Microchip Technology (MCHP) Misses Q1 EPS by 2c; Issues Light Q2 Outlook
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August 4, 2015 6:46 AM EDT
Susquehanna reiterated a Positive rating on Microchip Technology (NASDAQ: MCHP), and cut the price target to $53.00 (from $56.00), following 1Q16 earnings results. MCHP reported revenue of $534 mln, below consensus estimate of $556.86 mln. EPS was reported at $0.69, missing consensus by $0.02. MCHP guided organic revenue (ex. MCRL) to $516 mln with EPS of $0.62 at the midpoint.
Analyst ChrisCaso commented,... More
August 3, 2015 4:49 PM EDT
Microchip Technology (NASDAQ: MCHP) declared a quarterly dividend of $0.3588 per share, or $1.4352 annualized.
The dividend will be payable on September 25, 2015, to stockholders of record on September 11, 2015, with an ex-dividend date of September 9, 2015.
The annual yield on the dividend is 3.4 percent.
For a... More
