Microchip shares fall on weak outlook

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Microchip Technology (MCHP) PT Lowered to $95 at Evercore ISI, 'We're Buyers'

November 6, 2024 5:54 AM EST

Evercore ISI analyst Mark Lipacis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $95.00 (from $101.00) while maintaining a Outperform rating.

The analyst comments "Were Buyers Considering MCHP Shipping 46% Below Consumption. MCHP traded down by 5% in aftermarket trading after providing a DecQ... More