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Jefferies Raises Price Target on Microchip Technology (MCHP) to $72 Following 2Q Beat

November 8, 2016 9:19 AM EST

Jefferies reiterated a Buy rating on Microchip Technology (NASDAQ: MCHP), and raised the price target to $72.00 (from $68.00), following the company's 2Q earnings report. On a combined basis, sales of $874m were 150bps above consensus $861m while EPS of $0.94 were 7c above. MCHP... More

Needham & Company Raises Price Target on Microchip Technology (MCHP) to $75

November 8, 2016 8:07 AM EST

Needham & Company reiterated a Buy rating on Microchip Technology (NASDAQ: MCHP), and raised the price target to $75.00 (from $70.00), following the company's 2Q earnings report. Revenue was $873.8MM, above consensus estimate of $861.1MM and the high end of the companys guidance of $852.4-869.3MM. EPS came in at $0.94, compared to $0.87... More