Microchip Technology Stock (NASDAQ: MCHP)

Microchip Technology (NASDAQ:MCHP) Stock, Quote.Headers.trade-ideas

Microchip Technology

Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

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Semiconductor stocks saw a surprising surge, despite Nvidia&#39;s outlook not meeting investors&#39; high expectations.

Semiconductor ETFs Rally Despite Nvidia Dip: 10 Chipmakers Defy The AI Darling&#39;s Drop

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Microchip Technology shares are trading lower Tuesday after the company disclosed a cybersecurity incident in an SEC filing. Here&#39;s what to know.

Microchip Technology Stock Dips After Cybersecurity Incident

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Microchip Tech facing technical breakdown as moving averages hint at Death Cross. Stock down 6.85% YTD, 9.21% in past month, bears in control.

Microchip Technology On The Brink: Looming Death Cross Raises Bearish Concerns

Microchip Technology Incorporated - Common Stock

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Shares of semiconductor and chip stocks are trading higher following Wednesday's rate cut, which has lifted growth stocks and rate-sensitive sectors such as tech.

<a href="https://www.microchip.com/en-us/about/news-releases/products/new-solution-from-microchip-makes-it-easier-to-build-sophisticated">https://www.microchip.com/en-us/about/news-releases/products/new-solution-from-microchip-makes-it-easier-to-build-sophisticated</a>
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Designers are incorporating Graphical User Interfaces, or GUIs, into more electronic devices to enhance the user experience by providing intuitive and visually appealing interactions with today's modern applications. To support embedded developers with their designs, Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) today announces <a href="https://www.microchip.com/en-us/tools-resources/configure/microchip-graphics-suite">Microchip Graphics Suite</a> (MGS), an easy-to-learn, comprehensive solution that simplifies the process of incorporating GUIs, animations and images into a touchscreen display.&nbsp; &nbsp;
Developing a GUI can be a complex and lengthy process, requiring significant time and resources to debug and integrate code from various tools. MGS is designed to easily integrate with Microchip's 32-bit microcontrollers (MCUs) and microprocessors (MPUs) and supports multiple development platforms, including MPLAB&#xAE; Harmony v3 and Linux&#xAE; environments. This comprehensive solution to build a GUI interface aims to help designers improve reusability across projects and simplify design complexities. &nbsp;
MGS offers compositional tools, including a simulator for hardware-free prototyping. By leveraging the MPLAB&#xAE; Code Configurator (MCC), the simulator builds the MCC-generated C code in either web or native mode. In web mode, the tool creates an HTML file that can run on most web browsers with simulated touch interactivity. In native mode, the simulator enables debugging of the GUI on Windows&#xAE; desktop computers. These features enable accurate display and functionality demonstrations that are independent of hardware availability. &nbsp;
MGS provides an intuitive WYSIWYG interface with a modern design, enabling users to directly see and manipulate the final output, reducing errors and increasing efficiency. To make GUIs more accessible, MGS is versatile and can support a wide range of devices of varying performance. They can range from resource-constrained devices with significantly lower memory and system performance requirements to high-performance devices supporting tablet-sized touchscreens with high-fidelity video playback. &nbsp;
This solution is optimal for developers who want superior graphical performance without costly hardware upgrades. Additionally, MGS supports a wide range of displays, from monochrome OLEDs to 1080p 16.7M color TFTs, including MIPI&#xAE; DSI&#xAE;, LVDS, RGB, SPI, and HDMI&#xAE; interfaces, along with touchscreens with 2D/3D gestures. &nbsp;
"At Microchip, we are committed to providing our customers with comprehensive solutions and cutting-edge tools that empower them to make high-quality products and get to market faster," said Rod Drake, corporate vice president of Microchip's MCU32 and MPU32 business units. "This innovative tool suite simplifies the process of creating engaging and responsive displays for everything from smart home devices to industrial equipment." &nbsp;
This comprehensive solution simplifies the integration of a GUI from design phase to implementation across a wide range of applications. MGS is highly compatible with the company's broad portfolio of PIC32 MCUs, SAM MPUs and maXTouch&#xAE; touchscreen controllers. Additionally, Microchip can provide other key components including memory, power management and connectivity solutions.

'New Solution From Microchip Makes it Easier To Build Sophisticated Graphical User Interfaces For MPLAB Harmony v3 And Linux Environments'

Microchip Technology's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NYSE">MCHP</a>) short percent of float has risen 3.76% since its last report. The company recently reported that it has 24.01 million shares sold short, which is 5.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Microchip Technology Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726666214_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Microchip Technology has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Microchip Technology's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Microchip Technology's peer group average for short interest as a percentage of float is 4.37%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Microchip Technology's Recent Short Interest

Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) has outperformed the market over the past 10 years by 1.4% on an annualized basis producing an average annual return of 12.11%. Currently, Microchip Technology has a market capitalization of $40.72 billion. 
Buying $1000 In MCHP: If an investor had bought $1000 of MCHP stock 10 years ago, it would be worth $3,158.14 today based on a price of $75.89 for MCHP at the time of writing.
<h3>Microchip Technology's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726158740_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,200 Today

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Shares of semiconductor, hardware and AI-linked companies are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy with Broadcom, which fell after reporting earnings.

While the investigation is continuing, the Company believes that the unauthorized party obtained information stored in certain Company IT systems, including, for example, employee contact information and some encrypted and hashed passwords. We have not identified any customer or supplier data that has been obtained by the unauthorized party. The Company continues to investigate the nature and scope of the unauthorized access. The Company has notified employees, law enforcement, and regulators of the incident.

Microchip Updates On Recent Cyber Incident, Says Aware That Unauthorized Party Claims To Have Acquired And Posted Online Certain Data From Systems; Expects No Material Impact To Financial Condition Or Results Of Operations - Filing

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Shares of semiconductor stocks are trading lower amid overall market weakness. A drop in the price of NVIDIA may weigh down the sector.

Thursday&#8217;s trading session unfolded with semiconductor stocks surging despite a drop in Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/news/24/08/40620740/nvidia-etfs-split-in-pre-market-after-jensen-huang-led-chip-giant-exceeded-q2-expectations">shares.</a>
Nvidia's earnings were seen as a critical juncture for the broader stock market in August, with the potential to either boost or reverse the recent rally. However, events did not play out as many had expected.
<h3 class="wp-block-heading">Nvidia Shares Fall On Unimpressive Guidance</h3>
Nvidia&#8217;s shares failed to rebound after a negative reaction in Wednesday&#8217;s post-market hours.
The Santa Clara, California-based company reported quarterly revenue of $30 billion, beating estimates of $28.86 billion, reflecting a 15% increase from the previous quarter and an impressive 122% year-over-year growth.
Net income reached $16.6 billion, up 12% from the prior quarter and a significant 168% increase compared to the same quarter last year. Earnings per share came in at 68 cents, surpassing the expected 64 cents.
Despite surpassing Wall Street&#8217;s revenue and earnings forecasts, Nvidia&#8217;s outlook failed to meet investors' already lofty expectations for the coming quarters. The company projected this quarter's revenue at $32.5 billion, plus or minus 2%, slightly above the estimated $31.9 billion, but not enough to excite the market.
See Also: <a href="https://www.benzinga.com/news/24/08/40624703/nvidia-to-rally-over-31-here-are-10-top-analyst-forecasts-for-thursday">NVIDIA To Rally Over 31%? Here Are 10 Top Analyst Forecasts For Thursday</a>
<h3 class="wp-block-heading">7 Semiconductor ETFs Rise</h3>
Investors likely viewed Nvidia's quarterly results as a standalone event, opting for caution as the company's guidance did not significantly exceed expectations. 
Yet, they maintained a generally positive sentiment toward the broader market. Competitors of the AI giant experienced a marked rally, deviating from their usual trend of closely following Nvidia&#8217;s performance. 
&#8220;We believe Nvidia's comments on Data Center demand were constructive,&#8221; Toshiya Hari, an analyst at Goldman Sachs, stated. The company&#8217;s outlook for data center demand bodes well for other semiconductor firms involved in the AI infrastructure build-out.
Hari highlighted &#8220;ongoing tightness in High-Bandwidth Memory as a material positive for Buy-rated Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).&#8221;
Even exchange-traded funds (ETFs) with a significant Nvidia exposure witnessed positive performance during Thursday's trading session. Here are some notable movers:
<ul>
<li>Strive U.S. Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>): up 0.7%, despite Nvidia comprising 30% of the fund.</li>
<li>VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>): up 0.8%.</li>
<li>VanEck Fabless Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMHX#NYSE">SMHX</a>): up 1.2%. This newly launched ETF focuses on companies that specialize in chip design and development while outsourcing production.</li>
<li>Invesco PHLX Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NYSE">SOXQ</a>): up 1.4%.</li>
<li>First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>): up 1.6%.</li>
<li>iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>): up 1.7%.</li>
<li>SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>): up 2.7%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Top-Performing Semiconductor Stocks</h3>
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<td>Name</td>
<td>1-Day %</td>
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<td>Arm Holdings pic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>4.81%</td>
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<td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>4.50%</td>
</tr>
<tr>
<td>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)</td>
<td>4.29%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>4.18%</td>
</tr>
<tr>
<td>Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>)</td>
<td>3.73%</td>
</tr>
<tr>
<td>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>)</td>
<td>3.37%</td>
</tr>
<tr>
<td>Onto Innovation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NASDAQ">ONTO</a>)</td>
<td>3.06%</td>
</tr>
<tr>
<td>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>2.98%</td>
</tr>
<tr>
<td>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>2.82%</td>
</tr>
<tr>
<td>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</td>
<td>2.80%</td>
</tr>
</tbody>
</table>
</figure>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40628887/nvidia-analysts-say-pullback-is-buying-opportunity-pushing-ai-envelope-too-signific">Nvidia Analysts Say Pullback Is Buying Opportunity: &#8216;Pushing AI Envelope Too Significant To Slow Down&#8217;</a></li>
</ul>

Semiconductor ETFs Rally Despite Nvidia Dip: 10 Chipmakers Defy The AI Darling's Drop

Shares of semiconductor and chip stocks are trading higher in possible reaction to NVIDIA's earnings report. NVIDIA fell despite better-than-expected financial results.

Microchip Technology's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NYSE">MCHP</a>) short percent of float has fallen 9.66% since its last report. The company recently reported that it has 23.15 million shares sold short, which is 5.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.38 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Microchip Technology Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724261421_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Microchip Technology has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Microchip Technology's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Microchip Technology's peer group average for short interest as a percentage of float is 4.09%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Microchip Technology?

Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares are trading lower Tuesday after the company disclosed a cybersecurity <a href="https://www.benzinga.com/quote/MCHP/news">incident in an SEC filing. </a>
The Details: Microchip Technology said it <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000827054/000082705424000153/mchp-20240820.htm">first detected</a> potentially suspicious activity involving its information technology systems on Saturday and began taking steps to assess the potentially unauthorized activity. 
The company determined on Monday that an unauthorized party had disrupted its use of certain servers and some business operations, and Microchip Technology proceeded to launch an investigation with the assistance of external cybersecurity advisors.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40451412/sidus-space-reports-q2-results-after-45-gain-monday">Sidus Space Reports Q2 Results After 45% Gain Monday</a>
Microchip Technology said the investigation is ongoing and the nature and impact of the incident are not yet known. However, the company's manufacturing facilities are operating at less than normal levels, and its ability to fulfill orders is currently impacted. 
The company added that it has not yet determined whether the incident could materially impact its financial condition or results of operations.
MCHP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Microchip Technology shares are down 1.91% after-hours at $78.75 at the time of publication Tuesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40450880/bit-digital-reports-mixed-q2-results-eps-miss-revenue-up-80">Bit Digital Reports Mixed Q2 Results: EPS Miss, Revenue Up 80%</a></li>
</ul>
Photo: B_A  from Pixabay

Microchip Technology shares are trading lower after the company announced that it detected a potentially suspicious activity involving its IT systems. The company has not determined if the suspicious IT activity incident will impact financial condition or results of operations.

Guidance

Microchip Technology Says Not Yet Determined Whether Suspicious IT Activity Incident Is Reasonably Likely To Materially Impact Financial Condition Or Results Of Operations

Upon detecting the issue, the Company began taking steps to assess, contain and remediate the potentially unauthorized activity.
On August 19, 2024, the Company determined that an unauthorized party disrupted the Company&rsquo;s use of certain servers and some business operations.
The Company promptly took additional steps to address the incident, including isolating the affected systems, shutting down certain systems, and launching an investigation with the assistance of external cybersecurity advisors.
As a result of the incident, certain of the Company&rsquo;s manufacturing facilities are operating at less than normal levels, and the Company&rsquo;s ability to fulfill orders is currently impacted.
The Company is working diligently to bring the affected portions of its IT systems back online, restore normal business operations and mitigate the impact of the incident.

Microchip Technology Says It Detected Potentially Suspicious Activity Involving Its IT Systems; Says Certain Of Manufacturing Facilities Are Operating At Less Than Normal Levels - Filing

Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) has outperformed the market over the past 10 years by 2.12% on an annualized basis producing an average annual return of 12.93%. Currently, Microchip Technology has a market capitalization of $43.27 billion. 
Buying $100 In MCHP: If an investor had bought $100 of MCHP stock 10 years ago, it would be worth $338.13 today based on a price of $80.66 for MCHP at the time of writing.
<h3>Microchip Technology's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724182215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Microchip Technology 10 Years Ago Would Be Worth This Much Today

Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) is teetering on the edge of a significant technical breakdown as its moving averages hint that the stock may be nearing the <a href="https://www.benzinga.com/topic/death-cross">dreaded Death Cross.</a>
With the stock down 6.22% year-to-date and a steep 8.5% in the past month alone, the once-strong chipmaker is now facing a formidable challenge.
<h2 class="wp-block-heading">Moving Averages On A Collision Course</h2>
The stock price of Microchip Technology currently sits at $80.85, with the 50-day simple moving average (SMA) at $87.91 and the 200-day SMA at $87.33. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19103338/Screenshot-2024-08-19-at-5.19.47-PM.png" alt="" class="wp-image-501667" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19103338/Screenshot-2024-08-19-at-5.19.47-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19103338/Screenshot-2024-08-19-at-5.19.47-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The looming convergence of these two SMAs suggests a Death Cross could be on the horizon, signaling a potential prolonged bearish phase.
The technical indicators paint a grim picture for Microchip stock. The 20-day SMA of $81.71 is currently above the stock price, reinforcing the bearish outlook. Meanwhile, the eight-day SMA, which stands at $77.65, provides a faint glimmer of hope as it offers a bullish signal. However, this is overshadowed by the broader trend.
Also Read: <a href="https://www.benzinga.com/trading-ideas/technicals/24/08/40372423/applied-materials-navigates-a-bearish-trend-with-bullish-hopes-ahead-of-q3-earnings">Applied Materials Navigates A Bearish Trend With Bullish Hopes Ahead Of Q3 Earnings</a>
<h2 class="wp-block-heading">MACD, RSI: The Bears Are In Control</h2>
The Moving Average Convergence Divergence (MACD) indicator, sitting at a negative 3.05, underscores the bearish momentum gripping the stock. With an RSI of 46.42, the stock is in a neutral zone, suggesting it&#8217;s not yet oversold and that a reversal may not be imminent.
Adding to the bearish sentiment, the Bollinger Bands for Microchip Technology stock range between $76.97 and $90.47, with the stock price hugging the lower end. This alignment further suggests that Microchip stock may continue to slide.
As Microchip Technology inches closer to a potential Death Cross, investors should tread cautiously. The technical indicators are aligning in a way that could signal more pain ahead for the stock.
While the company's fundamentals in microcontrollers remain strong, the market seems to be pricing in a rough road ahead.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/08/40316759/amd-technical-indicators-signal-caution-is-death-cross-ahead-for-ai-stock">AMD Technical Indicators Signal Caution: Is Death Cross Ahead For AI Stock?</a></li>
</ul>
Photo: Shutterstock

U.S. stocks settled higher on Friday, with the S&amp;P 500 recording its best week since Nov. 2023. The S&amp;P 500 gained around 3.9%, while the Nasdaq and Dow Jones gained 5.2% and 2.9%, respectively, last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Hold rating on Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a price target of $215 on Aug. 14. This analyst sees around 1% downside in the stock.</li>
<li>Recent News: Tesla CEO Elon Musk applauded beverage maker Happy Dad after the company's President John Shahidi shared a photograph of the company's new Cybertruck meant to be deployed in Dallas, Texas, on Sunday.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and slashed the price target from $175 to $150 on Aug. 14. This analyst sees around 35% upside in the stock.</li>
<li>Recent News: Dell Technologies will conduct a conference call on Thursday, Aug. 29, to discuss its fiscal 2025 second quarter financial results.</li>
</ul>
Analyst: Sidney Ho
<ul>
<li>Analyst Firm: Deutsche Bank</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained a Hold rating on Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) and cut the price target from $260 to $230 on Aug. 16. This analyst sees around 11% upside in the stock.</li>
<li>Recent News: On Aug. 15, Applied Materials reported better-than-expected results for its third quarter.</li>
</ul>
Analyst: Alex Rygiel
<ul>
<li>Analyst Firm: B. Riley Securities</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained a Neutral rating on L.B. Foster Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) and cut the price target from $27 to $21 on Aug. 14. This analyst sees about 11% gain in the stock.</li>
<li>Recent News: On Aug. 6, L.B. Foster posted better-than-expected quarterly sales.</li>
</ul>
Analyst: Harsh Kumar
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Upgraded rating on Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) from Neutral to Overweight and raised the price target from $90 to $100 on Aug. 16. This analyst sees around 24% upside in the stock.</li>
<li>Recent News: On Aug. 1, Microchip Technology reported mixed first-quarter financial results.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40420521/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Long Ideas

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

DELL

FSTR

TSLA

This Analyst With 86% Accuracy Rate Sees Around 1% Downside In Tesla - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/23/24</td>
<td>$225.00</td>
<td>$106.5K</td>
<td>11.5K</td>
<td>18.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$420.00</td>
<td>$43.8K</td>
<td>3.4K</td>
<td>11.3K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$120.00</td>
<td>$26.4K</td>
<td>41.0K</td>
<td>10.4K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$135.00</td>
<td>$211.5K</td>
<td>17.8K</td>
<td>4.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$22.00</td>
<td>$34.9K</td>
<td>12.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$170.00</td>
<td>$31.8K</td>
<td>10.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$115.00</td>
<td>$50.0K</td>
<td>1.5K</td>
<td>3.1K</td>
</tr>
<tr>
<td>SKYT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$9.00</td>
<td>$49.5K</td>
<td>4.0K</td>
<td>2.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$25.00</td>
<td>$64.7K</td>
<td>5.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$82.50</td>
<td>$195.9K</td>
<td>222</td>
<td>930</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with neutral sentiment. It expires in 7 day(s) on August 23, 2024. Parties traded 300 contract(s) at a $225.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $106.5K, with a price of $355.0 per contract. There were 11547 open contracts at this strike prior to today, and today 18920 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on August 23, 2024. This event was a transfer of 100 contract(s) at a $420.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $436.0 per contract. There were 3424 open contracts at this strike prior to today, and today 11322 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on August 30, 2024. Parties traded 27 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $981.0 per contract. There were 41007 open contracts at this strike prior to today, and today 10445 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 35 day(s) on September 20, 2024. Parties traded 823 contract(s) at a $135.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $211.5K, with a price of $257.0 per contract. There were 17835 open contracts at this strike prior to today, and today 4192 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bullish sentiment. It expires in 35 day(s) on September 20, 2024. Parties traded 635 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $55.0 per contract. There were 12881 open contracts at this strike prior to today, and today 3510 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on September 13, 2024. Parties traded 33 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $965.0 per contract. There were 10596 open contracts at this strike prior to today, and today 3331 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on August 23, 2024. Parties traded 350 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $143.0 per contract. There were 1500 open contracts at this strike prior to today, and today 3114 contract(s) were bought and sold. 
• For SKYT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 450 contract(s) at a $9.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $110.0 per contract. There were 4075 open contracts at this strike prior to today, and today 2534 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a put option sweep with bearish sentiment. It expires in 91 day(s) on November 15, 2024. Parties traded 820 contract(s) at a $25.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $64.7K, with a price of $79.0 per contract. There were 5104 open contracts at this strike prior to today, and today 1022 contract(s) were bought and sold. 
• Regarding MCHP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), we observe a call option trade with bullish sentiment. It expires in 35 day(s) on September 20, 2024. Parties traded 700 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $195.9K, with a price of $280.0 per contract. There were 222 open contracts at this strike prior to today, and today 930 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

MSFT

PLTR

10 Information Technology Stocks Whale Activity In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our<a href="https://www.benzinga.com/analyst-stock-ratings"> analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5809becc846faa000106ad2b/stephen-bersey">HSBC analyst Stephen Bersey</a> upgraded the rating for Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) from Hold to Buy, while raising the price target from $46 to $58. Cisco shares gained 6.8% to close at $48.53 on Thursday. <a href="https://www.benzinga.com/quote/CSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Williams Trading analyst Sam Poser upgraded NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from Sell to Buy and boosted the price target from $67 to $93. Nike shares gained 5.1% to close at $82.50 on Thursday. <a href="https://www.benzinga.com/quote/CNKESCO/analyst-ratings">See how other analysts view this sto</a>ck.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6331beac10b15f0001b58380/c-j%20muse">Cantor Fitzgerald analyst C J Muse </a>upgraded the rating for Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) from Neutral to Overweight and announced a $160 price target. Teradyne shares gained 5.2% to close at $131.73 on Thursday. <a href="https://www.benzinga.com/quote/TER/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Harsh Kumar upgraded Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) from Neutral to Overweight, while increasing the price target from $90 to $100. Microchip shares gained 4.1% to settle at $81.30 on Thursday. <a href="https://www.benzinga.com/quote/MCHP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Daiwa Capital analyst <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6331beac10b15f0001b58380/c-j%20muse">Narumi Nakagiri</a> upgraded the rating for Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) from Neutral to Buy and boosted the price target from $120 to $154. Illumina shares gained 5.3% to close at $128.80 on Thursday. See how other analysts view this stock. S<a href="https://www.benzinga.com/quote/ILMN/analyst-ratings">ee how other analysts view this stock.</a></li>
</ul>
Considering buying CSCO stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="579" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16082653/image-1-47-1024x579.png" alt="" class="wp-image-498819" style="width:531px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16082653/image-1-47-1024x579.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16082653/image-1-47-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16082653/image-1-47-768x434.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16082653/image-1-47.png 1257w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Upgrades

CSCO

ILMN

This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Piper Sandler raised the price target for Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) from $238 to $240. Piper Sandler analyst Arvind Ramnani reiterated an Overweight rating. Globant shares gained 1.7% to close at $194.37 on Thursday. <a href="https://www.benzinga.com/quote/GLOB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Daiwa Capital increased the price target for Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) from $120 to $154. Daiwa Capital analyst Narumi Nakagiri upgraded the stock from Neutral to Buy. Illumina shares gained 5.3% to close at $128.80 on Thursday.<a href="https://www.benzinga.com/quote/ILMN/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Piper Sandler boosted Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) price target from $90 to $100. Piper Sandler analyst Harsh Kumar upgraded the stock from Neutral to Overweight. Microchip shares rose 4.1% to close at $81.30 on Thursday. <a href="https://www.benzinga.com/quote/MCHP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut the price target for The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) from $71 to $70. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating. Charles Schwab shares fell 0.2% to close at $65.23 on Thursday. <a href="https://www.benzinga.com/quote/CHW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group boosted Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) price target from $75 to $82. Telsey Advisory Group analyst Joe Feldman maintained an Outperform rating. Walmart shares gained 6.6% to close at $73.18 on Thursday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) price target from $10 to $11. Baird analyst Ghansham Panjabi maintained a Neutral rating. Amcor shares gained 1.8% to close at $10.85 on Thursday. <a href="https://www.benzinga.com/quote/AMCR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) from $85 to $88. Baird analyst Colin Sebastian maintained an Outperform rating. Alibaba shares rose 0.1% to close at $79.54 on Thursday. <a href="https://www.benzinga.com/quote/BABA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) price target from $400 to $410. B of A Securities analyst Ross Gilardi maintained a Neutral rating. Deere shares gained 6.3% to close at $373.26 on Thursday.<a href="https://www.benzinga.com/quote/DE/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Wells Fargo boosted Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) price target from $29 to $46. Wells Fargo analyst Steven Cahall upgraded the stock from Underweight to Overweight. Fox shares fell 0.2% to close at $38.99 on Thursday.<a href="https://www.benzinga.com/quote/FOXA/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Benchmark cut JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) price target from $55 to $47. Benchmark analyst Fawne Jiang maintained a Buy rating. JD.com shares gained 4.3% to close at $27.00 on Thursday. <a href="https://www.benzinga.com/quote/JD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BABA stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-1024x569.png" alt="" class="wp-image-498708" style="width:570px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46.png 1235w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

AMCR

BABA

FOXA

GLOB

SCHW

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Citi is still bullish on chips despite yesterday's sell-off after July data

Citi analyst Christopher Danely maintained a Buy rating on Microchip (MCHP – Research Report) today. The company's shares closed yesterday at $76.8...

Microchip (MCHP) Receives a Buy from Citi

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Citi screens for mid-cap tech stocks for barbell investment approach with Magnificent 7

VOT: Growth ETF With Quality, But Lagging Some Peers

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Microchip Technology

Microchip Technology (MCHP) Forecast

Microchip Technology (NASDAQ:MCHP) Stock, Quote.Headers.trade-ideas