Microchip (MCHP) stock down as guidance falls short; Q4 results in line
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Microchip Technology (MCHP) PT Raised to $104 at Citi
May 7, 2024 5:45 AM EDTCiti analyst Christopher Danely raised the price target on Microchip Technology (NASDAQ: MCHP) to $104.00 (from $100.00) while maintaining a Buy rating.
The analyst comments "Yesterday, Microchip reported in-line results but guided the June quarter lower as the inventory build is worse than expected.... More
Microchip Technology (MCHP) Reports In-Line Q4 EPS; misses on guidance
May 6, 2024 4:18 PM EDTMicrochip Technology (NASDAQ: MCHP) reported Q4 EPS of $0.57, in-line with the analyst estimate of $0.57. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.33 billion.
GUIDANCE:
Microchip Technology sees Q1 2025 EPS of $0.48-$0.56. Microchip Technology sees Q1 2025... More
