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06.05.2024 - For the quarter ended March 31, 2024 Net sales of $1.326 billion, down 24.9% sequentially and down 40.6% from the year ago quarter. Our guidance provided on February 1, 2024 was for net sales to be down 25% sequentially.On a GAAP basis: gross ...
Microchip Technology (NASDAQ:MCHP – Get Free Report) released its earnings results on Monday. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57, Briefing.com reports. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Microchip Technology had a return […]
Microchip Technology (NASDAQ:MCHP – Get Free Report) posted its earnings results on Monday. The semiconductor company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57, Briefing.com reports. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. Microchip Technology had a return on equity […]
Microchip Technology (NASDAQ:MCHP – Free Report) had its price target lifted by Stifel Nicolaus from $98.00 to $102.00 in a report published on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock. Several other equities research analysts have also recently commented on MCHP. Wolfe Research raised shares of […]
Los Angeles Capital Management LLC increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 792.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 82,819 shares of the semiconductor company’s stock after buying an additional 73,535 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Microchip Technology were worth […]