Microchip Technology Stock (NASDAQ: MCHP)

Microchip Technology (NASDAQ:MCHP) Stock

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.

Bangkok,,Thailand,-,January,14,,2024,:,Garmin,Epix,Pro

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Microchip Technology Incorporated - Common Stock

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Shares of companies in the broader technology sector are trading lower amid overall market weakness on US consumer and economic concerns.

Shares of semiconductor companies are trading lower amid overall market weakness on US consumer and economic concerns.

U.S. stocks were lower, with the Dow Jones falling over 200 points on Wednesday.
Shares of Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and FY25 outlook. It also recommended <a href="https://in.benzinga.com/25/02/43812509/garmin-q4-earnings-wearables-and-adventure-watches-drive-growth-raises-dividend-20-projects-68-billion-revenue-for-2025">20% dividend hike</a>.
Garmin reported fiscal fourth-quarter 2024 revenue growth of 23% year-on-year to $1.82 billion, beating the analyst consensus estimate of $1.70 billion. The GPS navigation and wearable technology company's proforma EPS of $2.41 beat the analyst consensus estimate of $2.03.
Garmin shares jumped 14.3% to $245.41 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Alpha Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares jumped 61.3% to $49.21.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) gained 26.4% to $21.40 after the company reported better-than-expected fourth-quarter sales results and issued first-quarter revenue guidance with its midpoint above estimates.</li>
<li>Compass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) surged 23.8% to $9.89 after the company reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance above estimates.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) gained 22.6% to $71.75 after the company announced plans to introduce at-home lab testing through its platform. Also, Canaccord Genuity maintained a Buy rating on the stock and raised its price target from $38 to $68.</li>
<li>The Andersons, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANDE#NASDAQ">ANDE</a>) rose 21.1% to $49.38 after the company reported fourth-quarter earnings and revenue above estimates.</li>
<li>Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) gained 20.8% to $38.69 after the company reported better-than-expected quarterly EPS and revenue.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) gained 15.5% to $64.47 on possible continued momentum from last week. Investors await an update from the company regarding its delayed filing.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) gained 14.4% to $33.46 after Scotiabank initiated coverage on the stock with a Sector Outperform rating and announced a $102 price target.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) rose 14.4% to $3.8350 after the company announced it received FDA authorization for an expanded access program offering alternative source of BCG for bladder cancer patients.</li>
<li>Penumbra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEN#NYSE">PEN</a>) rose 13.2% to $306.92 after the company reported fourth-quarter earnings and revenue above estimates.</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) gained 8.8% to $37.97 following upbeat quarterly earnings.</li>
<li>RB Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) rose 8.8% to $105.06 following better-than-expected fourth-quarter financial results.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) gained 7.7% to $62.36 after the company announced the introduction of its Mplab AI coding assistant, which leverages the power of AI to assist software developers and engineers in writing and debugging code.</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) gained 7.3% to $236.22 after the company reported better-than-expected quarterly EPS and revenues.</li>
<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) rose 5.8% to $51.70 following upbeat earnings.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43811979/top-3-financial-stocks-that-may-collapse-in-q1">Top 3 Financial Stocks That May Collapse In Q1</a></li>
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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$60.00</td>
<td>$29.4K</td>
<td>48.1K</td>
<td>90.7K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$130.00</td>
<td>$26.6K</td>
<td>70.8K</td>
<td>32.3K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$10.50</td>
<td>$27.0K</td>
<td>1.7K</td>
<td>5.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$236.8K</td>
<td>23.0K</td>
<td>2.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$120.00</td>
<td>$49.1K</td>
<td>6.2K</td>
<td>1.7K</td>
</tr>
<tr>
<td>QBTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.00</td>
<td>$80.1K</td>
<td>4.5K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/28/25</td>
<td>$126.00</td>
<td>$41.5K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$58.5K</td>
<td>6.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/07/25</td>
<td>$225.00</td>
<td>$123.5K</td>
<td>877</td>
<td>708</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$60.00</td>
<td>$65.0K</td>
<td>560</td>
<td>522</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 21, 2025. This event was a transfer of 62 contract(s) at a $60.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $475.0 per contract. There were 48158 open contracts at this strike prior to today, and today 90783 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 1900 contract(s) at a $130.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $14.0 per contract. There were 70835 open contracts at this strike prior to today, and today 32305 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option trade with neutral sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 300 contract(s) at a $10.50 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $90.0 per contract. There were 1716 open contracts at this strike prior to today, and today 5965 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option trade that happens to be neutral, expiring in 331 day(s) on January 16, 2026. This event was a transfer of 2115 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $236.8K, with a price of $112.0 per contract. There were 23060 open contracts at this strike prior to today, and today 2856 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 21, 2025. This event was a transfer of 289 contract(s) at a $120.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $49.1K, with a price of $170.0 per contract. There were 6270 open contracts at this strike prior to today, and today 1767 contract(s) were bought and sold. 
• Regarding QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on March 21, 2025. Parties traded 1000 contract(s) at a $8.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $80.1K, with a price of $80.0 per contract. There were 4574 open contracts at this strike prior to today, and today 1441 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be neutral, expiring in 9 day(s) on February 28, 2025. This event was a transfer of 100 contract(s) at a $126.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $415.0 per contract. There were 1071 open contracts at this strike prior to today, and today 1259 contract(s) were bought and sold. 
• Regarding FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we observe a call option trade with bullish sentiment. It expires in 695 day(s) on January 15, 2027. Parties traded 16 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $3660.0 per contract. There were 6191 open contracts at this strike prior to today, and today 1207 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on March 7, 2025. Parties traded 100 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $123.5K, with a price of $1235.0 per contract. There were 877 open contracts at this strike prior to today, and today 708 contract(s) were bought and sold. 
• Regarding MCHP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on February 28, 2025. Parties traded 250 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $260.0 per contract. There were 560 open contracts at this strike prior to today, and today 522 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

DELL

FTNT

PLTR

QBTS

10 Information Technology Stocks Whale Activity In Today's Session

Microchip Technology shares are trading higher after the company announced the introduction of its Mplab AI coding assistant, which leverages the power of AI to assist software developers and engineers in writing and debugging code.

Microchip Technology Is Leveraging The Power Of Artificial Intelligence (AI) To Assist Software Developers And Embedded Engineers In Writing And Debugging Code With The Launch Of Its Mplab AI Coding Assistant

B. Riley Securities analyst Craig Ellis reiterates Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and lowers the price target from $85 to $75.

Price Target

Reiteration

Analyst Ratings

B. Riley Securities Reiterates Buy on Microchip Technology, Lowers Price Target to $75

Raymond James analyst Melissa Fairbanks reiterates Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Strong Buy and lowers the price target from $95 to $60.

Raymond James Reiterates Strong Buy on Microchip Technology, Lowers Price Target to $60

Keybanc analyst John Vinh maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Overweight and lowers the price target from $70 to $60.

Keybanc Maintains Overweight on Microchip Technology, Lowers Price Target to $60

Piper Sandler analyst Harsh Kumar reiterates Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Overweight and lowers the price target from $85 to $65.

Piper Sandler Reiterates Overweight on Microchip Technology, Lowers Price Target to $65

U.S. stock futures were mixed this morning, with the Dow Jones futures gaining around 0.1% on Friday.
Shares of Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter guidance <a href="https://www.benzinga.com/quote/SKX/earnings">below estimates</a>.
Skechers reported quarterly earnings of 65 cents per share which missed the analyst consensus estimate of 74 cents per share. The company reported quarterly sales of $2.21 billion which missed the analyst consensus estimate of $2.22 billion.
Skechers U.S.A. shares dipped 12.1% to $66.49 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) shares fell 28.4% to $68.89 in pre-market trading after the company issued third-quarter total revenue guidance below estimates.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) shares tumbled 25.2% to $66.17 in pre-market trading after the company issued FY25 guidance below estimates.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) fell 22% to $0.0660 in pre-market trading.</li>
<li>LiveRamp Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAMP#NYSE">RAMP</a>) declined 15.4% to $30.01 in pre-market trading as the company posted third-quarter results.</li>
<li>Concentra Group Holdings Parent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) shares dipped 11.7% to $20.51 in pre-market trading. Concentra&#xAE; Group Holdings Parent will release the financial results for its fourth quarter on Monday, March 3, after the closing bell.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 8.1% to $13.52 in pre-market trading. CVRx recently reported mixed fourth-quarter financial results.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) fell 6.6% to $49.60 in pre-market trading as the company reported weaker-than-expected third-quarter financial results and issued weak earnings guidance for the fourth quarter.</li>
<li>Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) declined 4.6% to $117.20 in pre-market trading following fourth-quarter results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43526669/jim-cramer-says-dont-buy-this-financial-stock-at-this-level-let-it-come-in">Jim Cramer Says Don&#8217;t Buy This Financial Stock At This Level: &#8216;Let It Come In&#8217;</a></li>
</ul>

Skechers Posts Downbeat Results, Joins e.l.f. Beauty, LiveRamp And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Needham analyst Quinn Bolton maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and lowers the price target from $85 to $60.

Needham Maintains Buy on Microchip Technology, Lowers Price Target to $60

Rosenblatt analyst Hans Mosesmann maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and lowers the price target from $90 to $70.

Rosenblatt Maintains Buy on Microchip Technology, Lowers Price Target to $70

Microchip Technology shares are trading lower after the company reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS guidance below estimates.

<h3>Gainers</h3>
<ul>
<li>Youxin Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YAAS#NASDAQ">YAAS</a>) shares rose 14.1% to $4.2 during Friday's pre-market session. The market value of their outstanding shares is at $140.9 million. </li>
<li>Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) stock rose 11.47% to $12.34. The company's market cap stands at $908.9 million. </li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock moved upwards by 10.37% to $156.2. The market value of their outstanding shares is at $53.6 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) stock rose 8.62% to $113.75. The company's market cap stands at $87.1 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Gorilla Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) shares rose 8.19% to $19.55. The market value of their outstanding shares is at $360.9 million. </li>
<li>Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) stock increased by 7.36% to $0.75. The company's market cap stands at $7.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>BILL Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) shares decreased by 29.0% to $68.39 during Friday's pre-market session. The market value of their outstanding shares is at $7.0 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) stock declined by 24.35% to $0.06. The company's market cap stands at $1.3 million. </li>
<li>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) stock fell 20.62% to $0.18. The market value of their outstanding shares is at $1.4 million. </li>
<li>Lantronix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRX#NASDAQ">LTRX</a>) shares fell 12.86% to $3.66. The market value of their outstanding shares is at $140.8 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) shares decreased by 10.66% to $33.0. The company's market cap stands at $466.1 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares fell 6.46% to $49.68. The company's market cap stands at $26.6 billion. As per the news, the Q3 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BOXL

CLFD

DGLY

GRRR

LTRX

YAAS

12 Information Technology Stocks Moving In Friday's Pre-Market Session

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) to report quarterly earnings at 14 cents per share on revenue of $1.96 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Newell Brands shares gained 1.2% to $9.81 in after-hours trading.</li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) reported better-than-expected earnings and sales results for its fourth quarter after the market close Thursday. However, the company said it sees first-quarter net sales to come in a range of $151 billion to $155.5 billion, up 5% to 9% year-over-year, down from market estimates of $158.5 billion. Amazon shares fell 4.1% to $229.15 in the after-hours trading session.</li>
<li>Analysts are expecting Flowers Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>) to post quarterly earnings at 21 cents per share on revenue of $1.13 billion. The company will release earnings before the markets open. Flowers Foods shares gained 0.5% to $19.44 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) reported weaker-than-expected third-quarter financial results and issued weak earnings guidance for the fourth quarter. Microchip shares dipped 6.9% to $49.47 in the after-hours trading session.</li>
<li>Analysts expect Plains All American Pipeline L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) to post quarterly earnings at 40 cents per share on revenue of $13.74 billion before the opening bell. Plains All American Pipeline shares gained 0.7% to $20.15 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43526669/jim-cramer-says-dont-buy-this-financial-stock-at-this-level-let-it-come-in">Jim Cramer Says Don&#8217;t Buy This Financial Stock At This Level: &#8216;Let It Come In&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) reported its third-quarter financial results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/25/02/g43545040/microchip-technology-announces-financial-results-for-third-quarter-of-fiscal-year-2025">details from the report. </a>
The Details: Microchip reported quarterly earnings of 20 cents per share, which missed the analyst consensus estimate of 28 cents. Quarterly revenue came in at $1.02 billion which missed the analyst consensus estimate of $1.06 billion and is a decrease from sales of $1.76 billion from the same period last year.
Read Next: <a href="https://www.benzinga.com/general/social-media/25/02/43535256/palantir-adds-elon-musks-ai-chatbot-grok-to-aip">Palantir Adds Elon Musk&#8217;s AI Chatbot Grok To AIP</a>
&#8220;Our December quarter performance reflects the need for the decisive steps we are taking to realign our business, as revenue declined to $1.026 billion and inventory levels reached 266 days,&#8221; said Steve Sanghi, Microchip&#8217;s CEO and president.
&#8220;Since returning as CEO in November, we have already initiated several key actions, including restructuring our manufacturing footprint, adjusting our channel strategy and intensifying our customer engagement. Our initial assessment indicates clear areas for operational enhancement, and we are taking a methodical yet urgent approach to evaluating all aspects of our business and implementing necessary changes to strengthen our competitive position,&#8221; Sanghi added. 
Outlook: Microchip sees fourth-quarter earnings in a range of five cents to 15 cents per share, versus the 28 cent estimate, and revenue in a range of $920 million to $1 billion, versus the $1.06 billion estimate.
MCHP Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Microchip Technology shares are down 6.80% after hours at $49.50 on Thursday.  
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43512137/ford-shares-skid-after-q4-report-details">Ford Shares Skid After Q4 Report: Details</a></li>
</ul>
Image: Shutterstock

Tech

Microchip Technology Shares Fall After Worse-Than-Expected Q3 Report

Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) reported its Q3 earnings results on Thursday, February 6, 2025 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Microchip Technology missed estimated earnings by -28.999999999999996%, reporting an EPS of $0.2 versus an estimate of $0.28.
Revenue was down $740.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
During the previous quarter, the company beat on EPS by $0.03, leading to a 2.0% drop share price change the next day.
Here's a look at Microchip Technology's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.43</td>
<td>0.52</td>
<td>0.57</td>
<td>1.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.53</td>
<td>0.57</td>
<td>1.08</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.15B</td>
<td>1.24B</td>
<td>1.33B</td>
<td>1.77B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.16B</td>
<td>1.24B</td>
<td>1.33B</td>
<td>1.77B</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Microchip Technology management provided guidance for Q4 2025, expecting earnings between $0.05 and $0.15 per share.
To track all earnings releases for Microchip Technology <a href="https://www.benzinga.com/quote/MCHP/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: Microchip Technology Q3

Guidance

Microchip Technology Sees Q4 Adj. EPS $0.05 -$0.15 Vs $0.28 Est.; Revenue $920M-$1.00B Vs $1.068B Est.

Press Releases

General

Microchip Expands PolarFire® FPGA and SoC Solution Stacks with New Offerings for Medical Imaging and Smart Robotics

Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications

Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers

New Family of Switchtec™ PCIe® Gen 4.0 16-Lane Switches Provides Versatility for Automotive and Embedded Computing Applications

Microchip Launches the Next Generation of its Low-Noise Chip-Scale Atomic Clock Featuring a Lower Profile Height of Less Than ½ Inch

Management

Microchip Technology Appoints Victor Peng to Its Board of Directors

Dividends

Microchip Technology Announces Quarterly Cash Dividend of 45.5 Cents per Share

Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2025

Artificial Intelligence Meets Embedded Development with Microchip's MPLAB® AI Coding Assistant

Microchip Extends maXTouch® M1 Generation Family to Support Large, Curved and Shaped Automotive Displays

Analog Devices

Astera Labs

Advanced Micro Devices, Inc. - Common Stock

Advanced Micro Devices

Arm Holdings plc - American Depositary Shares

ARM Holdings

ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares)

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