Flexible, Integrated Digitally Enhanced Power Analog Controller Performs Power Conversion, Measurement and Management

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Needham & Company Remains Bullish on Microchip Technology (MCHP) Following 4Q17 Results

May 10, 2017 7:11 AM EDT

Needham & Company reiterated a Strong Buy rating and $100.00 price target on Microchip Technology (NASDAQ: MCHP) following the company's 4Q earnings report. Microchip reported 4Q revenue of $902.7 million, higher than its the consensus estimate of $891.1 million. Non-GAAP EPS was $1.16 in the quarter, well above $1.06... More