Form 8-K MICROCHIP TECHNOLOGY For: May 09

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Go back to Form 8-K MICROCHIP TECHNOLOGY For: May 09

Microchip Technology (MCHP) PT Lowered to $100 at Jefferies

May 10, 2022 8:42 AM EDT

Jefferies analyst Mark Lipacis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $109.00) while maintaining a Buy rating.

The analyst commented, "MarQ revs/EPS were 1%/2% above consensus. JunQ rev and outlook are both 5% above. JunQ rev outlook assumes 6% QQ growth and... More

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