Microchip launches ethernet chips with security for automotive networks
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Microchip Technology (MCHP) PT Raised to $125 at Wolfe Research
May 8, 2026 5:51 AM EDTWolfe Research analyst Chris Caso raised the price target on Microchip Technology (NASDAQ: MCHP) to $125.00 (from $90.00) while maintaining a Outperform rating.
The analyst comments "MCHP posted a strong report and guidance. The company reported MarQ revenue up 10.6% q/q and 4% ahead of the street. MCHP guided JunQ revenue up 11% q/q, 8% ahead of the street, with EPS guidance of $0.69 ($0.10 above Street). It now appears that the first phase of the recovery... More
