Microchip Technology Declares Quarterly Cash Dividend of 36.40 Cents Per Share

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Mizuho Securities Reiterates Buy on Microchip Technology (MCHP) Following 1Q19 Report

August 10, 2018 9:26 AM EDT

Mizuho Securities reiterated a Buy rating and $110.00 price target on Microchip Technology (NASDAQ: MCHP) following the company's 1Q earnings report.

MCHP reported revenues and EPS of $1.2B/$1.61 (cons. $1.2B/$1.48), inline with May MSCC update and an $0.08 unexpected tax benefit, and guided to a SepQ... More