Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3605; 2.3% Yield
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Jefferies Raises Price Target on Microchip Technology (MCHP) to $72 Following 2Q Beat
November 8, 2016 9:19 AM ESTJefferies 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 ESTNeedham & 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
Microchip Technology (MCHP) Tops Q2 EPS by 7c; Guides Q3 EPS Above Views
November 7, 2016 4:19 PM ESTMicrochip Technology (NASDAQ: MCHP) reported Q2 EPS of $0.94, $0.07 better than the analyst estimate of $0.87. Revenue for the quarter came in at $871.4 million versus the consensus estimate of $860.96 million.
GUIDANCE:
Microchip Technology sees Q3 2017 EPS of $0.85-$0.95, versus the consensus of $0.83.... More
