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Microchip Technology (NASDAQ:MCHP – Get Free Report) released its earnings results on Thursday. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04, RTT News reports. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Microchip Technology had […]
Microchip Technology (NASDAQ:MCHP – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.460-0.680 for the period, compared to the consensus EPS estimate of 0.910. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.7 billion. Microchip Technology also […]
Microchip Technology (NASDAQ:MCHP – Free Report) had its target price boosted by Needham & Company LLC from $85.00 to $90.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock. Other analysts have also issued reports about the stock. Rosenblatt Securities reaffirmed […]
Microchip Technology (NASDAQ:MCHP – Get Free Report) issued its quarterly earnings data on Thursday. The semiconductor company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04, RTT News reports. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.77 billion. Microchip Technology had a […]
Microchip Technology (NASDAQ:MCHP – Get Free Report) had its target price decreased by investment analysts at The Goldman Sachs Group from $87.00 to $77.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price target would indicate […]