Bjornholt James Eric sold $310K of MCHP (indirect holdings)

Lattice Semiconductor (LSCC) completed its $1.65B acquisition of AMI, reporting record Q2 revenue of $201.1M (up 62% YoY) and EPS of $0.53. Analyst Gary Mobley recommends 'Buy' with a $160 target, citing growth and market share gains. Microchip (MCHP) reported Q1 revenue of $1.485B (up 38% YoY) and EPS of $0.76. Analyst Harsh Kumar rates it 'Outperform' with a $95 target, highlighting margin expansion and demand growth.

Microchip Technology (MCHP) and 13 other analog semiconductor stocks reported Q2 earnings, with revenues beating estimates by 1.8% and next quarter's guidance 4.9% above. MCHP reported $1.48B revenue, up 38% YoY, and its stock is up 2.4%. Monolithic Power Systems (MPWR) had the strongest performance, while Himax (HIMX) had the slowest growth. The sector's stocks are down 2.2% on average since earnings.

BMO Capital Markets initiated coverage of semiconductor and quantum computing sectors, favoring AI-exposed and analog chipmakers. Nvidia (top pick) received an Outperform rating and $340 target, with expected revenue growth of 84% and 50% in FY27 and 2028. Other picks include Broadcom, Micron, AMD, Marvell, Semtech, Analog Devices, Microchip, and Impinj. BMO predicts a memory market supercycle and AI-driven capex growth.

Microchip Technology released Revision 2.0 of its PolarFire FPGA Ethernet Sensor Bridge, a smaller, production-ready board for sensor integration with NVIDIA Holoscan Sensor Bridge technology. The board is 60% smaller, supports twice the number of cameras, and is priced lower than the first generation. It is designed for AI-driven applications in medical, industrial, and robotics sectors, leveraging NVIDIA edge computing platforms like Jetson and IGX.

Simply Wall St reports Microchip Technology (MCHP) fell about 6.5% after it raised second-quarter guidance and launched PCIe Gen 6 data-center chips, plus radiation-tolerant atomic clocks and an upgraded PolarFire FPGA Ethernet sensor bridge. For the June quarter, MCHP reported sales of $1,484.7M and net income of $229.8M.

Microchip Technology (MCHP) reported Q1 FY2027 net sales of $1.485B, up 13.2% sequentially and 38.0% YoY, with non-GAAP gross margin of 63.8% and non-GAAP diluted EPS of $0.76. Management guided September quarter net sales to $1.589B-$1.618B and non-GAAP gross margin to 66%-67%, citing inventory normalization and demand in data center and defense.