Microchip Technology Updates Financial Guidance for First Quarter Fiscal 2021
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Microchip Technology (MCHP) PT Raised to $100 at Cowen
June 3, 2020 9:21 AM UTCCowen analyst Matthew Ramsay raised the price target on Microchip Technology (NASDAQ: MCHP) to $100.00 (from $88.00) while maintaining a Market Perform rating following the company's June pre-announcement. Microchip positively revised its F1Q revenue and EPS outlooks, as the company called out easing supply chain... More
Microchip Technology (MCHP) PT Raised to $120 at Susquehanna After Company Increases Midpoints
June 3, 2020 9:12 AM UTCSusquehanna analyst Christopher Rolland raised the price target on Microchip Technology (NASDAQ: MCHP) to $120.00 (from $115.00) while maintaining a Positive rating, citing the easing of supply chain disruptions, customers' factories in China are fully back operating, as well as factories in Europe and North America... More
Microchip Technology (MCHP) PT Raised to $115 at Raymond James
June 3, 2020 7:35 AM UTCRaymond James analyst Chris Caso raised the price target on Microchip Technology (NASDAQ: MCHP) to $115.00 (from $100.00) while maintaining a Strong Buy rating following the company's positive June quarter preannouncement. Microchip raised the June quarter revenue target, with the midpoint of guidance now assuming... More
Microchip Technology (MCHP) PT Raised to $130 at Needham & Company
June 3, 2020 7:32 AM UTCNeedham & Company analyst Rajvindra Gill raised the price target on Microchip Technology (NASDAQ: MCHP) to $130.00 (from $100.00) while maintaining a Buy rating after adjusting estimates. MCHP raised its June quarter sales and EPS guidance to $1,287MM vs. $1,247MM, and $1.44 vs. $1.35, respectively. The company cited... More
