Microchip Technology Announces Financial Results for First Quarter of Fiscal Year 2019
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Microchip (MCHP) Clearing Excess MSCC Inventory - Needham & Company
August 10, 2018 1:15 PM EDTNeedham & Company analyst Rajvindra Gill reiterated a Strong Buy and $120 price target on Microchip Technology (NASDAQ: MCHP) following results.
Gill commented, "MCHP's shares are down 10% following a $72MM miss for the Sept. quarter. MCHP is clearing through ~$100MM of excess MSCC inventory as... More
Microchip Technology (MCHP) Sell-Off a Buying Opportunity - Lynx Equity Strategies
August 10, 2018 9:41 AM EDTLynx Equity Strategies analsyt Jahanara Nissar sees the sell-off in Microchip Technology (NASDAQ: MCHP) today as a buying opportunity. Shares are currently down 10.7%
Nissar highlighted:
1) guide miss due to noise from the usual integration-related headwinds typical of inventory accounting when Company makes new... More
Mizuho Securities Reiterates Buy on Microchip Technology (MCHP) Following 1Q19 Report
August 10, 2018 9:26 AM EDTMizuho Securities reiterated a Buy rating and $110.00 price target on Microchip Technology (NASDAQ: MCHP) following the company's 1Q earnings report.
MCHP reported revenues and EPS of $1.2B/$1.61 (cons. $1.2B/$1.48), inline with May MSCC update and an $0.08 unexpected tax benefit, and guided to a SepQ... More
Microchip Technology (MCHP) Tops Q1 EPS by 13c, Offers Q2 Guidance
August 9, 2018 4:21 PM EDTMicrochip Technology (NASDAQ: MCHP) reported Q1 EPS of $1.61, $0.13 better than the analyst estimate of $1.48. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.21 billion.
GUIDANCE:
Microchip Technology sees Q2 2019 EPS of $1.65-$1.83, versus the consensus of... More
