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The chip maker reports better-than-expected earnings and revenue for its fiscal second quarter, and agrees to acquire Empower Semiconductor.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...
equity fund inflows surged to a three-week high in the week to May 13 on optimism over a strong earnings season and robust revenue guidelines by chipmakers, despite a buildup in inflationary pressure. According to LSEG Lipper data, investors pumped up a net $22.
Microchip Technology (MCHP) delivered Q4 results and guidance above Wall Street expectations, reinfo
May 8 (Reuters) - U.S. stock index futures rose on Friday as a recovery in chipmakers helped offset worries about renewed U.S.-Iran tensions, while investors looked ahead to a crucial employment
Microchip Technology (NASDAQ:MCHP) reported March-quarter results that exceeded its prior guidance and pointed to continued momentum heading into the June quarter, as management said demand is improving across end markets and distributor inventory appears to have normalized. Quarterly and full-year
In attendance with me today are Steve Sanghi, Microchip’s President and CEO; Richard J. Other than net sales, I will be referring to these results on a non-GAAP basis which is based on expenses prior to the effects of acquisition activities, share-based compensation and certain other adjustments as described in the earnings press release, and in the reconciliations on our website.
Morgan Stanley is leaning bullish on semiconductor stocks at a time when the sector is already on fire. The iShares Semiconductor ETF(SOXX) is up 51% this year, and instead of calling a top, the firm just raised price targets for names like IonQ (IONQ), Microchip (MCHP), and ...
Microchip Technology forecast first-quarter revenue above estimates on Thursday, betting on strong demand for its chips used in industrial and automotive sectors. Shares of the Chandler, Arizona-based company rose more than 2% in extended trading. The company has benefited from a cyclical recovery in key end-markets including industrial and automotive, as well as surging demand from artificial intelligence data centers.
Microchip Technology is scheduled to post its fourth-quarter results soon, and analysts predict a triple-digit surge in the company’s bottom-line figure.