Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / MCHP - Microchip: Limited Visibility In Recovery Timing Hold For Now

MCHP - Microchip: Limited Visibility In Recovery Timing Hold For Now

Microchip Technology Incorporated

2024-02-08 02:19:39 ET

Summary

  • I recommended as a hold due to uncertainty in the timing of a near-term recovery.
  • Microchip's primary products are microcontrollers and analog products, with MCU representing 56.4% of revenue.
  • MCHP reported a 22% sequential decline in revenue and a 30% decline in non-GAAP EPS, with a 25% sequential decline expected in 4Q24.

Overview

For further details see:

Microchip: Limited Visibility In Recovery Timing, Hold For Now
Stock Information
Company Name: Microchip Technology Incorporated
Stock Symbol: MCHP
Market: NASDAQ
Website: microchip.com
Menu
MCHP MCHP Quote MCHP Short MCHP News MCHP Articles MCHP Message Board
Get MCHP Alerts

News, Short Squeeze, Breakout and More Instantly...