Stocks in Action USA: Microchip Technology, American Eagle Outfitters, Marvell Technology

Microchip Technology (MCHP) – US semiconductor specialist impresses with raised Q3 forecast and strong demand! The stock of Microchip Technology is rising after the chip developer has significantly raised its expectations for the third quarter. The company now anticipates an adjusted earnings per share of $0.40 – at the upper end of the previous range – and expects the quarterly revenue also at the upper end of the previously mentioned $1.11 to $1.15 billion. According to CEO Steve Sanghi , the business is developing "better than initially...