Microchip Technology (MCHP) Raises Quarterly Dividend 5.8% to $0.437; 1.2% Yield
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Microchip Technology (MCHP) PT Raised to $195 at Rosenblatt
August 4, 2021 6:53 AM EDTRosenblatt 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 EDTNeedham & 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 EDTMicrochip 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
Morgan Stanley Names Microchip (MCHP) a Top Pick Among Semi Suppliers, Well-Positioned to Outgrow Peers Into 2022
August 2, 2021 7:00 AM EDTMorgan Stanley analyst Joseph Moore assumed coverage and reiterated the "Overweight" rating on Microchip Technology (NASDAQ: MCHP) and made the stock its Top Pick among the broad-based semi suppliers.
We are still relatively positive on the industry overall but are growing incrementally cautious and acknowledge that inventory replenishment is likely to be a key growth driver in the back half. Given the current setup, we would be selective with stocks and highlight Microchip as having an attractive risk reward and idiosyncratic growth drivers that should help drive outsized relative growth and multiple... More
