Piper Sandler analyst Harsh Kumar raised the firm’s price target on Microchip to $100 from $80 and keeps an Overweight rating on the shares. The company reported a solid quarter beating estimates and providing guidance for the March quarter that was ahead of consensus, the analyst tells investors in a research note. Importantly, Microchip is pointing towards growth sequentially for the June quarter as well, Piper says.
Published first on TheFly
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