Microchip Technology Inc (NASDAQ:MCHP) doesn't usually get as much attention as sector peers Nvidia (NVDA), Advanced Micro Devices (AMD), and Intel (INTC), but the semiconductor name is in the spotlight today. Piper Sandler earlier upgraded the shares to "overweight" from "neutral," and raised its price objective to $100 from $90, noting multiple tailwinds. At last glance, MCHP is up 1.2% at $82.27 in premarket trading. The equity is bouncing off its lowest level since November, but it remains to be seen wh ...

CHANDLER, Ariz., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that it will webcast its Annual Meeting of Shareholders starting at 9:00 a.m. (Pacific Time) on Tuesday, August 20, 2024 at www.microchip.com. A replay of the event will also be available at www.microchip.com for a period of 14 days following the meeting. The Annual Meeting will consist of the official business of the shareholder ...

On Monday, Aug. 5, stock markets went into a full meltdown, triggered by the release of a disappointing July jobs report. That was followed by a decision by the Bank of Japan to raise its short-term policy rate target to 0.25% from the range of 0% to 0.1%. The bank also announced a sharp decline in the bonds it buys. Japan's central bank decision resulted in the unwinding of carry trades. This is where investors borrow in lowinterest-rate economies and invest in economies with high yields. Since then, the s ...

CHANDLER, Ariz., Aug. 13, 2024 (GLOBE NEWSWIRE) -- The latest data center architectures and increased traffic are driving higher bandwidth requirements between data centers. To address this challenge, system developers must streamline the development of a new generation of 1.2 Tbps (1.2T) transport solutions across a wide range of client configurations. This requires that today's terabit-scale Ethernet PHY devices and coherent optical modules interoperate with each other in Data Center Interconnect (DCI) an ...

CHANDLER, Ariz., Aug. 07, 2024 (GLOBE NEWSWIRE) -- The reliability and performance of Electric Vehicle (EV) chargers are critical to drive global market adoption. EV manufacturers are focused on delivering the most robust, weather-resistant and user-friendly EV chargers. To accelerate the time to market of an EV charger, Microchip Technology (Nasdaq: MCHP) today announces three flexible and scalable EV Charger Reference Designs including a Single-Phase AC Residential, a Three-Phase AC Commercial with Open C ...

CHANDLER, Ariz., Aug. 07, 2024 (GLOBE NEWSWIRE) -- The reliability and performance of Electric Vehicle (EV) chargers are critical to drive global market adoption. EV manufacturers are focused on delivering the most robust, weather-resistant and user-friendly EV chargers. To accelerate the time to market of an EV charger, Microchip Technology (NASDAQ:MCHP) today announces three flexible and scalable EV Charger Reference Designs including a Single-Phase AC Residential, a Three-Phase AC Commercial with Open Ch ...

l 100 Print r Monty Rakusen Investment summary My previous investment thought for Microchip (NASDAQ:MCHP) (published in late May this year) was a buy rating because my view was that the cyclical bottom is near and MCHP should see strong growth inflection soon. I am staying with a buy rating as I still expect a cyclical turnaround soon, most likely in 3Q25. I do not see any structural changes to the long-term demand outlook for microcontrollers, especially with the growing data center and AI demand. As MCHP ...

Microchip Technology NASDAQ: MCHP stock is selling off for more reasons than one, but its operational quality, market position, and outlook make this a buy-the-dip opportunity. Among the takeaways from the Q1 release are that near-term headwinds, including end-market inventory normalization and macroeconomic headwinds, weigh on the market today. Still, the long-term outlook for semiconductor solutions is robust. MCHP ▼ Microchip Technology Today Microchip Technology $73.86 0.00 (0.00%) 52-Week Range $68.75 ...

CHANDLER, Ariz., Aug. 05, 2024 (GLOBE NEWSWIRE) -- The Artificial Intelligence (AI) boom and rapid expansion of cloud-based services are accelerating the need for data centers to be more powerful, efficient and highly reliable. To meet the growing market demands, Microchip Technology (Nasdaq: MCHP) has released the Flashtec® NVMe® 5016 Solid State Drive (SSD) controller. The 16-channel, PCIe® Gen 5 NVM Express® (NVMe) controller is designed to offer higher levels of bandwidth, security and flexibility. "Dat ...

CHANDLER, Ariz., Aug. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the KeyBanc Capital Markets Technology Leadership Forum on Monday, August 5, 2024 at 10:00 a.m. (Mountain Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by Ke ...