Atmel (ATML) stock declined on Monday after the company reported its 2015 fourth quarter results.

Chipmaker Atmel would be due a termination fee if the merger with Microchip Technology fails to secure antitrust approval.

More consolidation is expected in semiconductors, especially among telecom suppliers not overly dependent on Apple

Stocks recover from brutal session lows by mid-afternoon Wednesday, though remain in the red as a massive selloff in crude oil prices spooks traders.

Stocks extend losses by mid-morning Wednesday as oil prices continue their free fall and a series of disappointing earnings reports undermine investor confidence.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.