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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (85295)7/9/2020 4:11:58 PM
From: Sam3 Recommendations

Recommended By
oldbeachlvr
Return to Sender
The Ox

  Read Replies (1) | Respond to of 95456
 
Microchip, peers gain on unexpected demand surge
Jul. 9, 2020 2:47 PM ET|About: Microchip Technology Incorp... (MCHP)|By: Brandy Betz, SA News Editor


In a letter to customers and channel partners, Microchip (NASDAQ: MCHP) management apologizes for later than desired delivery dates due to a sudden surge in demand with little to no lead time.

Microchip says the orders appear to have come from customers who caught tailwinds from the pandemic and businesses that recovered in May and June from an early pandemic hit. The latter included customers in the automotive and industrial sectors.

News of the demand surge is helping to push semi peer stocks higher with Texas Instruments ( TXN +1.1%), Maxim Integrated ( MXIM +4.1%), and Analog Devices ( ADI +1.4%) on the move.

Microchip shares are up 3.6% to $107.75.

Related: Last month, Microchip raised its fiscal Q1 sales and profit forecast as the company began to make up for lost production.

seekingalpha.com



To: Return to Sender who wrote (85295)7/11/2020 3:50:53 PM
From: Return to Sender3 Recommendations

Recommended By
oldbeachlvr
Sam
Sr K

  Read Replies (2) | Respond to of 95456
 
14 New 52 Week Highs on the NDX and No New 52 Week Lows:

Mon Tues Wed Thur Fri
AAPL AAPL AAPL AAPL ADBE
ADBE ADBE AMZN ADBE AMZN
ADSK AMZN ASML ADSK ASML
AMGN ATVI DOCU AMZN ATVI
AMZN BMRN EBAY ASML CDNS
ASML CDNS JBHT ATVI EA
ATVI DOCU JD CDNS GOOGL
CDNS EA NFLX COST JBHT
EA EBAY NTES DOCU MELI
EBAY FB NVDA EA NFLX
FAST INCY PYPL EBAY NVDA
IDXX INTU
JD TSLA
ILMN JBHT
MSFT TTWO
INTU MSFT
MXIM ZM
JD NFLX
NFLX
KLAC NTES
NTES
MELI NVDA
NVDA
MSFT REGN
PYPL
NFLX TSLA
REGN
NTES TTWO
SNPS
NVDA VRTX
TTWO
PYPL



SNPS



TSLA



VRSK



ZM