Jefferies Raises Price Target on Microchip Technology (MCHP) to $72 Following 2Q Beat
- Japan's Nikkei posts biggest point gain for fiscal year
- Citi downgrades tech stocks as its flagship indicator signals 'euphoria' levels
- UBS sees 5 warnings signals on semiconductor chip stocks
- 2 reasons why Tesla stock fell on Thursday
- US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
- AMC Entertainment (AMC) enters into an equity distribution agreement
- Kerrisdale Capital is short Microstrategy (MSTR), long bitcoin
- AMC Entertainment (AMC) Enters $250M ATM Agreement
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
- Home Depot (HD) to Acquire SRS Distribution for $18.25B EV
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
BofA/Merrill Lynch Upgrades Microchip Technology (MCHP) to Buy
November 8, 2016 7:08 AM ESTBofA/Merrill Lynch upgraded Microchip Technology (NASDAQ: MCHP) from Neutral to Buy with a price target of $75.00.
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 $62.23 yesterday.
... MoreMicrochip Technology (MCHP) Remains Fairly Valued Despite Solid Qtr - Mizuho
November 8, 2016 6:38 AM ESTMizuho Securities analyst Vijay Rakesh reiterated a Neutral rating and $67 price target on Microchip Technology (NASDAQ: MCHP) after the company reported a better than expected SepQ at $874M/$0.94, above consensus of $861M/$0.87. The company guided to an inline DecQ topline at $848M but stronger... More
After-Hours Stock Movers 11/07: (ACAD) (PCLN) (NWSA) Higher; (HTZ) (KND) (DEPO) Lower (more...)
November 7, 2016 5:50 PM ESTToday's After-Hours Movers
Hertz Global (NYSE: HTZ) 25.2% LOWER; reported Q3 EPS of $1.58, $1.17 worse than the analyst estimate of $2.75. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.6 billion. GUIDANCE: Hertz Global sees FY2016 EPS of $0.51-$0.88, versus the consensus of $2.94.
Kindred Healthcare (NYSE: KND) 16% LOWER; reported Q3 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.77 billion. GUIDANCE: Kindred Healthcare sees FY2016 EPS of... More
Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3605; 2.3% Yield
November 7, 2016 4:34 PM ESTMicrochip Technology (NASDAQ: MCHP) declared a quarterly dividend of $0.3605 per share, or $1.442 annualized. This is a 0.1% increase from the prior dividend of $0.36.
The dividend will be payable on December 5, 2016, to stockholders of record on November 21, 2016, with an ex-dividend date of November 17, 2016.
The... 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
Goldman Sachs Upgrades Microchip Technology (MCHP) to Neutral
November 4, 2016 7:23 AM EDTGoldman Sachs upgraded Microchip Technology (NASDAQ: MCHP) from Sell to Neutral with a price target of $57.00 (from $49.00).
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 $59.63 yesterday.
... More