Why Microchip Technology (MCHP) Shares Are Trading Lower Today [Yahoo! Finance]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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US:NASDAQ Investor Relations:
microchip.com/investors
Company Research
Source: Yahoo! Finance
December 2024 quarter, with expectations for revenue to be close to the low end of its previous forecast of $1.025 to $1.095 billion. Also, the company is closing its Tempe wafer fabrication facility due to elevated inventory levels and ample capacity. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Microchip Technology? Access our full analysis report here, it's free Microchip Technology's shares are not very volatile and have only had 6 moves greater than 5% over the last year. Moves this big are rare for Microchip Technology and indicate this news significantly impacted the market's perception of the business. Microchip Technology is down 23.8% since the beginning of the year, and at $65.96 per share, it is trading 33.7% below its 52-week high of $99.49 from May 2024. Investors who bought $1,000 worth of Microchip Technology's shares 5 years ago would now be looking at an investment wor
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Impact Snapshot
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MCHP
News
- How Morgan Stanley, Microchip Technology And Philip Morris Can Put Cash In Your Pocket [Yahoo! Finance]Yahoo! Finance
- Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch ControllersGlobeNewswire
- Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained ApplicationsGlobeNewswire
- Microchip Technology Incorporated (NASDAQ: MCHP) was downgraded by analysts at Bank of America Co. from a "neutral" rating to an "underperform" rating. They now have a $65.00 price target on the stock, down previously from $80.00.MarketBeat
- Microchip Technology Incorporated (NASDAQ: MCHP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
MCHP
Earnings
- 11/5/24 - Beat
MCHP
Sec Filings
- 12/16/24 - Form 8-K
- 12/12/24 - Form 424B2
- 12/11/24 - Form FWP
- MCHP's page on the SEC website