Lesser Known Chip Stock Scores Analyst Upgrade

Microchip Technology Inc (NASDAQ:MCHP) doesn't usually get as much attention as sector peers Nvidia (NVDA), Advanced Micro Devices (AMD), and Intel (INTC), but the semiconductor name is in the spotlight today. Piper Sandler earlier upgraded the shares to "overweight" from "neutral," and raised its price objective to $100 from $90, noting multiple tailwinds. At last glance, MCHP is up 1.2% at $82.27 in premarket trading. The equity is bouncing off its lowest level since November, but it remains to be seen wh ...