Microchip Technology Announces Record Financial Results For Fourth Quarter And Fiscal Year 2016
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Jefferies Raises Price Target on Microchip Technology (MCHP) Following 4Q Beat
May 5, 2016 9:42 AM EDTJefferies reiterated a Buy rating on Microchip Technology (NASDAQ: MCHP), and raised the price target to $56.00 (from $53.00), following the company's 4Q earnings report. MCHP reported sales of $568m, 100bps above consensus' $563m. EPS of $0.70 was 2c above consensus. MCHP expects JunQ sales of... More
Microchip Technology (MCHP) Tops Q4 EPS by 2c; Guides Q1 In-Line
May 4, 2016 4:21 PM EDTMicrochip Technology (NASDAQ: MCHP) reported Q4 EPS of $0.70, $0.02 better than the analyst estimate of $0.68. Revenue for the quarter came in at $568.4 million versus the consensus estimate of $564.86 million.
"Our March quarter financial results were very strong amidst a weak semiconductor industry backdrop,"... More
