New Buy Rating for Microchip (MCHP), the Technology Giant
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Danely covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Microchip, and Intel. According to TipRanks, Danely has an average return of 11.4% and a 66.15% success rate on recommended stocks.
In addition to Citi, Microchip also received a Buy from Goldman Sachs's James Schneider in a report issued on July 10. However, on July 1, Cantor Fitzgerald reiterated a Hold rating on Microchip (NASDAQ: MCHP).
MCHP market cap is currently $40.24B and has a P/E ratio of -9,092.68.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCHP in relation to earlier this year. Most recently, in May 2025, Karlton D Johnson, a Director at MCHP sold 494.00 shares for a total of $29,980.86.
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