Microchip Technology (MCHP) Could be the Under-the-Radar AI Play About to Pop
To be fair, Microchip isn’t as exciting as primary chip designers like Nvidia (NASDAQ: NVDA) or Advanced Micro Devices (NASDAQ: AMD ). However, it’s more than fair to say that Microchip plays an important support role in the broader machine intelligence ecosystem.
Microchip Technology’s stock was falling after the semiconductor maker kept its dividend flat for first time in four years, reported quarterly sales that fell to a seven-year low and gave an outlook ...
Citi analysts revised their price target for Microchip Technology (NASDAQ:MCHP) stock, reducing it to $65 from the previous $65, while continuing to endorse the stock with a Buy rating. The adjustment ...
Microchip Technology reported its third-quarter financial results after Thursday's closing bell. Here's a look at the details ...
Microchip Technology's revenue has been declining for four consecutive quarters. Read more to see why I'm very bearish on ...
Chipmaker Microchip Technology forecast fourth-quarter net sales and profit below Wall Street estimates on Thursday, anticipating tepid demand as customers in the automotive market still work on ...
Net sales of $1.026 billion, down 11.8% sequentially and down41.9% from the year ago quarter. Our updated guidance provided on December 2, 2024 ...
This was the stock's second consecutive day of gains.
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Truist lowered the firm’s price target on Microchip (MCHP) to $56 from $68 and keeps a Hold rating on the shares. The company missed estimates ...
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