<div id="readability-page-1"><p><span>Microchip Technology (NASDAQ:MCHP - Get Free Report)</span> had its price target dropped by equities research analysts at TD Cowen  from $80.00 to $70.00 in a report issued on Wednesday, Briefing.com reports. The firm presently has a &#34;hold&#34; rating on the semiconductor company's stock. TD Cowen's price objective points to a potential downside of 6.78% from the company's previous close.</p><div><p><span></span><span>Get <strong>Microchip Technology</strong> alerts:</span></p></div><ul><li>Immersion Stock Surges as It Monetizes Haptic Technology Patents</li></ul><p>MCHP has been the topic of several other reports. Morgan Stanley cut shares of Microchip Technology from an &#34;overweight&#34; rating to an &#34;equal weight&#34; rating and decreased their price objective for the stock from $102.00 to $100.00 in a research note on Thursday, July 11th. Bank of America lowered Microchip Technology from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and decreased their price target for the stock from $110.00 to $90.00 in a research report on Friday, August 2nd. JPMorgan Chase &amp; Co. cut their price objective on Microchip Technology from $110.00 to $100.00 and set an &#34;overweight&#34; rating for the company in a research report on Friday, August 2nd. Mizuho  set a $95.00 target price on Microchip Technology in a report on Friday, October 18th. Finally, Susquehanna cut their price target on Microchip Technology from $105.00 to $95.00 and set a &#34;positive&#34; rating for the company in a report on Monday, October 21st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $97.37.</p><p><b>Get Our Latest Research Report on MCHP</b></p><h2>Microchip Technology Stock Up 0.8 %</h2><ul><li>There is a Big Opportunity in Microchip Technology’s Sell-Off</li></ul><p>Shares of NASDAQ:MCHP opened at $75.09 on Wednesday. The company's fifty day moving average is $77.17 and its 200-day moving average is $85.20. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.08 and a current ratio of 1.94. Microchip Technology has a 52 week low of $71.76 and a 52 week high of $100.57. The company has a market capitalization of $40.29 billion, a PE ratio of 30.04 and a beta of 1.53. </p><h2>Insiders Place Their Bets</h2><p>In related news, CFO James Eric Bjornholt sold 2,154 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $81.50, for a total value of $175,551.00. Following the sale, the chief financial officer now directly owns 33,257 shares in the company, valued at $2,710,445.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own  2.10% of the company's stock. </p><h2>Hedge Funds Weigh In On Microchip Technology</h2><ul><li>Tech Earnings Insights: Where Opportunity Meets Uncertainty</li></ul><p>Several institutional investors and hedge funds have recently made changes to their positions in the company. Norden Group LLC increased its holdings in shares of  Microchip Technology by 23.9% in the first quarter. Norden Group LLC now owns 3,418 shares of the semiconductor company's stock worth $307,000 after acquiring an additional 660 shares in the last quarter.  Nordea Investment Management AB raised its holdings in  Microchip Technology by 7.0% during the 1st quarter. Nordea Investment Management AB now owns 39,455 shares of the semiconductor company's stock worth $3,539,000 after buying an additional 2,576 shares during the period.  Rehmann Capital Advisory Group raised its holdings in  Microchip Technology by 8.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 3,237 shares of the semiconductor company's stock worth $290,000 after buying an additional 246 shares during the period.  Larson Financial Group LLC bought a new position in  Microchip Technology in the first quarter valued at approximately $85,000.  Finally, Advisory Services Network LLC boosted its holdings in shares of  Microchip Technology by 4.7% in the first quarter. Advisory Services Network LLC now owns 33,927 shares of the semiconductor company's stock valued at $3,044,000 after buying an additional 1,531 shares during the period. Institutional investors and hedge funds own  91.51% of the company's stock. </p><h2>About Microchip Technology</h2> (Get Free Report)<p>Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Microchip Technology</li><li>The Risks of Owning Bonds</li><li>Analysts Signal Big Upside: Top 3 Stocks to Watch Right Now</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Bears Misjudged These 3 ETFs: Where Investors Can Find Upside</li><li>How to Use the MarketBeat Dividend Calculator</li><li>Is NVIDIA-Backed SoundHound AI a Buy Ahead of Nov. 12 Earnings?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUNIUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUNIUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microchip Technology wasn't on the list.</p><p>While Microchip Technology currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MCHP

<p>TD Cowen has lowered its price target for Microchip Technology (NASDAQ:MCHP) from .00 to .00, maintaining a "hold" rating. This adjustment indicates a potential downside of 6.78% from the previous close. Other analysts, including Morgan Stanley and Bank of America, have also downgraded their ratings and price targets for the stock. Currently, Microchip Technology has an average rating of "Moderate Buy" with a target price of .37. The stock opened at .09, with a market cap of .29 billion and a PE ratio of 30.04.</p>

TD Cowen Has Lowered Expectations for Microchip Technology (NASDAQ:MCHP) Stock Price