Needham Maintains Buy on Microchip Technology, Raises Price Target to $66
MCHPMarch 4, 2025
Read more →Microchip Technology plans restructuring to streamline operations and reduce costs. The company will cut 2,000 jobs, incurring $30-$40 million in restructuring expenses.
Microchip Technology (NASDAQ: MCHP) to release earnings after market close on Tuesday. Analysts expect lower earnings and revenue compared to last year.