Consolidated Planning Corp invested $308,000 in
Microchip Technology. However, the company faced ratings downgrade due to the need for tangible improvements. The company's shares are plummeting due to factors such as slashing of EPS estimates & reduced targeted profits from analysts and missing Q3 earnings & revenue estimates.
StockNews.com downgraded Microchip Technology's rating to 'Sell', despite the firm reaffirming its dividend of $0.455. Numerous businesses, such as Shaker Investments LLC OH and Stephens Inc. AR, reduced their holdings in the company, while others like Vest Financial LLC and Sumitomo Mitsui Trust Group Inc. increased their holdings. The company announced its Q3 fiscal year 2025 results, with lower sales and profit being the key takeaways.
Microchip Technology touched a new 1-year low following the disappointing earnings, despite receiving 'Overweight' and 'Strong-Buy' ratings from Piper Sandler and Raymond James, respectively. The firm announced its Q4 2025 earnings guidance, amid analysts' pessimistic forecasts for the stock price. It also released its earnings results, which were not well-received by the market. Buck Wealth Strategies LLC and Trilogy Capital Inc. bought considerable shares of the company, while others such as Empowered Funds LLC and Choreo LLC lowered their positions. The third quarter earnings for the fiscal year 2025 missed expectations, causing the stock's intrinsic value estimate to plunge by up to 38%, according to some valuations.
Microchip Technology MCHP News Analytics from Sun, 29 Sep 2024 07:00:00 GMT to Sat, 15 Feb 2025 19:43:14 GMT -
Rating -8
- Innovation -3
- Information 5
- Rumor -6
