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
|2023-03-31||Vanguard Group, Inc. (The)||12%||66,099,271||$5,334,872,101|
|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||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.