Madison Mid Cap Fund Exited Microchip Technology Incorporated (MCHP) Following Valuation Recovery
Madison Mid Cap Fund sells Microchip Technology shares
Madison Mid Cap Fund has exited its investment in Microchip Technology Incorporated, citing a recovery in the stock's valuation as a key factor. The semiconductor company, which faced supply chain challenges, has seen its shares fluctuate significantly, closing at $65.33 on March 10, 2026. Despite a recent downturn, Microchip's stock gained nearly 26% over the past year, prompting the fund to sell its small stake after the founder returned as CEO and implemented strategic changes.
Key Takeaways
- 1.
Microchip Technology's stock closed at $65.33 on March 10, 2026.
- 2.
The company's one-month return was -19.10%, while it gained 25.88% over the past year.
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