Microchip Shares Gain 3% Following Q4 Beat and Raise
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Microchip Technology (MCHP) PT Lowered to $100 at Jefferies
May 10, 2022 8:42 AM EDTJefferies 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 EDTNeedham & 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
Microchip Technology (MCHP) Tops Q4 EPS by 10c; Guides Higher
May 9, 2022 4:22 PM EDTMicrochip Technology (NASDAQ: MCHP) reported Q4 EPS of $1.35, $0.10 better than the analyst estimate of $1.25. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.82 billion.
GUIDANCE:
Microchip Technology sees Q1 2023 EPS of $1.32-$1.36, versus the consensus of $1.28.... More
