Microchip Technology Incorporated has been highlighted in various updates recently, influencing trends and analysis around the company's future. Mizuho Securities and JPMorgan Chase & Co. have trimmed their holdings, while other firms like Nuveen LLC and National Bank of Canada FI increased their positions. Resona Asset Management and Boston Partners have also raised theirs, while Goldman Sachs has increased its position as well. The company has surpassed Q1 earnings and revenue expectations but posted a US$19 million quarterly loss.
A lower earnings outlook and a bearish forecast from TD Cowen has shifted investment sentiment. Nevertheless, Piper Sandler and Needham & Company forecast strong price appreciation and expect the stock price to rise, respectively. The company is continually paying a dividend, including its recent declaration of $0.455, despite the quarterly loss. Meanwhile, many firms continue to invest, and Microchip itself has confirmed plans to webcast its annual shareholders meeting.
Microchip Technology MCHP News Analytics from Tue, 31 Dec 2024 08:00:00 GMT to Sat, 16 Aug 2025 20:50:07 GMT - Rating 0 - Innovation 5 - Information 6 - Rumor -3
