Microchip Technology Slumps to 191st in Trading Volume Ranking with $414 Million in Shares Traded

On June 23, 2025, Microchip Technology Incorporated (MCHP) experienced a significant drop in trading volume, with a total of $414 million in shares traded, marking a 68.48% decrease from the previous day. This decline placed Microchip at the 191st position in terms of trading volume for the day. The stock price of Microchip Technology Incorporated (MCHP) decreased by 0.58%.

Wealth Enhancement Advisory Services LLC increased its stake in Microchip Technology Incorporated by 24.8% during the first quarter, indicating a strong confidence in the company's future prospects.

Mizuho Securities raised its price target for Microchip Technology from $68.00 to $78.00 and maintained an "outperform" rating, reflecting a positive outlook on the company's performance.

Truist Securities maintained a "hold" rating on Microchip Technology Incorporated, suggesting a cautious yet optimistic stance on the stock's potential.