Microchip Technology Updates December 2024 Quarter Revenue Guidance, and Announces Manufacturing Restructuring Plans

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Go back to Microchip Technology Updates December 2024 Quarter Revenue Guidance, and Announces Manufacturing Restructuring Plans

Microchip Technology (MCHP) PT Lowered to $87 at Stifel

December 3, 2024 6:36 AM EST

Stifel analyst Tore Svanberg lowered the price target on Microchip Technology (NASDAQ: MCHP) to $87.00 (from $90.00) while maintaining a Buy rating.

The analyst comments " After the market close on December 2, 2024, MCHP updated its outlook for F3Q25E (Dec), with revenue... More