Microchip Technology Stock (NASDAQ: MCHP)

Dernières nouvelles pour Microchip Technology (NASDAQ:MCHP) Stock

MICROCHIP TECHNOLOGY INC

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.

Microchip Technology Incorporated - Common Stock

Microchip Technology Inc

Microchip Technology Incorporated - Depositary Shares Each Representing a 1/20th Interest in a Share of 7.50% Series A Mandatory Convertible Preferred Stock

President Donald Trump has set up a new body within the Commerce Department to manage the CHIPS and Science Act, 2022. 
What Happened: A new entity, the United States Investment Accelerator within the Commerce Department, will now oversee the CHIPS Act program, as established by an executive order signed by Trump on Monday.
Despite Trump&#8217;s past criticism of the bipartisan legislation, the White House said in its fact sheet that the new office will focus on &#8220;negotiating much better CHIPS Act deals&#8221; and streamlining investment processes through reduced regulatory burdens and faster permitting.
According to the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>, the CHIPS Program has granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies across 23 states. 
However, the new entity — Investment Accelerator that will be controlling the CHIPS Act, not only plans to expedite corporate investments but promises to deliver &#8221; the benefit of the bargain for taxpayers,&#8221; as per the Whit House fact sheet.
Other primary goals of the body include;
<ul>
<li>Reducing regulatory burdens</li>
</ul>
<ul>
<li>Speeding up permitting;</li>
</ul>
<ul>
<li>Coordinating responses to investor issues across multiple Federal agencies; </li>
</ul>
<ul>
<li>Increasing access to national resources;</li>
</ul>
<ul>
<li>Facilitating collaboration with national laboratories; </li>
</ul>
<ul>
<li>Working with all 50 state governments and their economic development organizations.</li>
</ul>
Here are the U.S.-listed beneficiaries that have received grants under the CHIPS and Science Act, 2022 in the past. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Amkor Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>)</td>
<td>-30.57%</td>
<td>-43.23%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>-4.58%</td>
<td>2.57%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-35.44%</td>
<td>8.23%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>-1.99%</td>
<td>40.13%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-10.03%</td>
<td>-37.79%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-13.11%</td>
<td>-28.73%</td>
</tr>
<tr>
<td>HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</td>
<td>-14.72%</td>
<td>-8.85%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>12.31%</td>
<td>48.99%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>)</td>
<td>-22.44%</td>
<td>2.83%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>-14.89%</td>
<td>-46.06%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>-0.50%</td>
<td>-30.10%</td>
</tr>
<tr>
<td>Polar Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>)</td>
<td>-30.66%</td>
<td>-31.05%</td>
</tr>
<tr>
<td>Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</td>
<td>-28.37%</td>
<td>338%</td>
</tr>
<tr>
<td>Skywater Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>)</td>
<td>-47.36%</td>
<td>-30.08%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>-3.88%</td>
<td>3.77%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>-17.65%</td>
<td>17.32%</td>
</tr>
<tr>
<td>Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)</td>
<td>-53.85%</td>
<td>-89.77%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/04/44578555/nancy-pelosis-pick-palo-alto-networks-downplays-ai-spending-need-analyst-warns-ai-digestion-phase-may-be-a-larger-problem" target="_blank" rel="noreferrer noopener">Nancy Pelosi's Pick, Palo Alto Networks Downplays AI Spending Need: Analyst Warns ‘AI Digestion Phase May Be A Larger Problem'</a>
Why It Matters: Trump has been vocal about his criticism of the CHIPS Act. On March 4, during his joint address to Congress, he said, &#8220;Your Chips Act is a horrible, horrible thing.&#8221;
He also urged U.S. House Speaker Mike Johnson to &#8220;get rid&#8221; of it and use &#8220;whatever is left over&#8221; to &#8220;reduce debt or any other reason you want to.&#8221;
However, the White House&#8217;s new plan has passed on the management of the act to the new entity. Since his time in office, Trump has been able to convince companies to invest in the U.S.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM revealed its plans to inject another $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative and bringing total investment to $165 billion.
Similarly, the Magnificent 7 companies are widely expected to spend more than $330 billion on capex in 2025. While the chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) hasn't explicitly mentioned a target during its earnings call, the iPhone maker Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) broadly expects to spend $500 billion over the next four years. The remaining companies, however, have provided a specific target for 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>CAPEX Target For 2025</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>$80 Billion</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>$100 Billion</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>$75 Billion</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>$65 Billion</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>$11 Billion</td>
</tr>
</tbody>
</table>
</figure>
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Monday. The SPY was down 0.51% to $556.56, while the QQQ declined 0.46% to $466.75, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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WOLF

Days After Calling The CHIPS Act A 'Horrible Thing' Donald Trump Sets Up New Entity For 'Negotiating Much Better...Deals:' Here's More

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Opera Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRA#NASDAQ">OPRA</a>)</h3>
<ul>
<li>Dividend Yield: 4.41%</li>
<li>TD Cowen analyst Lance Vitanza maintained a Buy rating and raised the price target from $25 to $28 on Oct. 30, 2024. This analyst has an accuracy rate of 74%.</li>
<li>B. Riley Securities analyst Lee Krowl reiterated a Buy rating and lifted the price target from $24 to $25 on Oct. 30, 2024. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On Feb. 27, Opera reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance above estimates.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">OPRA news</a>. </li>
</ul>
<h3 class="wp-block-heading">Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</h3>
<ul>
<li>Dividend Yield: 4.10%</li>
<li>Goldman Sachs analyst Toshiya Hari maintained a Neutral rating and cut the price target from $92 to $70 on Feb. 6, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Stifel analyst Ruben Roy downgraded the stock from Buy to Hold and slashed the price target from $105 to $62 on Feb. 6, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On Feb. 5, Skyworks issued second-quarter adjusted EPS guidance below estimates.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">latest SWKS news</a> </li>
</ul>
<h3 class="wp-block-heading">Microchip Technology Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NYSE">MCHP</a>)</h3>
<ul>
<li>Dividend Yield: 3.48%</li>
<li>Evercore ISI Group analyst Mark Lipacis maintained an Outperform rating and raised the price target from $65 to $71 on March 4, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Mizuho analyst Vijay Rakesh maintained an Outperform rating and boosted the price target from $58 to $68 on March 4, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On March 24, Microchip Technology said the company&#8217;s PolarFire SoC FPGAs achieved AEC-Q100 qualifications.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">MCHP news</a></li>
</ul>

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</figure>
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Dividends

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

OPRA

SWKS

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

WIIM

Microchip Technology shares are trading higher after the company's PolarFire SoC FPGAs achieved AEC-Q100 qualifications.

Microchip's PolarFire SoC FPGAs Cleared For Automotive Use With AEC-Q100 Grade 1, Featuring Embedded RISC-V Cores

Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares are trading relatively flat on Friday<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> in the premarket session.</a>
The firm has priced its <a target="_blank" href="https://www.benzinga.com/25/03/44413101/whats-going-on-microchip-technology-shares-premarket-on-thursday" rel="noreferrer noopener">previously </a>announced underwritten public offering of $1.35 billion of depositary shares, each representing a 1/20th interest in a share of newly issued 7.50% Series A Mandatory <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44429688/microchip-technology-announces-pricing-of-offering-of-depositary-shares-representing-interests-in-" rel="noreferrer noopener">Convertible Preferred Stock.</a>
The offering is priced at $50.00 per depositary share, with the offering expected to close on March 25.
Microchip has granted underwriters a 13-day option to purchase an additional $135 million of depositary shares to cover over-allotments.
The net proceeds, estimated at approximately $1.32 billion, will primarily be used to repay existing debt, including notes under the company's commercial paper program.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44423259/holley-may-bear-the-brunt-of-ongoing-macroeconomic-challenges-analyst-highlights-softer-top-line-outlook" rel="noreferrer noopener">Holley May Bear The Brunt Of Ongoing Macroeconomic Challenges, Analyst Highlights Softer Top-line Outlook</a>
Additionally, around $50.1 million will go towards paying for capped call transactions. If the over-allotment option is exercised, some of the proceeds will be directed toward additional capped call transactions.
In other news, Microchip recently introduced a new offering for the <a target="_blank" href="https://www.benzinga.com//node/44353847" rel="noreferrer noopener">electric two-wheeler (E2W) industry.</a>
The company's E2W ecosystem provides scalable solutions to optimize performance in electric scooters and bikes.
Key offerings include advanced battery management systems (BMS) that enhance power efficiency, extend battery life, and improve safety, helping manufacturers develop reliable, feature-rich products with quicker market entry.
As of December 31, cash and short-term&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43545040/microchip-technology-announces-financial-results-for-third-quarter-of-fiscal-year-2025" rel="noreferrer noopener">investments of the firm stood at $586 million</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, MCHP stock has lost over 42% in the past year. Investors can gain exposure to the stock via First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNGZ#NASDAQ">KNGZ</a>).
Price Action: MCHP shares are trading lower by 0.45% to $50.77 in the premarket session on Friday.
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</ul>
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Offerings

Movers

KNGZ

What's Going On With Microchip Technology Stock Today?

Microchip Technology Prices $1.35B Offering Of Series A Preferred Stock Depositary Shares

Microchip Technology shares are trading lower after the company announced the launch of a $1.35 billion offering of depositary shares representing interests in Series A mandatory convertible preferred stock.

U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.
Shares of JOYY Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/YY/earnings">weak quarterly sales</a>.
JOYY reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.18 per share. The company reported quarterly sales of $549.45 million which missed the analyst consensus estimate of $549.46 million by 0 percent. This is a 3.58 percent decrease over sales of $569.84 million the same period last year.
JOYY shares dipped 10.9% to $41.75 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Akebia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKBA#NASDAQ">AKBA</a>) shares fell 26.2% to $2.09 in pre-market trading after the company priced its $50 million public offering of 25 million common shares at $2 per share.</li>
<li>Maze Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAZE#NASDAQ">MAZE</a>) fell 11.8% to $10.70 in today's pre-market trading.</li>
<li>GH Research PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHRS#NASDAQ">GHRS</a>) declined 7.2% to $11.01 in pre-market trading.</li>
<li>Enerflex Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFXT#NYSE">EFXT</a>) fell 7.1% to $7.00 in pre-market trading after the company reported that Marc Rossiter has stepped down as President, CEO, and Director.</li>
<li>ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) declined 5.8% to $20.49 in pre-market trading.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) fell 5.5% to $51.54 in pre-market trading after the company announced an offering of $1.35 of billion depository shares.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) fell 4.7% to $9.21 in pre-market trading.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) fell 2.5% to $30.00 in pre-market trading.</li>
</ul>
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AKBA

EFXT

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JOYY, Akebia Therapeutics, Microchip Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Microchip Technology (NASDAQ:<a href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) today announced it has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility ("Fab 2") located in Tempe, Arizona. This decision is part of Microchip's previously announced manufacturing restructuring plan supporting its strategic goal of enhancing operational efficiency and profitability.
The Fab 2 site, which includes installed and operational semiconductor equipment, will be marketed and sold under the guidance of the semiconductor and technology team within Macquarie's Commodities and Global Markets business. Microchip's product manufacturing and technologies in Fab 2 are being transferred to Fabs 4 and 5 in Oregon and Colorado, respectively. Those facilities remain key to Microchip's long-term production and capacity plans.

Asset Sales

Microchip Technology Engages Macquarie To Market And Sell Tempe, Arizona Wafer Facility Under Restructuring Plan; Production Shifts To Oregon And Colorado. Terms Not Disclosed

Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares are trading lower premarket on Thursday. On Wednesday, the company disclosed the launch of&nbsp;a public offering of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44405834/microchip-technology-announces-launch-of-offering-of-depositary-shares-representing-interests-in-s" rel="noreferrer noopener">$1.35 billion of depositary shares</a>.
Each share represents a 1/20th interest in newly issued Series A Mandatory Convertible Preferred Stock.
The company has also granted underwriters a 13-day option to purchase up to an additional $135 million in depositary shares to cover over-allotments.
Microchip plans to allocate part of the net proceeds to fund capped call transactions and, if the over-allotment option is exercised, additional capped call transactions.
The remaining funds will be used to repay existing debt, including outstanding notes under its commercial paper program.
In conjunction with the pricing of the depositary shares, Microchip plans to enter into privately negotiated capped call transactions with one or more underwriters, their affiliates, or other financial institutions.
As of December 31, cash and short-term <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43545040/microchip-technology-announces-financial-results-for-third-quarter-of-fiscal-year-2025" rel="noreferrer noopener">investments stood at $586 million</a>.
In a separate release, Microchip Technology disclosed the AVR SD family of microcontrollers (MCUs), designed with integrated functional safety features to support <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44394174/entry-level-microcontrollers-reduce-system-cost-and-complexity-in-safety-critical-applications" rel="noreferrer noopener">applications requiring strict safety assurance</a>.
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNGZ#NASDAQ">KNGZ</a>)&nbsp;and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Action: MCHP shares are down 7.44% at $50.51 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44356648/microchip-launches-e2w-ecosystem-to-boost-efficiency-and-safety-in-electric-scooters" target="_blank" rel="noreferrer noopener">Microchip Launches E2W Ecosystem To Boost Efficiency And Safety In Electric Scooters</a></li>
</ul>
Photo via Shutterstock.

What's Going On Microchip Technology Stock Premarket on Thursday?

U.S. stock futures declined on Thursday following the Federal Open Market Committee&#8217;s (FOMC) decision on Wednesday. Futures of all four benchmark indices were lower in premarket trading.
On Wednesday, the stocks advanced after Federal Reserve Chairman Jerome Powell announced that the inflation caused by President Donald Trump&#8217;s tariffs would be &#8220;transitory&#8221; in nature. Furthermore, the &#8220;dot plot&#8221; projected two rate cuts in 2025, maintaining the Fed&#8217;s initial forecast.
The 10-year Treasury yield stood at 4.22%, while the two-year yield was at 3.97%. According <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> the CME Group's FedWatch tool, there is an 82.6% chance that the Federal Reserve will keep the interest rates unchanged during its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.83%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.66%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.53%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.75%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.29% to $568.76, and the QQQ advanced 0.40% to $482.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Energy, technology, and consumer discretionary sectors led a broad rally on Wednesday, propelling the S&amp;P 500 index. This surge occurred alongside the Federal Reserve&#8217;s decision to maintain interest rates.
Despite projecting two 2025 rate cuts, the Fed&#8217;s dot plot now signals lower growth and higher inflation, sparking stagflation worries.
Notably, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rebounded 1.8% after its CEO&#8217;s address, and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) soared nearly 7% on delivery and cash flow improvement plans. Meanwhile, mortgage applications declined, but all S&amp;P 500 sectors closed positively.
As of Wednesday, the Nasdaq 100 remains in correction territory, having fallen 11.19% from its prior peak. Similarly, the Dow Jones and S&amp;P 500 have dropped 6.70% and 7.68%, respectively, from their 52-week highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.41%</td>
<td>17,750.79</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.08%</td>
<td>5,675.29</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.92%</td>
<td>41,964.63</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.57%</td>
<td>2,082.08</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Market volatility, driven by tariff uncertainties and federal job cuts, has created a buying opportunity, according to Scott Wren, Senior Global Market Strategist. &#8220;The pullback in equities offers an opportunity,&#8221; he said.
Despite recent market pullbacks, Wren advises shifting from bonds to equities. He argues that while tariffs and job cuts introduce costs, their impact on the overall economy, particularly the likelihood of a recession, is minimal.
Tariffs, while causing localized price increases, won&#8217;t uniformly affect U.S. firms, and federal layoffs represent a small portion of the labor market, with historical data suggesting displaced workers find alternative employment. Wren also notes that tariff revenue and federal budget savings tend to be limited.
He added that strong labor market fundamentals and healthy household finances support continued consumer spending, mitigating recession risks. &#8220;We think the economy will grow a little more slowly than in 2024, but the consumer and the labor market look more like their averages of the past 15 years than a prelude to a recession,&#8221; he said.
Mohamed El-Erian, a prominent economist, criticized the Federal Reserve&#8217;s recent communication, citing their past error in labeling inflation as &#8220;transitory.&#8221; He believes the Fed should be more cautious, especially given their previous misjudgment and current economic uncertainties.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The word — "transitory" — is back at the Federal Reserve as Chair Powell characterizes the price effects of tariffs as a one-off. I would have thought that, particularly after the big policy mistake of earlier this decade and given all the current uncertainties, some Fed…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1902435256927388049?ref_src=twsrc%5Etfw">March 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>The initial jobless claims data for the week ended March 15 and the Philadelphia Fed manufacturing survey data for March will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>February&#8217;s existing home sales and U.S. leading economic indicators data will be released by 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Accenture Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) was down 0.30% in premarket on Thursday ahead of its earnings before the opening bell. Analysts expect earnings of $2.82 per share on revenue of $16.62 billion.</li>
</ul>
<ul>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) advanced 0.67% as Wall Street expects it to report earnings of $1.83 per share on the revenue of $6.41 billion before the opening bell.</li>
</ul>
<ul>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 0.73% ahead of its earnings after the closing bell. Analysts expect earnings of $1.42 per share on the revenue of $7.89 billion.</li>
</ul>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) was above the flatline by 0.07% as Wall Street expects it to report earnings of $4.54 per share on the revenue of $21.89 billion after the closing bell.</li>
</ul>
<ul>
<li>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) dropped 2.29% after announcing an offering of $1.35 billion in depository shares.</li>
</ul>
<ul>
<li>OptiNose Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTN#NASDAQ">OPTN</a>) was 60.83% higher after it canceled its earnings conference call following its acquisition agreement with Paratek Pharmaceuticals</li>
</ul>
<ul>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) surged 37.22% after it was given 180 by Nasdaq to get its stock price back up to $1.00 for maintaining compliance.</li>
</ul>
<ul>
<li>Virpax Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) plunged 12.84% after it announced that it will execute a 1-for-25 reverse stock split on March 20, 2025, with trading on a split-adjusted basis beginning March 21, 2025. This reduces outstanding shares and proportionally adjusts equity awards.</li>
</ul>
<ul>
<li>Zoomcar Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) slumped 28.45% after it said that it would implement a 1-for-20 reverse stock split on March 21, 2025, with adjusted trading beginning March 24, 2025. This aims to maintain Nasdaq compliance.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.67% to hover around $67.36 per barrel.
The gold spot index was down by 0.14% to $3,043.20 per ounce. Its last record high was at $3,057.36 per ounce. The Dollar Index was up by 0.32% at the 103.756 level.
Asian markets closed mixed on Thursday with China&#8217;s CSI 300, Hong Kong's Hang Seng, and Japan's Nikkei 225 index falling in trade. Whereas, India's S&amp;P BSE Sensex, South Korea's Kospi, and Australia's ASX 200 index advanced. European markets traded lower.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44354638/mark-cuban-advises-genz-to-spend-every-waking-minute-learning-about-ai-amid-disruption-heres-a-list-of-ai-investm">Mark Cuban Advises GenZ To &#8216;Spend Every Waking Minute Learning About AI:&#8217; Here&#8217;s A List Of AI Investment Opportunities For Long Term</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Futures

Economics

Federal Reserve

AGMH

OPTN

VRPX

ZCAR

US Stocks Likely To Open Lower After Fed Decision: Any Pullback In Equities 'Offers An Opportunity,' Says Expert

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to report quarterly earnings at $2.82 per share on revenue of $16.62 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Accenture shares gained 0.3% to $325.30 in after-hours trading.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings of $1.83 per share and a revenue of $6.41 billion. The company will release earnings before the markets open. Jabil shares rose 1.1% to $141.00 in after-hours trading.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) announced an offering of $1.35 billion in depository shares. In the after-hours trading session, Microchip Technology shares fell 2.3% to $53.31.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is projected to post quarterly earnings at $1.42 per share on revenue of $7.89 billion. Micron shares rose 0.5% to $102.60 in the after-hours trading session.</li>
<li>Analysts expect FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) to post quarterly earnings at $4.54 per share on revenue of $21.89 billion after the closing bell. FedEx shares rose 0.4% to $248.20 in after-hours trading.</li>
</ul>
Check This Out:
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<li><a href="https://www.benzinga.com/markets/25/03/44396642/jim-cramer-says-tjx-is-terrific-recommends-buying-these-stocks"> Jim Cramer Says TJX Is &#8216;Terrific,&#8217; Recommends Buying These Stocks</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Accenture, FedEx And 3 Stocks To Watch Heading Into Thursday

Microchip Technology shares are trading lower after the company announced an offering of $1.35 of billion depository shares.

(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) Microchip Technology Incorporated ("Microchip" or the "Company"), a leading provider of smart, connected, and secure embedded control solutions, today announced the launch of an underwritten public offering (the "offering") of $1.35 billion of depositary shares ("depositary shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $0.001 per share ("preferred stock"), of the Company. Microchip expects to grant the underwriters of the offering a&nbsp;13-day&nbsp;option to purchase up to an additional $135 million of depositary shares, solely to cover over-allotments, if any. Microchip intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below. If the underwriters exercise their option to purchase additional depositary shares, Microchip expects to use a portion of the net proceeds from the sale of such additional depositary shares to enter into additional capped call transactions. Microchip intends to use the remaining net proceeds to repay existing debt, including notes outstanding under its commercial paper program.
J.P. Morgan, BofA Securities and BNP Paribas are acting as lead joint bookrunning managers for the offering. J. Wood Capital Advisors is acting as Microchip's financial advisor for the offering.

Microchip Technology Announces Launch Of Offering Of $1.35B Depositary Shares Representing Interests In Series A Mandatory Convertible Preferred Stock

Microchip Launches AV SD Family Of MCUs With Built-in Safety Features, Meeting ASIL C And SIL 2 Standards For Automotive Applications

Microchip Technology shares are trading higher after the company announced it launched an electric two-wheeler ecosystem.

On Monday, Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) introduced a fresh offering for <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44353847/microchip-introduces-electric-two-wheeler-ecosystem-to-accelerate-e-mobility-innovation" rel="noreferrer noopener">the electric two-wheeler (E2W) industry</a>, designed to ease the development of e-scooters and e-bikes.
Microchip&#8217;s E2W ecosystem aims to tackle key issues like power efficiency, system integration, and safety. These solutions provide manufacturers with a high-quality, scalable platform to develop dependable, feature-packed electric two-wheelers with faster market entry.
The ecosystem&#8217;s key solutions to optimize electric two-wheeler performance include advanced battery management systems (BMS), which improve power utilization and extend battery life.
&#8220;Manufacturers often struggle with optimizing power efficiency, ensuring seamless system integration and meeting evolving safety standards,&#8221; said corporate vice president of Microchip&#8217;s dsPIC business unit, Joe Thomsen.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44327146/whats-going-on-with-palantir-technologies-stock-today" rel="noreferrer noopener">Palantir Technologies Partners With RCM Company R1For AI Lab&nbsp;</a>
&#8220;Microchip&#8217;s Electric Two-Wheeler Ecosystem directly addresses these design challenges with pre-validated, high-performance solutions that help accelerate product development and enhance vehicle reliability.&#8221;
The 48V to 12V power conversion system enhances system efficiency, while the 7.4 kW single-phase AC EV charger supports fast and flexible home charging.
Additionally, the modular design of the ecosystem ensures smooth development of various power levels and feature sets for e-scooters and e-bikes.
The Vehicle Control Unit (VCU), along with technologies like remote keyless entry and hands-on/off detection, enhances security.
The integrated telematics and asset tracking support real-time monitoring and theft prevention, aiding in better fleet management. Cloud-enabled diagnostic tools provide remote performance tracking, benefiting both riders and fleet operators.
Price Action: MCHP shares traded higher by 1.64% at $54.38 at last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/03/44352234/astrazeneca-seals-deal-for-esobiotec-to-advance-cell-therapy-details" target="_blank" rel="noreferrer noopener">AstraZeneca Seals Deal For EsoBiotec To Advance Cell Therapy: Details</a></li>
</ul>
Photo via Shutterstock.

Microchip Launches E2W Ecosystem To Boost Efficiency And Safety In Electric Scooters

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Shares of companies in the broader technology sector are trading higher. The sector may be rising as the overall market rebounds after falling recently on tariff concerns.

Investors with a lot of money to spend have taken a bearish stance on Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MCHP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Microchip Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 11% bullish and 66%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $658,055, and 3 are calls, for a total amount of $118,910.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $65.0 for Microchip Technology over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Microchip Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Microchip Technology's significant trades, within a strike price range of $50.0 to $65.0, over the past month.
<h3>Microchip Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741893352_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$16.7</td>
<td>$16.6</td>
<td>$16.7</td>
<td>$65.00</td>
<td>$202.0K</td>
<td align="right">465</td>
<td align="right">122</td>
</tr>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.6</td>
<td>$11.4</td>
<td>$11.6</td>
<td>$62.50</td>
<td>$160.0K</td>
<td align="right">645</td>
<td align="right">162</td>
</tr>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.6</td>
<td>$11.4</td>
<td>$11.6</td>
<td>$62.50</td>
<td>$151.9K</td>
<td align="right">645</td>
<td align="right">162</td>
</tr>
<tr>
<td>MCHP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$14.7</td>
<td>$14.5</td>
<td>$14.7</td>
<td>$62.50</td>
<td>$77.9K</td>
<td align="right">693</td>
<td align="right">62</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.4</td>
<td>$50.00</td>
<td>$47.9K</td>
<td align="right">530</td>
<td align="right">52</td>
</tr>
</tbody>
</table>

<h3>About Microchip Technology</h3>
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.
<h3>Current Position of Microchip Technology</h3>
<ul>
<li>Currently trading with a volume of 3,534,568, the MCHP's price is up by 0.79%, now at $52.31. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 53 days.</li>
</ul>
<h3>Professional Analyst Ratings for Microchip Technology</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $68.75.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Microchip Technology, targeting a price of $68. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Microchip Technology with a target price of $71. 
&#x2A; Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Microchip Technology with a target price of $66. 
&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Microchip Technology, targeting a price of $70. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Microchip Technology with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

Spotlight on Microchip Technology: Analyzing the Surge in Options Activity

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Shares of semiconductor stocks are trading lower. The sector has been under pressure amid tariff uncertainty.

Press Releases

Microchip Technology to Present at the Raymond James 46th Annual Investors Conference

Microchip Technology to Present at the Raymond James 46ᵗʰ Annual Investors Conference

Microchip Technology Releases Versatile MPLAB® PICkit™ Basic Debugger

Microchip Technology Unveils 32-bit MCU Family with Integrated High-Performance Analog Peripherals

Microchip Introduces Electric Two-Wheeler Ecosystem to Accelerate E-Mobility Innovation

Entry-Level Microcontrollers Reduce System Cost and Complexity in Safety-Critical Applications

Microchip Technology Announces Launch of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock

Microchip Technology Engages Macquarie Group to Facilitate Sale of Tempe Fab 2 Wafer Fabrication Facility

Microchip Technology Announces Pricing of Offering of Depositary Shares Representing Interests in Series A Mandatory Convertible Preferred Stock

PolarFire® SoC FPGAs Achieve AEC-Q100 Qualification

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Comments

Microchip Technology

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