01:32 PM EDT, 03/25/2024 (MT Newswires) -- Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.4% and the SPDR S&P Semiconductor ETF (XSD) up 0.1% recently.

The Philadelphia Semiconductor index rose 0.3%.

In corporate news, Super Micro Computer ( SMCI ) shares climbed almost 10% as JPMorgan started the stock with an overweight stock rating and a $1,150 price target. Also, Northland adjusted Super Micro's share-price target to $1,300 from $925 while keeping the outperform rating.