Microchip Technology Inc. Sees 40.93% Decline in Trading Volume Ranking 1st in Daily Decrease

Generated by AI AgentAinvest Volume Radar
Thursday, Jun 12, 2025 8:02 pm ET1min read

On June 12, 2025,

Inc. (MCHP) experienced a significant decline in trading volume, with a total of $525 million in shares traded, marking a 40.93% decrease from the previous day. The stock price of also fell by 2.40%.

Evercore ISI Group analyst Mark Lipacis has maintained an Outperform rating on Microchip Technology and raised the price target from $69 to $83. This adjustment reflects a 22-times next twelve months P/E on 2027 EPS of $4.15, indicating a positive outlook for the company's future earnings potential. The firm remains constructive on the analog/MCU group and believes that Microchip will continue to benefit from the broader trends in the semiconductor industry.

Despite the recent price target increase, the firm has shifted its focus to other companies within the segment, such as On Semi and NXP Semiconductors, which it believes will be the next to see a troughing and positive inflection in fundamentals. This shift in focus may indicate that the firm sees more immediate opportunities in these other companies, but it does not diminish the long-term potential of Microchip Technology.

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