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MCHP

Microchip Technology (NASDAQ:MCHP) has received 17 analyst ratings in the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is $99.76, reflecting an 8.12% increase from the previous target of $92.27. Analysts from firms like Jefferies, Citigroup, and Goldman Sachs have raised their price targets, indicating a positive outlook on MCHP's performance. Despite this, the company faces challenges with a -24.91% revenue decline and below-average ROE and ROA, suggesting potential financial hurdles.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 2:00 pm

SRG

Seritage Growth Properties is in negotiations to sell four assets for $79.1 million, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:59 pm

KOSS

Koss Corporation shares were halted due to a circuit breaker after surging 60.7% to the upside, indicating a significant increase in stock price.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:58 pm

BABA

SoftBank Group has sold almost its entire stake in Alibaba Group Holding, marking a significant shift from e-commerce to artificial intelligence investments. This decision comes after Alibaba contributed to a $6.16 billion loss for SoftBank. The Japanese conglomerate is now focusing on investments in Arm Holdings and its Vision Funds, with Alibaba's share in SoftBank's net asset value dropping from 48% in 2020 to almost zero.

Portfolio Pulse from Benzinga Neuro

May 13, 2024 | 1:58 pm

WBA

Walgreens is reportedly reaching out to potential buyers for its Boots division, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:55 pm

GME

GameStop shares experienced a significant surge, leading to a trading halt due to a circuit breaker trigger. The stock is now up by 90.7%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:55 pm

BITF

Bitfarms Ltd (NASDAQ:BITF), a Bitcoin mining company, announced the termination of its CEO, Geoffrey Morphy, who has filed a Statement of Claim against the company for damages amounting to $27 million. Nicolas Bonta has been appointed as interim president and CEO. The company's shares are trading lower, down 6.65% at $1.61. Bitfarms is also set to report its first-quarter financial results on May 15.

Portfolio Pulse from Adam Eckert

May 13, 2024 | 1:53 pm

DIA

GME

SPY

Arm plans to launch AI chips in 2025, boosting anticipation in the tech sector. GameStop shares increase as 'Roaring Kitty', a key figure in the stock's previous rallies, returns to social media. Major indexes, including the Dow Jones and S&P 500, open higher, indicating a positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:51 pm

GME

GameStop shares experienced a significant surge, leading to a trading halt due to a circuit breaker trigger. The stock is currently up by 81.6%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:50 pm

CLS

NVDA

SMCI

SPY

The article pays tribute to Jim Simons, highlighting his exceptional investment record, particularly with the Medallion Fund, and his contributions to math and science. It also mentions the performance of the SPDR S&P 500 Trust ETF (SPY) and companies like Super Micro Computer, Inc. (SMCI), Celestica (NYSE:CLS), and Nvidia (NASDAQ:NVDA) in the context of a top ten names list from a Substack post.

Portfolio Pulse from David Pinsen

May 13, 2024 | 1:46 pm