Microchip Technology (MCHP) Tops Q2 EPS by 13c, Offers Q3 Guidance

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Microchip Technology (MCHP) PT Raised to $150 at Rosenblatt

November 6, 2020 7:08 AM EST

Rosenblatt analyst Hans Mosesmann raised the price target on Microchip Technology (NASDAQ: MCHP) to $150.00 (from $130.00) while maintaining a Buy rating.

The analyst commented, "Excellent execution given the multitude of cross currents from a demand and supply perspective exiting 2020. Microchip called out... More