MARKET

MCHP

MCHP

Microchip Technology Inc.
NASDAQ
92.61
+0.52
+0.56%
After Hours: 93.40 +0.79 +0.85% 19:50 07/12 EDT
OPEN
92.93
PREV CLOSE
92.09
HIGH
94.44
LOW
92.28
VOLUME
4.78M
TURNOVER
0
52 WEEK HIGH
100.57
52 WEEK LOW
67.71
MARKET CAP
49.69B
P/E (TTM)
26.61
1D
5D
1M
3M
1Y
5Y
1D
Notable analyst calls this week: Apple, Tesla and banks among top picks
Notable analyst calls this week: Apple, Tesla and banks among top picks. Wall Street had a slew of upgrades and downgrades from analysts. The S&P500 closed in the green on Friday. Needham raised its price target to $260 for Apple. Tesla was downgraded by UBS on valuation concern.
Seeking Alpha · 1d ago
Semiconductor inventory declines but remains near 20-year high: Baird
Tech Semiconductor inventory declines but remains near 20-year high: Baird. Big tech names associated with analog include Microchip, Analog Devices and Skyworks Solutions. Baird says elevated inventory levels in analog devices could lead to pricing pressures. Inventories in industrial, automotive, consumer and communication components are at or near 20 year highs.
Seeking Alpha · 2d ago
Stocks Move Higher on Improved Fed Rate Cut Prospects
Stock indexes today are higher, with the Dow Jones Industrials posting a 7-week high. Stock index futures initially moved lower after the US PPI report rose more than expected. University of Michigan’s US July consumer sentiment index unexpectedly fell to an 8-month low. Bank earnings today are mostly bearish for stocks. Overseas stock markets today are mixed.
Barchart · 2d ago
Stocks Climb Despite Strong US June PPI Report as Chip Stocks Rebound
Stock index futures initially move lower after the US PPI report rose more than expected. Wells Fargo down more than -6% after reporting below-consensus Q2 net interest income. Chip stocks are recovering some of Thursday's sell off and are boosting the overall market. Overseas stock markets today are moderately higher. T-notes extended their losses after the U.S. PPI rise was mostly driven by trade services.
Barchart · 2d ago
Deep Dive Into Microchip Technology Stock: Analyst Perspectives (18 Ratings)
18 analysts have shared their evaluations of Microchip Technology (NASDAQ:MCHP) in the last three months. The company has an average price target of $101.78. The average 12-month price target has increased by 11.2%. The company's strength lies in lower-end 8-bit chips used in electronic devices.
Benzinga · 3d ago
Broader Equity Market Falls as Mega-Cap Tech Stocks Slump
S&P 500 closes down 0.88%; Dow Jones industrials climb to 7-week high; Nasdaq 100 falls to 1-week low. Technology stocks fall after Delta Air Lines and Tesla fall more than 8%. Stocks found early support on a hawkish US June CPI report. Overseas stock markets settled higher. The weaker-than-expected CPI report bolstered expectations for the Fed to cut interest rates this year.
Barchart · 3d ago
MICROCHIP TECHNOLOGY INC <MCHP.O>: MORGAN STANLEY CUTS TO EQUAL WEIGHT
Reuters · 3d ago
Stocks Set to Open Higher as Tame CPI Clears Path for Powell Rate Cuts
NASDAQ · 3d ago
More
About MCHP
Microchip Technology Incorporated develops, manufactures and sells smart, connected and secure embedded control solutions used by its customers for a variety of applications. The Company’s solutions serve approximately 123,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. The Company’s semiconductor products segment designs, develops, manufactures and markets mixed-signal microcontrollers, development tools and analog, interface, mixed-signal, timing, wired and wireless connectivity devices, and memory products. The Company also offers a comprehensive set of low-cost and easy-to-learn application development tools. Its manufacturing operations include wafer fabrication, wafer probe, assembly and test. The technology licensing segment includes sales and licensing of the Company's intellectual property. It markets and sells its products worldwide primarily through a network of direct sales personnel and distributors.

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