A semiconductor maker increased its quarterly forecast, with strong bookings suggesting a recovery in several key end markets, and its shares led the S&P 500 higher. Meanwhile, two major media players came under pressure as a rival evaluated their competing buyout offers.
Microchip issued a press release indicating its December quarter would come in at the high end of guidance. The company has experienced a massive hangover following the pandemic-era industrial chip boom.
Major U.S. equities indexes were mixed Wednesday afternoon as the tech sector pulled back. The Dow climbed 0.4%, and the S&P 500 edged 0.1% higher, but the tech-heavy Nasdaq slid 0.2%.
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The Touchstone Value Fund underperformed its benchmark, the Russell 1000 Value Index, for the quarter ended September 30, 2025. Within the Fund's Consumer Discretionary sector allocation, Aptiv plc positively contributed to relative performance during the quarter due to solid earnings beat and encouraging momentum in key business areas. The Fund's Financials sector saw American International Gr...
Chipmaker Microchip Technology on Tuesday raised its expectations for third-quarter net sales and earnings per share, driven by strong bookings, sending its shares up 2.3% in extended trading.
CHANDLER, Ariz., Dec. 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today updated the range of its prior guidance for net sales and GAAP and non-GAAP earnings per share for its third quarter of fiscal 2026 ending December 31, 2025. Microchip now expects its net sales and earnings pe...
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