{"id":73677,"date":"2023-10-17T14:28:04","date_gmt":"2023-10-17T18:28:04","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/microchip-technology-outperforms-market-indices-anticipates-strong-financial-results\/"},"modified":"2023-10-17T14:28:07","modified_gmt":"2023-10-17T18:28:07","slug":"microchip-technology-outperforms-market-indices-anticipates-strong-financial-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73677","title":{"rendered":"Microchip Technology outperforms market indices, anticipates strong financial results"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Microchip Technology (NASDAQ:)’s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the ‘s daily gain of 1.06%, Dow’s increase of 0.93%, and Nasdaq’s appreciation of 1.2%. This occurred despite a slight monthly stock decline of 0.22%, which contributed to the Computer and Technology sector’s 2.02% loss and the S&P 500’s 3% loss. <\/p>\n

According to InvestingPro data, the company has a market cap of $42.9 billion.<\/p>\n

Looking ahead, the company forecasts an impressive earnings per share (EPS) of $1.62, a rise of 10.96% and revenue of $2.26 billion, up by 8.95%. These figures are in line with Zacks Consensus Estimates, which predict annual earnings of $6.07 per share and revenue of $8.69 billion. These estimates represent changes of +0.83% and +3.03% respectively from the previous year.<\/p>\n

The Semiconductor – Analog and Mixed industry currently holds a Zacks Industry Rank of 160, positioning it in the bottom 37% of all industries. Historically, industries rated in the top half have outperformed those in the bottom half by a factor of two to one.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Microchip Technology (NASDAQ:)’s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the ‘s daily gain of 1.06%, Dow’s increase of 0.93%, and Nasdaq’s appreciation of 1.2%. This occurred despite a slight monthly stock decline of 0.22%, which contributed to the Computer and Technology sector’s 2.02% loss and the S&P 500’s […]<\/p>\n","protected":false},"author":1,"featured_media":3776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-73677","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nMicrochip Technology outperforms market indices, anticipates strong financial results | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Microchip Technology (NASDAQ:)'s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the 's daily gain of 1.06%, Dow's\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=73677\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microchip Technology outperforms market indices, anticipates strong financial results | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Microchip Technology (NASDAQ:)'s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the 's daily gain of 1.06%, Dow's\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=73677\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T18:28:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-17T18:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEC0D0AP_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73677#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73677\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Microchip Technology outperforms market indices, anticipates strong financial results\",\"datePublished\":\"2023-10-17T18:28:04+00:00\",\"dateModified\":\"2023-10-17T18:28:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73677\"},\"wordCount\":197,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=73677#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73677\",\"url\":\"https:\/\/ifintechworld.com\/?p=73677\",\"name\":\"Microchip Technology outperforms market indices, anticipates strong financial results | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-17T18:28:04+00:00\",\"dateModified\":\"2023-10-17T18:28:07+00:00\",\"description\":\"\u00a9 Reuters. Microchip Technology (NASDAQ:)'s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the 's daily gain of 1.06%, Dow's\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=73677#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=73677\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=73677#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Microchip Technology outperforms market indices, anticipates strong financial results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Microchip Technology outperforms market indices, anticipates strong financial results | iFintechWorld","description":"\u00a9 Reuters. Microchip Technology (NASDAQ:)'s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the 's daily gain of 1.06%, Dow's","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=73677","og_locale":"en_US","og_type":"article","og_title":"Microchip Technology outperforms market indices, anticipates strong financial results | iFintechWorld","og_description":"\u00a9 Reuters. Microchip Technology (NASDAQ:)'s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the 's daily gain of 1.06%, Dow's","og_url":"https:\/\/ifintechworld.com\/?p=73677","og_site_name":"iFintechWorld","article_published_time":"2023-10-17T18:28:04+00:00","article_modified_time":"2023-10-17T18:28:07+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEC0D0AP_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=73677#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=73677"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Microchip Technology outperforms market indices, anticipates strong financial results","datePublished":"2023-10-17T18:28:04+00:00","dateModified":"2023-10-17T18:28:07+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=73677"},"wordCount":197,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=73677#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=73677","url":"https:\/\/ifintechworld.com\/?p=73677","name":"Microchip Technology outperforms market indices, anticipates strong financial results | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-17T18:28:04+00:00","dateModified":"2023-10-17T18:28:07+00:00","description":"\u00a9 Reuters. Microchip Technology (NASDAQ:)'s stock closed Monday at $78.95, marking an increase of 1.92%, outperforming the 's daily gain of 1.06%, Dow's","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=73677#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=73677"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=73677#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Microchip Technology outperforms market indices, anticipates strong financial results"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73677"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73677\/revisions"}],"predecessor-version":[{"id":73678,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/73677\/revisions\/73678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3776"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}