Stock price performance of Microchip Technology Incorporated is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 9.94% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 13.26% . Looking at the past 52 week period, the stock price is up at 64.45% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Microchip Technology Incorporated has a positive value of 33.09 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 4.85% and the 50-Day Moving Average is 5.59%.The 200 Day SMA reached 19.4%
Microchip Technology Incorporated is having a Relative Strength Index of 63.4 which indicates the stock is not yet over sold or over bought based on the technical indicators. Microchip Technology Incorporated (NASDAQ:MCHP) has climbed 0.97% in the past week and advanced 9.03% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.85% and the outperformance has advanced to 8.06% for the last 4 weeks period.
Company has reported several Insider transactions to the SEC, on Nov 23, 2016, Richard J Simoncic (VP, Analog and Intrfc Prod Div) sold 2,892 shares at 64.90 per share price.On Nov 23, 2016, Steve Sanghi (President, CEO, Chairman) sold 49,901 shares at 63.79 per share price.On Nov 23, 2016, Mitchell R Little (VP, WW Sales and Appns.) sold 2,383 shares at 65.16 per share price.
Microchip Technology Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.87. The company had revenue of $873.80 million for the quarter, compared to analysts expectations of $861.40 million. The companys revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Nov 30, 2016 to Buy, Raises Price Target to $ 70 from a previous price target of $68 .Microchip Technology was Upgraded by BofA/Merrill to Buy on Nov 8, 2016. Company shares were Reiterated by Needham on Nov 8, 2016 to Buy, Raises Price Target to $ 75 from a previous price target of $70 .
Microchip Technology Incorporated (NASDAQ:MCHP) : On Friday heightened volatility was witnessed in Microchip Technology Incorporated (NASDAQ:MCHP) which led to swings in the share price. The stock opened for trading at $69.22 and hit $69.73 on the upside , eventually ending the session at $69.43, with a gain of 0.95% or 0.65 points. The heightened volatility saw the trading volume jump to 1,849,592 shares. The 52-week high of the share price is $69.73 and the company has a market cap of $14,998 million. The 52-week low of the share price is at $39.01 .
Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications and industrial markets.