Investors target stocks that have been on a bullish run. Stocks like MUSA, DVA, MCHP and CVE are seeing price strength, and the momentum is likely to continue.

Microchip Technology (MCHP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Microchip Technology Incorporated (MCHP) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

The consensus price target hints at a 26% upside potential for Microchip Tech (MCHP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

CHANDLER, Ariz., May 19, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the JP Morgan 2026 Global Technology, Media and Communications Conference on Wednesday, May 20, 2026 at 10:40 a.m. (Eastern Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by JP Morgan, and can be accessed on the Microchip website at www.microchip.com.

On May 15, 2026, Microchip Technology Inc (MCHP) shares fell 3.3% to $93.85. The stock has experienced a 52-week range between $48.52 and $105.91, showing signi

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Microchip Technology NASDAQ: MCHP reported March-quarter results that exceeded its prior guidance and pointed to continued momentum heading into the June quarter, as management said demand is improving across end markets and distributor inventory appears to have normalized. Get Microchip Technology alerts:Sign UpQuarterly and full-year results Chief Financial Officer Eric Bjornholt said net sales in the March quarter were $1.311 billion, up 10.6% sequentially and up 35.1% from the year-ago period.

Microchip beats fiscal Q4 estimates as bookings surge, inventory drops and AI/data center demand grows; guides double-digit June-quarter sales.

Microchip Technology Inc. (NASDAQ:MCHP) reported better-than-expected fourth-quarter financial results and issued strong first-quarter guidance on Thursday.