Recent extremely meaningful negative changes in investment behavior have impacted Microchip Technology Inc (NASDAQ: MCHP): negative upside/downside volume developed, and the stock fell on very heavy volume.
Microchip Technology Inc (NASDAQ: MCHP) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MCHP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Microchip Technology has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Microchip Technology has a poor Power Rating of 26 and a very low Appreciation Score of 12, producing the Lowest Value Trend Rating.
Recent Price Action
Microchip Technology Inc (NASDAQ: MCHP) stock closed at $77.01 on 9/20/24 after a decline of -2.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 203% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.2% during the last week.
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