Microchip Technology (MCHP) PT Raised to $97 at Truist Securities
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Microchip (MCHP) expects its Q4 revenue to drop 22%; Shares retreat
January 8, 2024 5:18 PM ESTMicrochip Technology (NASDAQ: MCHP) released today its preliminary revenue results for the three months ending December 31, 2023.
Despite providing guidance on November 2, 2023, indicating a sequential decline in revenue of 15% to 20%, the company now expects a greater downturn.
The weakening economic environment that our customers and... More
