Arizona State Retirement System Sells 11,468 Shares of Microchip Technology Incorporated $MCHP

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The Arizona State Retirement System reduced its stake in Microchip Technology Inc. by 7.2% in the fourth quarter, selling 11,468 shares and holding 147,704 shares valued at $9.41 million. This comes as Microchip Technology has seen a number of institutional investors adjust their positions, and the company reported strong quarterly earnings and issued positive guidance, driven by AI optimism and a broader semiconductor rally. Analysts currently rate the stock as a “Moderate Buy” with a consensus price target of $86.00.

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