Microchip Technology (MCHP) news

S&P 500 rises 0.5% to session high; Nasdaq 100 up 0.2%

On August 21, 2026, U.S. stock markets posted gains, with the S&P 500 rising 0.5% to a session high, while the Nasdaq 100 advanced 0.2% . The performance reflects continued investor confidence in large-cap equities, particularly in the technology sector, which has shown resilience amid broader…

S&P 500 index futures gain 0.2%, Nasdaq 100 futures up 0.5%

U.S. stock index futures edged higher on Friday, with the S&P 500 and Nasdaq 100 showing modest gains ahead of a key jobs report expected to influence Federal Reserve policy decisions. S&P 500 futures rose 0.2%, while Nasdaq 100 futures climbed 0.5% , reflecting continued strength in technology and…

Microchip Technology shares gain 11.3% after co forecasts Q2 revenue, profit above estimates

Microchip Technology (NASDAQ: MCHP) shares rose 11.3% following the company’s Q2 CY2026 earnings report, which showed revenue and profit exceeding analyst expectations. The analog chipmaker reported revenue of $1.48 billion, surpassing the $1.46 billion estimated by analysts and marking a 38%…

Microchip Technology Inc: UBS cuts target price to $120 from $130

UBS has revised its price target for Microchip Technology Inc (MCHP.O) from $130 to $120, reflecting updated expectations for the company's performance amid evolving market conditions. The adjustment comes as analysts reassess the broader semiconductor industry's trajectory, balancing signs of…

Microchip Technology: Truist Securities cuts target price to $90 from $105