Microchip Technology (MCHP) has had a volatile time recently. Their
Q1 earnings exceeded estimates, but not all news was positive as their PT was lowered to $100.00, and even as far as $80.00. Despite this, their
Q1 earnings report showed interesting key metrics. At KeyBanc Capital Markets Technology Leadership Forum, Microchip Technology presented. An increase in their quarterly cash dividend to
45.4 cents per share led to a new $1.08 million investment from Swedbank AB. However, despite earnings beating estimates, sales have been declining year over year. Q1 results saw analysts slashing their forecasts. Rosenblatt Securities maintained a 'Buy' rating, though other sources question whether now is the right time to invest. MCHP's stock performance has been sliding, but fundamentals appear to be strong. This has seen MCHP's stock outperform earnings growth. Q1 was reported to be weak, but the stock earned an RS rating upgrade. Concerns over MCHP's price are being raised, and insiders are selling shares. Traders are buying large volumes of call options. Recent Wall Street views are bullish, but some analysts are reducing their estimates. MCHP has announced a Q3 earnings call.
Microchip Technology MCHP News Analytics from Mon, 29 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 19:47:25 GMT -
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- Innovation 2
- Information 7
- Rumor 6
