Microchip Technology (MCHP) PT Raised to $82 at Stifel

Microchip Technology (MCHP) PT Raised to $98 at Jefferies

Jefferies analyst Mark Lipacis raised the price target on Microchip Technology (NASDAQ: MCHP) to $98.00 (from $97.00) while maintaining a Buy rating.

The analyst commented, "EPS beat by 1% for the SepQ and by 8% for the DecQ outlook. MCHP expects to increase capacity... More

Microchip Technology (MCHP) PT Raised to $100 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $98.00) while maintaining a Positive rating.

The analyst commented, "MCHP posted in-line results but better guidance and now have visibility into four more quarters of supply and sequential growth."

Microchip Technology (MCHP) PT Raised to $85 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh raised the price target on Microchip Technology (NASDAQ: MCHP) to $85.00 (from $81.50) while maintaining a Neutral rating.... More

Microchip Technology (MCHP) PT Raised to $94 at Truist Securities

Truist Securities analyst William Stein raised the price target on Microchip Technology (NASDAQ: MCHP) to $94.00 (from $88.00) while maintaining a Buy rating.... More

Microchip Technology (MCHP) PT Raised to $120 at Credit Suisse

Credit Suisse analyst John Pitzer raised the price target on Microchip Technology (NASDAQ: MCHP) to $120.00 (from $100.00) while maintaining a Outperform rating.... More

Microchip Technology (MCHP) PT Raised to $100 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $85.00) while maintaining a Overweight rating.... More

Microchip Technology (MCHP) PT Lowered to $105 at B.Riley

B.Riley analyst Craig Ellis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $105.00 (from $200.00) while maintaining a Buy rating.... More

Microchip Technology (MCHP) PT Raised to $100 at KeyBanc

KeyBanc analyst Weston Twigg raised the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $95.00) while maintaining a Overweight rating.... More

Microchip Technology (MCHP) PT Raised to $100 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $95.00) while maintaining a Overweight rating.... More

Microchip Technology (MCHP) Raises Quarterly Dividend 6.2% to $0.232; 1.1% Yield

Microchip Technology (NASDAQ: MCHP) declared a quarterly dividend of $0.232 per share, or $0.928 annualized. This is a 6.2% increase from the prior dividend of $0.2185.

The dividend will be payable on December 3, 2021, to stockholders of record on November 19, 2021, with an ex-dividend date of November 18,... More

Microchip Technology (MCHP) Tops Q2 EPS by 1c, Offers Guidance

Microchip Technology (NASDAQ: MCHP) reported Q2 EPS of $1.07, $0.01 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.65 billion.

GUIDANCE:

Microchip Technology sees Q3 2022 EPS of $1.14-$1.20, versus the consensus of $1.09.... More