Microchip Technology Declares Quarterly Cash Dividend of 36.45 Cents Per Share

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Microchip Technology (MCHP) PT Lowered to $95 at Nomura/Instinet

November 8, 2018 7:51 AM EST

Nomura/Instinet analyst Krysten Sciacca lowered the price target on Microchip Technology (NASDAQ: MCHP) to $95.00 (from $105.00) while maintaining a Buy rating following the company's 2Q. Microchip reported revenues of $1.51bn, in line with Street estimates. Gross margin for the quarter was 61.7%, well ahead... More

Microchip Technology (MCHP) PT Lowered to $98 at Mizuho Securities

November 8, 2018 7:25 AM EST

Mizuho Securities analyst Vijay Rakesh lowered the price target on Microchip Technology (NASDAQ: MCHP) to $98.00 (from $110.00) while maintaining a Buy rating following the company's 2Q. MCHP reported SepQ rev/EPS of $1.5B/1.81$, inline with guidance but guided a weaker DecQ topline down... More