These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
Microchip Technology Incorporated (NASDAQ:MCHP) reported upbeat earnings for its second quarter on Tuesday. The company posted quarterly earnings of 46 cents per share which beat the analyst consensus estimate of 43 cents per share.
Microchip Technology forecasts quarterly results below estimates on weak automotive demand
Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic uncertainty, sending its shares down about 4% in extended trading.
Microchip Technology Reports Q2 Fiscal 2025 Results
Microchip Technology ( (MCHP) ) has released its Q2 earnings. Here is a breakdown of the information Microchip Technology presented to its
Microchip Tech (MCHP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Microchip Technology (MCHP) reported $1.16 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 48.4%. EPS of $0.46 for the same period compares to $1.62 a year ago.
Microchip Technology Increases Quarterly Cash Dividend 3.6% Year-Over-Year to 45.5 Cents Per Share
Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
Net sales of $1.164 billion, down 6.2% sequentially and down 48.4% from the year ago quarter. The midpoint of our guidance provided on August 1,
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Are Wall Street Analysts Bullish on Microchip Technology Stock?
Headquartered in Chandler, Arizona, Microchip Technology Incorporated (MCHP) specializes in designing, manufacturing, and ...
The Analyst Verdict: Microchip Technology In The Eyes Of 4 Experts
In the assessment of 12-month price targets, analysts unveil insights for Microchip Technology, presenting an average target of $90.0, a high estimate of $100.00, and a low estimate of $80.00.
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Microchip Technology Reports $21.4 Million Cost From Ransomware Attack
Microchip Technology’s latest financial report reveals the company’s expenses due to the recent cybersecurity incident.
Microchip’s Resilience Amid Market Challenges: A Buy Rating Justified by Recovery Prospects
Blayne Curtis, an analyst from Jefferies, maintained the Buy rating on Microchip (MCHP – Research Report). The associated price target is ...
Microchip Technology Raises Dividend; Shares Fall on Downbeat 3Q Guidance
Microchip Technology raised its dividend by 0.1 cents to 45.5 cents per share, but its stock fell after projecting fiscal third-quarter results that missed analyst expectations. The new payout, equal ...
Chinese firm ordered to sell holding in Glaswegian chip business
FTDI manufactures Universal Serial Bus (USB) technology, such as cables and peripheral chips, that helps connect old ...
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Innovative FDA Program to Evaluate Nonanimal Organ-on-a-Chip Technology
In an exciting development for drug development and patient care, the FDA has officially accepted the first submission of an organ-on-a-chip technology under its Innovative Science and Technology ...
New York State Chosen as National Center for Chip Manufacturing Research
The Biden administration will place a hub of a newly created national semiconductor technology center in upstate New York.
China issues first national standard for skin-on-a-chip technology
China recently released a standard for skin-on-a-chip technology, the country’s first national standard in the field of organ-on-a-chip technology, which marks a significant step forward for China in ...
Microchip making progress toward final CHIPS Act agreement
Microchip Technology Inc. is “making progress” toward a final agreement with federal officials for a CHIPS Act award, the ...