [Q4]
5% less funds holding
Funds holding: 1,167 [Q3] → 1,103 (-64) [Q4]
22% less first-time investments, than exits
New positions opened: 144 | Existing positions closed: 184
26% less capital invested
Capital invested by funds: $39.5B [Q3] → $29.3B (-$10.2B) [Q4]
32% less repeat investments, than reductions
Existing positions increased: 339 | Existing positions reduced: 495
50% less funds holding in top 10
Funds holding in top 10: 8 [Q3] → 4 (-4) [Q4]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
UBS Pradeep Ramani 50% 1-year accuracy 1 / 2 met price target | 19%upside $55 | Buy Maintained | 29 Apr 2025 |
Truist Securities William Stein 37% 1-year accuracy 13 / 35 met price target | 7%downside $43 | Hold Maintained | 21 Apr 2025 |
Stifel Tore Svanberg 38% 1-year accuracy 21 / 55 met price target | 30%upside $60 | Buy Maintained | 17 Apr 2025 |
Citigroup Christopher Danely 48% 1-year accuracy 24 / 50 met price target | 9%upside $50 | Buy Maintained | 11 Apr 2025 |
Evercore ISI Group Mark Lipacis 21% 1-year accuracy 7 / 33 met price target | 54%upside $71 | Outperform Maintained | 4 Mar 2025 |
Financial journalist opinion
Based on 16 articles about MCHP published over the past 30 days
