Microchip Technology (MCHP) Tops Q4 EPS by 10c
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May 10, 2017 9:12 AM EDT
Morgan Stanley raised its price target on Microchip Technology (NASDAQ: MCHP) to $90.00 (from $85.00) while maintaining a Overweight rating amid strong results.
Analyst Craig Hettenbach noted a number of factors driving gains from here: 1) momentum in MCUs, 2) underappreciated cross selling opportunity in analog, 3)... More
May 10, 2017 7:42 AM EDT
Stifel raised its price target on Microchip Technology (NASDAQ: MCHP) to $88.00 (from $83.00) while maintaining a Buy rating, following the company's 2017 fourth quarter earnings report.
Analyst Kevin Cassidy notes the company provided investors with fourth quarter earnings per share and revenue results above consensus... More
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
