Microchip Technology (NASDAQ:MCHP) Cut to "Hold" at Wall Street Zen

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Wall Street Zen has downgraded Microchip Technology (NASDAQ:MCHP) from a “buy” to a “hold” rating, despite other firms maintaining or raising their price targets, and a consensus “Moderate Buy” rating across analysts. The company beat its Q3 EPS estimates and reported a 15.6% year-over-year revenue increase, with positive Q4 2026 guidance. CEO Steve Sanghi recently sold a significant number of shares, though institutional ownership remains high at over 91%.

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