Microchip Technology (MCHP) Prelim. Q3 EPS Outpaces Views
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January 19, 2016 4:44 PM EST
Microchip Technology Incorporated (NASDAQ: MCHP) and Atmel Corporation (NASDAQ: ATML) announced that Microchip has signed a definitive agreement to acquire Atmel for $8.15 per share in a combination of cash and Microchip common stock. The acquisition price represents a total equity value of about $3.56 billion, and a total enterprise value of about $3.40 billion, after excluding Atmel's cash and investments net of debt on its balance sheet of approximately $155.0 million at December 31, 2015.
"We are delighted to welcome Atmel employees to Microchip and look forward to closing the... More
January 19, 2016 9:00 AM EST
Morgan Stanley upgraded Microchip Technology (NASDAQ: MCHP) from Equalweight to Overweight with a price target of $55.00.
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 $40.52 yesterday.
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January 15, 2016 7:57 AM EST
Needham & Company upgraded Microchip Technology (NASDAQ: MCHP) from Hold to Buy with a price target of $60.00 on earnings power.
Analyst Rajvindra Gill commented, "We are upgrading MCHP to a Buy rating with a $60 PT after Dialog announced it will not revise its... More
