- TheStreet.com•19 days ago
Microchip Technology (MCHP) stock is advancing in late morning trading today as Credit Suisse upped its price target to $67 on Tuesday.
- Barrons.com•19 days ago
Shares of analog chip maker Microchip Technology (MCHP) are up $5.22, or 9%, at $61.85, building upon last night’s after-hours gains, after the company yesterday afternoon beat Q2 revenue and profit expectations, and forecast this quarter’s results higher as well. A big feature of the report was the company’s upbeat remarks about increased cost savings as it integrates chip maker Atmel, which the company acquired in April. There are no ratings changes this morning, that I can see, but some price target increases here and there.
- American City Business Journals•20 days ago
Microchip Technology Inc. reports its 103rd consecutive quarter of profitability, though costs related to the Atmel Corp. acquisition resulted in a loss for the period. Chandler-based Microchip (MCHP) announced its quarterly results today for the period ended June 30. Microchip president and Chief Operating Officer Ganesh Moorthy said the company has made “significant progress" combining Atmel into Microchip’s business.
Atmel Corporation (ATML)
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