Microchip Technology (MCHP) PT Raised to $120 at Citi
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Microchip Technology (MCHP) PT Raised to $100 at Cowen
June 3, 2020 9:21 AM EDTCowen 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
Microchip Technology (MCHP) PT Raised to $120 at Susquehanna After Company Increases Midpoints
June 3, 2020 9:12 AM EDTSusquehanna 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
Microchip Technology (MCHP) Seeing Fast COVID Recovery - Rosenblatt
June 3, 2020 8:29 AM EDTRosenblatt analyst Hans Mosesmann reiterated a Buy rating and $110.00 price target on Microchip Technology (NASDAQ: MCHP), citing revenues being down only minuscule amounts, as well as strong preemptive measures taken, allowing fewer pushouts and cancellations than expected.
The analyst stated "We continue to... More
Microchip Technology (MCHP) PT Raised to $115 at Raymond James
June 3, 2020 7:35 AM EDTRaymond 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
Microchip Technology (MCHP) PT Raised to $130 at Needham & Company
June 3, 2020 7:32 AM EDTNeedham & 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
