Microchip Technology Incorporated (MCHP) To Go Ex-Dividend on February 16th

Microchip Technology Inc (Symbol: MCHP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.

Micron Technology, Inc. has a Price to Earnings ratio of 242.1 for the trailing twelve month period. But a recent broken ankle - and more than two months on crutches - brought that potential into focus as I finally understood the daily struggle faced by millions of people who suffer from limited mobility. The company had revenue of $3970.00 million for the quarter, compared to analysts expectations of $3936.27 million. Recently, analysts have updated the overall rating to 2.8. Jefferies Group LLC reaffirmed a "buy" rating and set a $87.00 price target (up previously from $72.00) on shares of Microchip Technology in a research report on Wednesday.

Heading into the stock price potential, Microchip Technology Incorporated needs to grow just 19.84% to cross its median price target of $85.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Micron Technology was Upgraded by BofA/Merrill to Buy on Feb 9, 2017.

Microchip Technology Incorporated's (MCHP), a part of Technology sector and belongs to Semiconductor - Broad Line industry; ended its day with a loss of -3.89% and finalized at the price of $70.93. The company has an average rating of "Buy" and an average target price of $68.00. The stock is trading $65.98 its 50-day moving average by -4.95%.

The Average Volume of the company is 30.39 Million, while the Relative Volume of the company is 13.46. Company shares were Reiterated by Mizuho on Feb 3, 2017 to Buy, Raises Price Target to $ 30 from a previous price target of $27.Company shares were Reiterated by Cowen on Feb 1, 2017 to Outperform, Raises Price Target to $ 33 from a previous price target of $26.Company shares were Reiterated by Argus on Dec 23, 2016 to Buy, Raises Price Target to $ 28 from a previous price target of $22.Micron Technology was Upgraded by Needham on Dec 22, 2016 to Buy, Price Target of the shares are set at $33. On average, analysts predict that Microchip Technology will post $3.88 earnings per share for the current fiscal year. (MCHP) has announced that all former Atmel products are now available on microchipDIRECT, Microchip's full service channel. Microchip Technology's revenue was up 56.2% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: "Microchip Technology Incorporated (MCHP) Rating Increased to Hold at Zacks Investment Research" was published by The Cerbat Gem and is the property of of The Cerbat Gem. The shares were sold at an average price of $64.20, for a total transaction of $1,688,973.60. Also, VP Stephen V. Drehobl sold 3,494 shares of the business's stock in a transaction that occurred on Tuesday, November 22nd. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Following the sale, the vice president now directly owns 13,710 shares of the company's stock, valued at $893,343.60. Corporate insiders own 2.50% of the company's stock. Nicolet Bankshares Inc. now owns 4,925 shares of the company's stock valued at $250,000 after buying an additional 432 shares during the last quarter.

A total of 12 analysts have released a report on Microchip Technology Inc. During the same period in the previous year, the company earned $0.64 earnings per share. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Microchip Technology by 7.4% in the third quarter. Doheny Asset Management CA boosted its stake in Microchip Technology by 1.7% in the second quarter.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications.

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  • Zachary Reyes