This afternoon we watched Microchip Technology drop -5.7% to a price of $56.16 per share. The Large-Cap Semiconductors company is now trading -29.41% below its average target price of $79.56. Analysts have set target prices ranging from $56.0 to $95.0 per share for Microchip Technology, and have given the stock an average rating of buy.
Microchip Technology has an average level of shares sold short, at 7.4% of its total share float. The stock's short ratio (also called days to cover) is 3.63. The company's insiders own 2.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 98.2% of Microchip Technology's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Microchip Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 13% | 68,342,646 | $3,838,122,988 |
| 2024-09-30 | Blackrock Inc. | 9% | 47,696,927 | $2,678,659,413 |
| 2024-09-30 | JP Morgan Chase & Company | 5% | 29,017,284 | $1,629,610,665 |
| 2024-09-30 | State Street Corporation | 5% | 25,851,011 | $1,451,792,773 |
| 2024-09-30 | T. Rowe Price Investment Management, Inc. | 3% | 18,495,192 | $1,038,689,979 |
| 2024-09-30 | Aristotle Capital Management, LLC | 3% | 14,498,368 | $814,228,344 |
| 2024-09-30 | Geode Capital Management, LLC | 3% | 14,277,897 | $801,846,693 |
| 2024-09-30 | Bank of America Corporation | 2% | 10,766,780 | $604,662,363 |
| 2024-09-30 | Boston Partners | 2% | 9,684,583 | $543,886,179 |
| 2024-09-30 | Morgan Stanley | 2% | 9,690,510 | $544,219,040 |
