Needham & Company Raises Price Target on Microchip Technology (MCHP) to $75

Jefferies Raises Price Target on Microchip Technology (MCHP) to $72 Following 2Q Beat

Jefferies 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

BofA/Merrill Lynch Upgrades Microchip Technology (MCHP) to Buy

BofA/Merrill Lynch upgraded Microchip Technology (NASDAQ: MCHP) from Neutral to Buy with a price target of $75.00.

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 $62.23 yesterday.

Microchip Technology (MCHP) Remains Fairly Valued Despite Solid Qtr - Mizuho

Mizuho 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

After-Hours Stock Movers 11/07: (ACAD) (PCLN) (NWSA) Higher; (HTZ) (KND) (DEPO) Lower (more...)

Today's After-Hours Movers

Hertz Global (NYSE: HTZ) 25.2% LOWER; reported Q3 EPS of $1.58, $1.17 worse than the analyst estimate of $2.75. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.6 billion. GUIDANCE: Hertz Global sees FY2016 EPS of $0.51-$0.88, versus the consensus of $2.94.

Kindred Healthcare (NYSE: KND) 16% LOWER; reported Q3 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.77 billion. GUIDANCE: Kindred Healthcare sees FY2016 EPS of... More

Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3605; 2.3% Yield

Microchip 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

Microchip 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

Goldman Sachs Upgrades Microchip Technology (MCHP) to Neutral

Goldman Sachs upgraded Microchip Technology (NASDAQ: MCHP) from Sell to Neutral with a price target of $57.00 (from $49.00).

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 $59.63 yesterday.