Microchip Technology Incorporated (MCHP) experienced notable movement throughout several investment bodies.
Godsey & Gibb Inc. and Central Pacific Bank Trust Division bought shares while Fulton Bank N.A., Boltwood Capital Management and Rhumbline Advisers grew their holdings. The company, adjusting its guidance figure to
$1.02B, will present new financial strategies at the upcoming Bank of America Global Technology Conference. Various investment firms, such as UBS Group and Rosenblatt Securities, set new price targets for MCHP. The chip manufacturer also announced a payout of a
$0.455 dividend and demonstrated a significant increase in international revenue trends. Despite forecasting a net loss of
$76 Million, Microchip Technology still declared dividends. Post their recent earnings call, analysts gave the MCHP stock a moderate buy recommendation due to impressive Q4 performance and revenue beats, causing the share price to soar. On the innovation front, the company introduced controllers compliant with CNSA 2.0 standards. Some market sentiment remains sceptical due to insider selling activity and a turbulent stock price.
Microchip Technology MCHP News Analytics from Tue, 31 Dec 2024 08:00:00 GMT to Sat, 07 Jun 2025 17:41:29 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 2
