Microchip Technology Declares Quarterly Cash Dividend Increase to 27.6 Cents Per Share

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Go back to Microchip Technology Declares Quarterly Cash Dividend Increase to 27.6 Cents Per Share

Microchip Technology (MCHP) PT Lowered to $90 at Needham & Company

May 10, 2022 7:58 AM EDT

Needham & Company analyst Rajvindra Gill lowered the price target on Microchip Technology (NASDAQ: MCHP) to $90.00 (from $105.00) while maintaining a Buy rating following earnings.

The analyst commented, "Heading into MCHP's 4QF22 report, the SOX hit new lows for the year as sentiment on... More