MarketBeat Earnings
Microchip Technology Incorporated $MCHP Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. reduced its stake in Microchip Technology Incorporated (MCHP) by 2.9% in the second quarter, selling 17,516 shares but still retaining over 590,000 shares valued at approximately $53.85 million. Despite this sale, analyst sentiment remains positive, with a consensus "Moderate Buy" rating and an average price target of $98.85. The company recently reported strong quarterly …