Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025

Go back to Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025

Microchip Technology (MCHP) PT Lowered to $95 at Evercore ISI, 'We're Buyers'

November 6, 2024 5:54 AM EST

Evercore ISI analyst Mark Lipacis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $95.00 (from $101.00) while maintaining a Outperform rating.

The analyst comments "Were Buyers Considering MCHP Shipping 46% Below Consumption. MCHP traded down by 5% in aftermarket trading after providing a DecQ... More