Microchip Technology Updates Financial Guidance for First Quarter Fiscal 2021
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June 3, 2020 9:21 AM EDT
Cowen analyst Matthew Ramsay raised the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $88.00) while maintaining a Market Perform rating following the company's June pre-announcement. Microchip positively revised its F1Q revenue and EPS outlooks, as the company called out easing supply chain... More
June 3, 2020 9:12 AM EDT
Susquehanna analyst Christopher Rolland raised the price target on Microchip Technology (NASDAQ: MCHP) to $120.00 (from $115.00) while maintaining a Positive rating, citing the easing of supply chain disruptions, customers' factories in China are fully back operating, as well as factories in Europe and North America... More
June 3, 2020 7:35 AM EDT
Raymond James analyst Chris Caso raised the price target on Microchip Technology (NASDAQ: MCHP) to $115.00 (from $100.00) while maintaining a Strong Buy rating following the company's positive June quarter preannouncement. Microchip raised the June quarter revenue target, with the midpoint of guidance now assuming... More
June 3, 2020 7:32 AM EDT
Needham & Company analyst Rajvindra Gill raised the price target on Microchip Technology (NASDAQ: MCHP) to $130.00 (from $100.00) while maintaining a Buy rating after adjusting estimates. MCHP raised its June quarter sales and EPS guidance to $1,287MM vs. $1,247MM, and $1.44 vs. $1.35, respectively. The company cited... More
