Stock market today: S&P 500 ends week lower ahead of US-China trade talks By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
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Source: Investing.com
Market Performance: The S&P 500 closed slightly lower as traders remained cautious ahead of U.S.-China trade talks, with President Trump hinting at a potential 80% tariff on China, which could impact trade relations significantly.
Corporate Earnings Updates: Several companies reported mixed earnings results, with Lyft's stock surging after announcing a buyback program, while Affirm Holdings and Expedia saw declines due to disappointing forecasts.
Analyst Views on MCHP
Wall Street analysts forecast MCHP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCHP is 77.47 USD with a low forecast of 60.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
13 Buy
5 Hold
0 Sell
Moderate Buy
Current: 75.470
Low
60.00
Averages
77.47
High
95.00
Current: 75.470
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.
