Microchip Shares Gain 3% Following Q4 Beat and Raise

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Go back to Microchip Shares Gain 3% Following Q4 Beat and Raise

Microchip Technology (MCHP) PT Lowered to $100 at Jefferies

May 10, 2022 8:42 AM EDT

Jefferies analyst Mark Lipacis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $109.00) while maintaining a Buy rating.

The analyst commented, "MarQ revs/EPS were 1%/2% above consensus. JunQ rev and outlook are both 5% above. JunQ rev outlook assumes 6% QQ growth and... More

Microchip Technology (MCHP) PT Lowered to $90 at Needham & Company

May 10, 2022 7:58 AM EDT

Needham & Company analyst Rajvindra Gill lowered the price target on Microchip Technology (NASDAQ: MCHP) to $90.00 (from $105.00) while maintaining a Buy rating following earnings.

The analyst commented, "Heading into MCHP's 4QF22 report, the SOX hit new lows for the year as sentiment on... More

Microchip Technology (MCHP) Tops Q4 EPS by 10c; Guides Higher

May 9, 2022 4:22 PM EDT

Microchip Technology (NASDAQ: MCHP) reported Q4 EPS of $1.35, $0.10 better than the analyst estimate of $1.25. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.82 billion.

GUIDANCE:

Microchip Technology sees Q1 2023 EPS of $1.32-$1.36, versus the consensus of $1.28.... More