Microchip Technology stock price: Stifel’s $90 target and auto-flash tie-up put MCHP in focus
Microchip Technology shares closed up 0.3% at $74.70 Friday, with 7 million shares traded. Stifel lifted its price target to $90, while TD Cowen raised its target to $75. Microchip and United Microelectronics launched an automotive-grade chip platform. U.S. markets will be closed Monday for Martin Luther King Jr. Day.