Microchip Technology (MCHP) Declares $0.3585 Quarterly Dividend; 2.9% Yield
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Slightly Better Than Expected Opex on Microchip Technology (MCHP) Drives In-Line EPS; Susquehanna Raises Price Target to $56
November 5, 2015 6:53 AM ESTSusquehanna reiterated a Positive rating on Microchip Technology (NASDAQ: MCHP), and raised the price target to $56.00 (from $53.00), following the company's 2Q16 earnings report. MCHP reported revenue of $559.4 mln, slightly ahead of $553 mln consensus, and ahead of the midpoint of the company's revised guidance of $554 mln provided on September 8. Opex was also slightly better than expected. As a result, EPS of $0.66 was in-line with consensus estimates.
Analyst Chris... More
Microchip Technology (MCHP) Reports In-Line Q2 EPS
November 4, 2015 4:19 PM ESTMicrochip Technology (NASDAQ: MCHP) reported Q2 EPS of $0.63, in-line with the analyst estimate of $0.63. Revenue for the quarter came in at $559.4 million versus the consensus estimate of $552.78 million.
For earnings history and earnings-related data on Microchip Technology (MCHP) click here.
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