Microchip Technology's stock declines amid tech sector pullback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2026
0mins
Source: NASDAQ.COM
Microchip Technology Inc's stock fell by 5.04%, hitting a 5-day low, as the broader tech sector faced challenges.
The decline comes amid a market retreat, with the S&P 500 and Nasdaq 100 both reaching 1.5-week lows, reflecting waning investor confidence in tech stocks. This pullback is attributed to rising bond yields, which surged to a 16-month high, leading to increased stock liquidation and a risk-off sentiment among investors.
Despite the current downturn, the overall demand for technology stocks remains strong, as indicated by recent inflows into equity funds and positive forecasts from major chipmakers, suggesting potential recovery in the near future.
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Analyst Views on MCHP
Wall Street analysts forecast MCHP stock price to fall
18 Analyst Rating
13 Buy
5 Hold
0 Sell
Moderate Buy
Current: 96.040
Low
60.00
Averages
77.47
High
95.00
Current: 96.040
Low
60.00
Averages
77.47
High
95.00
About MCHP
Microchip Technology Incorporated is a provider of smart, connected, and secure embedded control solutions. The Company’s semiconductor products segment designs, develops, manufactures and markets mixed-signal microcontrollers, development tools and analog, interface, mixed-signal, timing, wired and wireless connectivity devices, and memory products. The Company's technology licensing segment includes sales and licensing of the Company's intellectual property. Its products include PIC64 Microprocessors, FPGAs, myMicrochip, MPLAB X IDE, Analog, and Microcontrollers. Its development tools include Atmel START and MPLAB Discover. Its manufacturing operations include wafer fabrication, wafer probe, assembly, and test. The Company’s solutions serve customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. The Company markets and sells its products worldwide primarily through a network of direct sales personnel and distributors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Focus: Investors are likely to closely monitor the subsequent performance of both stocks to assess their investment value, especially in the context of current market volatility, where even minor price changes can trigger significant adjustments in investment strategies.
- Industry Impact: The performance disparity between these two companies within the same industry may influence overall investment trends in the sector, prompting investors to consider the industry's overall health and future growth potential.
See More
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- Crude Oil Price Decline: Crude oil prices dropped over 4% to a five-week low amid optimism surrounding a US-Iran peace deal, which has lowered inflation expectations and pushed bond yields lower, with the 10-year T-note yield falling to a 1.5-week low of 4.45%.
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