Microchip Technology (MCHP) Tops Q1 EPS by 7c
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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
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
August 3, 2021 5:11 PM EDT
Microchip Technology (NASDAQ: MCHP) declared a quarterly dividend of $0.437 per share, or $1.748 annualized. This is a 5.8% increase from the prior dividend of $0.413.
The dividend will be payable on September 3, 2021, to stockholders of record on August 20, 2021, with an ex-dividend date of August 19,... More
