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Stock Market & Financial Investment News

News Breaks
February 8, 2013
09:52 EDTMCHPMicrochip gaps up, falls from opening price, levels to watch
The stock is up over 6.5% at time of writing, which is off the session high of $37.35 and now resistance. Support is at $35.89, a pivot from August of last year. The company beat expected results by 4 cents per share when it reported last night, and raised guidance for its Q4 EPS to a range of 45 cents to 49 cents versus consensus of 42 cents.
News For MCHP From The Last 14 Days
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May 22, 2015
08:56 EDTMCHPJefferies to hold a field trip
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May 15, 2015
08:13 EDTMCHPJefferies ups view on Semis to Positive from Negative
Jefferies upped its view on the Semiconductors space to Positive from Negative after hosting a dozen companies at its annual conference in Miami. The firm notes that most companies noted an "OK" demand environment, which it views as supporting its thesis that the recent inventory correction and lower capex has created a "great opportunity" to add to Semi positions. After meeting with management, Jefferies has increased conviction that NXP Semiconductors (NXPI) will soon sell its HPRF business and return to its stock buyback program before most expect. It has Buy ratings on AMD (AMD), Microchip (MCHP), NXP and Texas Instruments (TXN).
May 13, 2015
08:11 EDTMCHPGeneral Motors and Toyota implement Microchip's infotainment networking devices
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