Microchip Technology Sees Q2 Adj EPS $0.91-$0.95 vs $0.79 Est; Sees Sales $1.589B-$1.618B vs $1.549B Est

BMO Capital Initiates Coverage On Microchip Technology with Outperform Rating, Announces Price Target of $95

BMO Capital analyst Ambrish Srivastava initiates coverage on Microchip Technology (NASDAQ:MCHP) with a Outperform rating and announces Price Target of $95.

Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.

Cantor Fitzgerald Reiterates Overweight on Microchip Technology, Maintains $125 Price Target

Cantor Fitzgerald analyst Matthew Prisco reiterates Microchip Technology (NASDAQ:MCHP) with a Overweight and maintains $125 price target.

UBS Maintains Buy on Microchip Technology, Lowers Price Target to $120

UBS analyst Timothy Arcuri maintains Microchip Technology (NASDAQ:MCHP) with a Buy and lowers the price target from $130 to $120.