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Microchip Technology Incorporated (NASDAQ:MCHP) Receives $97.29 Consensus Target Price from Analysts

Microchip Technology Incorporated (NASDAQ:MCHP – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy […] ....

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Needham & Company LLC Reiterates Buy Rating for Microchip Technology (NASDAQ:MCHP)

Microchip Technology (NASDAQ:MCHP – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports. They presently have a $100.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 18.96% […] ....

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Wells Fargo & Company Increases Microchip Technology (NASDAQ:MCHP) Price Target to $90.00

Microchip Technology (NASDAQ:MCHP – Free Report) had its price target raised by Wells Fargo & Company from $80.00 to $90.00 in a research note published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the semiconductor company’s stock. Several other equities research analysts also recently commented on the stock. […] ....

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Susquehanna Cuts Microchip Technology (NASDAQ:MCHP) Price Target to $100.00

Microchip Technology (NASDAQ:MCHP – Free Report) had its target price cut by Susquehanna from $105.00 to $100.00 in a research note published on Friday, MarketBeat.com reports. They currently have a positive rating on the semiconductor company’s stock. MCHP has been the subject of several other reports. Wolfe Research assumed coverage on shares of Microchip Technology […] ....

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Microchip Technology (NASDAQ:MCHP) Releases Earnings Results, Meets Expectations

Microchip Technology (NASDAQ:MCHP – Get Free Report) released its earnings results on Thursday. The semiconductor company reported $1.64 EPS for the quarter, hitting the consensus estimate of $1.64, Briefing.com reports. Microchip Technology had a return on equity of 51.12% and a net margin of 26.52%. The firm had revenue of $2.29 billion during the quarter, […] ....

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