Microchip Technology (MCHP)

• Market cap: $32.8B
• 1 day: -5.02%
• 5 days: 12.16%
• 1 month: 4.38%
• 3 months: -8.18%
• 6 months: -26.25%
• Year to date: 7.37%
• 1 year: -26.84%
• 5 years: 16.24%
• 10 years: 141.29%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 filings by fund managers ($100M+ AUM)

19% more call options, than puts

Call options by funds: $627M | Put options by funds: $525M

2.55% less ownership

Funds ownership: 97.51% [Q3] → 94.96% (-2.55%) [Q4]

8% less funds holding

Funds holding: 1,164 [Q3] → 1,071 (-93) [Q4]

25% less first-time investments, than exits

New positions opened: 132 | Existing positions closed: 176

30% less capital invested

Capital invested by funds: $41.8B [Q3] → $29.2B (-$12.6B) [Q4]

32% less repeat investments, than reductions

Existing positions increased: 330 | Existing positions reduced: 486

43% less funds holding in top 10

Funds holding in top 10: 7 [Q3] → 4 (-3) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $58 5% downside
• Avg. target: $67 9% upside
• High target: $87 42% upside

11 analyst ratings

• positive: 8 73%
• neutral: 2 18%
• negative: 1 9%

B. Riley Securities Craig Ellis 41% 1-year accuracy 25 / 61 met price target	23% upside $75	Buy Reiterated	7 Feb 2025
Raymond James Melissa Fairbanks 20% 1-year accuracy 1 / 5 met price target	2% downside $60	Strong Buy Reiterated	7 Feb 2025
Keybanc John Vinh 45% 1-year accuracy 23 / 51 met price target	2% downside $60	Overweight Maintained	7 Feb 2025
Piper Sandler Harsh Kumar 49% 1-year accuracy 20 / 41 met price target	6% upside $65	Overweight Reiterated	7 Feb 2025
Needham Quinn Bolton 58% 1-year accuracy 80 / 139 met price target	2% downside $60	Buy Maintained	7 Feb 2025