Microchip Technology Announces Record Financial Results for First Quarter of Fiscal Year 2022

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Go back to Microchip Technology Announces Record Financial Results for First Quarter of Fiscal Year 2022

Microchip Technology (MCHP) PT Raised to $195 at Rosenblatt

August 4, 2021 6:53 AM EDT

Rosenblatt analyst Hans Mosesmann raised the price target on Microchip Technology (NASDAQ: MCHP) to $195.00 (from $180.00) while maintaining a Buy rating.

The analyst commented, "Microchip delivered the expected beat and raise earnings last night with supply constraints getting worse for the next year on structural industry economics that make... More

Microchip Technology (MCHP) PT Raised to $210 at Needham & Company

August 4, 2021 6:24 AM EDT

Needham & Company analyst Rajvindra Gill raised the price target on Microchip Technology (NASDAQ: MCHP) to $210.00 (from $200.00) while maintaining a Buy rating.

The analyst commented, "Microchip reported another solid beat and raise quarter with the highlight being Non-GAAP gross margins hitting a record level at 65%... More

Microchip Technology (MCHP) Tops Q1 EPS by 7c

August 3, 2021 5:02 PM EDT

Microchip Technology (NASDAQ: MCHP) reported Q1 EPS of $1.98, $0.07 better than the analyst estimate of $1.91. Revenue for the quarter came in at $1.57 million versus the consensus estimate of $1.55 million.

GUIDANCE:

Microchip Technology sees Q2 2022 EPS of $2.05-$2.17, versus the consensus of $1.99.... More