Truist Financial Reaffirms Their Hold Rating on Microchip (MCHP)
Truist Financial analyst William Stein maintained a Hold rating on Microchip (MCHP – Research Report) today and set a price target of $56.00.
KeyBanc Keeps Their Buy Rating on Microchip (MCHP)
In a report released today, John Vinh from KeyBanc maintained a Buy rating on Microchip (MCHP – Research Report). The company’s shares closed ...
Why Microchip would rather borrow money to pay its high dividend than cut it
Excluding nonrecurring items, such as restructuring costs and the effects of share-based compensation, adjusted earning per share of 20 cents missed the FactSet consensus of 27 cents. The margin of ...
Piper Sandler cuts Microchip stock target to $65, keeps overweight
Piper Sandler adjusted its outlook on Microchip Technology (NASDAQ:MCHP) shares, reducing the price target to $65 from the previous $85 while maintaining an Overweight rating on the stock. The firm's ...
Mizuho cuts Microchip stock price target to $58 from $72
Securities has adjusted the price target for Microchip Technology (NASDAQ:MCHP) shares, reducing it to $58 from the previous $72, while retaining an Outperform rating on the stock. Currently trading ...
Microchip Remains in Turnaround Mode While Facing a Severe Inventory Correction
Microchip is highly leveraged after making several acquisitions a decade ago. As of September 2024, Microchip held $0.3 billion of cash versus $6.4 billion of debt. The company believes it has ...