Citigroup and Susquehanna have boosted the price target of Microchip Technology (MCHP) stock, signaling its potential for growth. Q4 Earnings met estimates but saw a decline in sales YoY, while Q3 earnings surpassed estimates. Recent stock movements have seen MCHP sink and gain amidst general market fluctuations. MCHP stock crossed both the 20 and 50-day moving averages and had few negative episodes like a weak Q1 report and Q4 revenue missing the mark. Microchip Technology's dividend increased to $0.45 per share, an 18% growth YoY. Despite market challenges, MCHP acquired Neuronix AI Labs.
Microchip Technology MCHP News Analytics from Fri, 08 Dec 2023 08:00:00 GMT to Thu, 09 May 2024 10:04:33 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor 3
