Needham & Company Upgrades Microchip Technology (MCHP) to Strong Buy
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Go back to Needham & Company Upgrades Microchip Technology (MCHP) to Strong Buy
February 8, 2017 7:14 AM EST
Jefferies analyst, Mark Lipacis, reiterated his Buy rating on shares of Microchip Technology (NASDAQ: MCHP) and raised his price target to $87 after DecQ sales/EPS of $881m/$1.05 were above consensus $849m/$0.90.
MCHP's MarQ outlook of $1.06 is 13c above consensus and MCHP now expects... More
February 8, 2017 6:19 AM EST
Macquarie analyst, Vijay Rakesh, reiterated his Neutral rating on shares of Microchip Technology (NASDAQ: MCHP) and raised his price target to $72 after the company reported a solid December quarter with revenues/EPS of $881M/$1.05, well ahead of consensus.
The company saw... More
February 7, 2017 4:17 PM EST
Microchip Technology (NASDAQ: MCHP) reported Q3 EPS of $1.05, $0.19 better than the analyst estimate of $0.86. Revenue for the quarter came in at $834.4 million versus the consensus estimate of $849.14 million.
For earnings history and earnings-related data on Microchip Technology (MCHP) click here.
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