Piper Sandler raised the firm’s price target on Microchip (MCHP) to $80 from $65 and keeps an Overweight rating on the shares. The firm notes Microchip reported strong June quarter results and September quarter guidance with slight upside in both revenues and EPS. Microchip is seeing broad strength in almost all its product lines as well as all geographies, Piper adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- Microchip Technology Reports Strong Start to Fiscal 2026
- Microchip’s Mixed Outlook: Hold Rating Amid Demand Recovery and Ongoing Challenges
- Microchip reports Q1 EPS 27c, consensus 24c
- Microchip sees Q2 adjusted EPS 34c-37c, consensus 31c
- Trump Weekly: President says raising tariffs on India ‘substantially’