What's Going On With Microchip Technology Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 21 2025
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Source: Benzinga
Public Offering Announcement: Microchip Technology Incorporated has priced a public offering of $1.35 billion in depositary shares at $50.00 each, with proceeds primarily aimed at repaying existing debt and funding capped call transactions. The offering is expected to close on March 25.
New Product Launch: The company has introduced a new ecosystem for the electric two-wheeler industry, featuring advanced battery management systems designed to enhance performance, safety, and market readiness for electric scooters and bikes.
Analyst Views on KNGZ
Wall Street analysts forecast KNGZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNGZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 37.350
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Current: 37.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
