The Latest Breaking News from Microchip

A raft of semiconductor stocks fell this week after guiding well short of views for the December quarter.

The rise in chip demand across various industries and favorable government policies are expected to boost the semiconductor industry. Therefore, it might be wise to buy fundamentally strong semiconductor stocks Applied Materials (AMAT), Microchip Technology (MCHP), and Everspin Technologies (MRAM), which are poised for promising returns this month. Read more.

Microchip Technology beat Wall Street's targets for its fiscal second quarter and guided higher for the current period.

The UK Government has confirmed an assessment of the deal by Chinese-owned firm Nexperia to acquire Newport Wafer Fab

The Dow Jones Industrial Average rallied 400 points Tuesday following Monday's market dive. Peloton and Upstart crashed on earnings results.

Dow Jones futures moved higher after Monday's stock market plunge. President Biden's speech on inflation is scheduled for Tuesday.

Microchip Technology late Monday beat Wall Street's targets for the March quarter and guided higher for the June quarter.

Most semiconductor stocks have faltered this earnings season despite many posting beat-and-raise reports.

UBS analyst Pradeep Ramani upgraded Microchip Technology Inc (NASDAQ:MCHP) to Buy from Neutral with a price target of $92, up from $82, suggesting an upside of 21.5%. The analyst states that the Analog cycle is transitioning to the inventory build phase. However, it still "has legs" at least through 2022 and likely into the first…