Microchip Technology Stock Jumps, Leads SOX Index Higher

Microchip Technology (MCHP) banal jumped Friday aft the chipmaker delivered a beat-and-raise net report. MCHP banal fueled a emergence successful the Philadelphia semiconductor index, known arsenic SOX. The Chandler, Ariz.-based institution precocious Thursday said it earned an adjusted 76 cents a stock connected income of $1.48 cardinal successful its fiscal archetypal 4th ended June 30. Analysts polled by FactSet had…