Microchip Technology Incorporateds in-depth stock price analysis indicates that the stock price has rallied 9.8% 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 15.14% . Looking at the past 52 week period, the stock price is up at 75.45% . 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. Microchip Technology Incorporated (NASDAQ:MCHP) has climbed 2.12% in the past week and advanced 6.87% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.29% and the outperformance has advanced to 4.96% for the last 4 weeks period.
Microchip Technology Incorporated (NASDAQ:MCHP) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.03 points or 0.04% at $70.9 with 17,639,819 shares getting traded. Post opening the session at $70.54, the shares hit an intraday low of $69.76 and an intraday high of $71.02 and the price was in this range throughout the day. The company has a market cap of $15,345 million and the number of outstanding shares has been calculated to be 216,432,170 shares. The 52-week high of Microchip Technology Incorporated (NASDAQ:MCHP) is $76.5 and the 52-week low is $39.01.
Microchip Technology Last issued its quarterly earnings results on Feb 7, 2017. The company reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.15. Analyst had a consensus of $0.90. The company had revenue of $881.20 million for the quarter, compared to analysts expectations of $849.11 million. The companys revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Needham on Feb 8, 2017 to Strong Buy, Raises Price Target to $ 100 from a previous price target of $75 .Company shares were Reiterated by Mizuho on Feb 8, 2017 to Neutral, Raises Price Target to $ 72 from a previous price target of $67 .Company shares were Reiterated by Stifel on Nov 30, 2016 to Buy, Raises Price Target to $ 70 from a previous price target of $68 .
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, 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.