Shares of Microchip Technology Incorporated (MCHP) Sees Large Inflow of Net Money Flow

Microchip Technology Incorporated (MCHP): $0.78 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 5.32. The value of trades done on upticks was $0.96 million, whereas, trades done on downticks were valued at $0.18 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.81 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.81 million. Microchip Technology Incorporated (MCHP) fell $0.03 traded at $61.3, a change of -0.04% over the previous day. The stock is 1.08% for the week.


Shares of Microchip Technology Inc. rose by 0.87% in the last five trading days and 0.08% for the last 4 weeks. Microchip Technology Inc. is up 24.78% in the last 3-month period. Year-to-Date the stock performance stands at 35.39%.

Microchip Technology Incorporated (MCHP) : The consensus on Microchip Technology Incorporated (MCHP) based on 9 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Microchip Technology Incorporated (NASDAQ:MCHP): The stock opened at $61.41 and touched an intraday high of $61.78 on Wednesday. During the day, the stock corrected to an intraday low of $61.08, however, the bulls stepped in and pushed the price higher to close in the green at $61.65 with a gain of 0.54% for the day. The total traded volume for the day was 1,335,023. The stock had closed at $61.32 in the previous trading session.

Microchip Technology Incorporated develops, manufactures and sells specialized semiconductor products for a range of embedded control applications. The Company operates in segments, including semiconductor products and technology licensing. The Companys product portfolio consists of general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; linear, mixed-signal, power management; thermal management; Radio-frequency (RF), safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial Static Random Access Memory (SRAM). The Company also licenses Flash-IP solutions that are incorporated in a range of products. The Companys products are applicable in the automotive, communications, computing, consumer and industrial control markets.

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