Microchip Technology (MCHP)

• Market cap: $32.7B
• 1 day: -2.31%
• 5 days: 24.38%
• 1 month: 56.53%
• 3 months: 9.15%
• 6 months: -7.23%
• Year to date: 7.00%
• 1 year: -35.16%
• 5 years: 41.86%
• 10 years: 144.12%
• Sector: Technology
• Industry: Semiconductors

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

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

• Low target: $43 29% downside
• Avg. target: $61 0% upside
• High target: $71 17% upside

10 analyst ratings

• positive: 8 80%
• neutral: 2 20%
• negative: 0 0%

UBS Pradeep Ramani 100% 1-year accuracy 2 / 2 met price target	1% downside $60	Buy Maintained	9 May 2025
Raymond James Melissa Fairbanks 43% 1-year accuracy 3 / 7 met price target	7% upside $65	Strong Buy Reiterated	9 May 2025
Morgan Stanley Joseph Moore 43% 1-year accuracy 29 / 67 met price target	18% downside $50	Equal-Weight Maintained	9 May 2025
Citigroup Christopher Danely 51% 1-year accuracy 25 / 49 met price target	10% downside $55	Buy Maintained	9 May 2025
Needham Quinn Bolton 32% 1-year accuracy 46 / 144 met price target	8% upside $66	Buy Reiterated	9 May 2025