Williams Financial Group Cuts Numbers on Microchip Technology (MCHP)

Commenting on Microchip Technology (NASDAQ: MCHP) disappointing preliminary earnings yesterday, analysts at Williams Financial Group said "with continuing macro uncertainty and a lack of a near-term catalyst, we maintain our Hold rating."

Analysts reduced numbers from $0.51 to $0.46. Williams FY12 sales forecast on MCHP moved to $1.628 billion from $1.671 billion and EPS to $1.91 from $2.05.

FY13 sales forecast moved to $1.884 billion from $1.911 billion and EPS to $2.20 from $2.28.

For an analyst ratings summary and ratings history on Microchip Technology click here. For more ratings news on Microchip Technology click here.

Shares of Microchip Technology closed at $32.20 yesterday.

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