Microchip Technology stock is trading -14.35% below its average target price of $94.23 after marking a 4.1% during today's afternoon session. Analysts are giving the large-cap Semiconductors company an average rating of buy and target prices ranging from $76.0 to $125.0 per share.
The stock has an average amount of shares sold short at 3.7%, and a short ratio of 3.54. The company's insiders own 2.09% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 92.7% of Microchip Technology's shares being owned by this investor type.
Institutions Invested in Microchip Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 12% | 66,099,271 | $5,334,872,101 |
| 2023-03-31 | Blackrock Inc. | 8% | 43,547,852 | $3,514,747,095 |
| 2023-03-31 | State Street Corporation | 4% | 24,271,574 | $1,958,958,715 |
| 2023-03-31 | Dodge & Cox Inc | 4% | 22,899,386 | $1,848,209,423 |
| 2023-03-31 | T. Rowe Price Investment Management, Inc. | 4% | 22,153,325 | $1,787,994,840 |
| 2023-03-31 | Aristotle Capital Management, LLC | 3% | 16,660,394 | $1,344,660,384 |
| 2023-03-31 | FMR, LLC | 3% | 14,295,374 | $1,153,779,622 |
| 2023-03-31 | Ameriprise Financial, Inc. | 2% | 13,293,364 | $1,072,907,396 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 11,714,851 | $945,505,613 |
| 2023-03-31 | Principal Financial Group, Inc. | 2% | 9,567,380 | $772,183,231 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Microchip Technology.
