Microchip Shares Gain 3% Following Q4 Beat and Raise
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Go back to Microchip Shares Gain 3% Following Q4 Beat and Raise
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
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
May 9, 2022 4:22 PM EDT
Microchip 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
