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MICROCHIP TECHNOLOGY, INC.

(MCHP)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-03 pm EST
85.34 USD   +0.96%
02/03Citigroup Adjusts Microchip Technology's Price Target to $85 From $74, Keeps Neutral Rating
MT
02/03Goldman Sachs Adjusts Price Target on Microchip Technology to $87 From $76, Maintains Neutral Rating
MT
02/03Susquehanna Adjusts Microchip Technology Price Target to $100 From $85, Maintains Positive Rating
MT
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Microchip Technology to Present at the Raymond James Technology Investor Conference

12/01/2022 | 04:16pm EST

CHANDLER, Arizona, Dec. 01, 2022 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Raymond James Technology Investor Conference on Tuesday, December 6 at 8:35 a.m. (Eastern Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by Raymond James, and can be accessed on the Microchip website at www.microchip.com.

Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company's Securities and Exchange Commission filings. Copies of SEC filings can be obtained for free at the SEC's website (www.sec.gov) or from commercial document retrieval services.

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve more than 125,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

Note: The Microchip name and logo are registered trademarks of Microchip Technology Inc. in the USA and other countries.


INVESTOR RELATIONS CONTACT:

Deborah Wussler ……… (480) 792-7373


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Source: Microchip Technology Inc.

2022 GlobeNewswire, Inc., source Press Releases

All news about MICROCHIP TECHNOLOGY, INC.
02/03Citigroup Adjusts Microchip Technology's Price Target to $85 From $74, Keeps Neutral Ra..
MT
02/03Goldman Sachs Adjusts Price Target on Microchip Technology to $87 From $76, Maintains N..
MT
02/03Susquehanna Adjusts Microchip Technology Price Target to $100 From $85, Maintains Posit..
MT
02/03Wells Fargo Adjusts Microchip Technology Price Target to $85 From $80, Maintains Equal ..
MT
02/03Raymond James Adjusts Price Target on Microchip Technology to $105 From $90, Maintains ..
MT
02/03Mizuho Securities Adjusts Price Target on Microchip Technology to $79 From $72, Maintai..
MT
02/03UBS Adjusts Microchip Technology Price Target to $98 From $90, Maintains Buy Rating
MT
02/03Credit Suisse Raises Microchip Technology's Price Target to $98 From $85, Keeps Neutral..
MT
02/03KeyBanc Capital Markets Raises Price Target on Microchip Technology to $100 From $85, M..
MT
02/03Morgan Stanley Adjusts Price Target on Microchip Technology to $99 From $80, Maintains ..
MT
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Analyst Recommendations on MICROCHIP TECHNOLOGY, INC.
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Financials (USD)
Sales 2023 8 427 M - -
Net income 2023 2 249 M - -
Net Debt 2023 5 990 M - -
P/E ratio 2023 21,2x
Yield 2023 1,48%
Capitalization 46 938 M 46 938 M -
EV / Sales 2023 6,28x
EV / Sales 2024 5,96x
Nbr of Employees 21 000
Free-Float 93,2%
Chart MICROCHIP TECHNOLOGY, INC.
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Technical analysis trends MICROCHIP TECHNOLOGY, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 85,34 $
Average target price 96,42 $
Spread / Average Target 13,0%
EPS Revisions
Managers and Directors
Ganesh Moorthy President, Chief Executive Officer & Director
James Eric Bjornholt Senior VP, Chief Financial & Accounting Officer
Steve Sanghi Executive Chairman
Matthew W. Chapman Independent Director
Wade F. Meyercord Independent Director
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