Microchip Technology Announces Record Financial Results For Fourth Quarter And Fiscal Year 2016
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/9/2026
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
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
