Microchip Technology Announces Record Net Sales and Earnings for Second Quarter of Fiscal Year 2018

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Microchip Technology (MCHP) PT Raised to $110 at Jefferies; Buy on Weakness

November 7, 2017 7:29 AM EST

Jefferies raised its price target on Microchip Technology (NASDAQ: MCHP) to $110.00 (from $106.00) while maintaining a Buy rating following its 'beat and raise' qtr.

Analyst Mark Lipacis said while they sense investor concern over "peak-cycle", they think something bigger is going on. They would... More