Microchip Technology Announces Record Financial Results For Second Quarter Fiscal Year 2017
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Jefferies Raises Price Target on Microchip Technology (MCHP) to $72 Following 2Q Beat
November 8, 2016 9:19 AM ESTJefferies reiterated a Buy rating on Microchip Technology (NASDAQ: MCHP), and raised the price target to $72.00 (from $68.00), following the company's 2Q earnings report. On a combined basis, sales of $874m were 150bps above consensus $861m while EPS of $0.94 were 7c above. MCHP... More
Needham & Company Raises Price Target on Microchip Technology (MCHP) to $75
November 8, 2016 8:07 AM ESTNeedham & Company reiterated a Buy rating on Microchip Technology (NASDAQ: MCHP), and raised the price target to $75.00 (from $70.00), following the company's 2Q earnings report. Revenue was $873.8MM, above consensus estimate of $861.1MM and the high end of the companys guidance of $852.4-869.3MM. EPS came in at $0.94, compared to $0.87... More
Microchip Technology (MCHP) Remains Fairly Valued Despite Solid Qtr - Mizuho
November 8, 2016 6:38 AM ESTMizuho Securities analyst Vijay Rakesh reiterated a Neutral rating and $67 price target on Microchip Technology (NASDAQ: MCHP) after the company reported a better than expected SepQ at $874M/$0.94, above consensus of $861M/$0.87. The company guided to an inline DecQ topline at $848M but stronger... More
Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3605; 2.3% Yield
November 7, 2016 4:34 PM ESTMicrochip Technology (NASDAQ: MCHP) declared a quarterly dividend of $0.3605 per share, or $1.442 annualized. This is a 0.1% increase from the prior dividend of $0.36.
The dividend will be payable on December 5, 2016, to stockholders of record on November 21, 2016, with an ex-dividend date of November 17, 2016.
The... More
Microchip Technology (MCHP) Tops Q2 EPS by 7c; Guides Q3 EPS Above Views
November 7, 2016 4:19 PM ESTMicrochip Technology (NASDAQ: MCHP) reported Q2 EPS of $0.94, $0.07 better than the analyst estimate of $0.87. Revenue for the quarter came in at $871.4 million versus the consensus estimate of $860.96 million.
GUIDANCE:
Microchip Technology sees Q3 2017 EPS of $0.85-$0.95, versus the consensus of $0.83.... More
