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Microchip Technology Incorporated (MCHP) [hlAlert]

up 6.07 %

Microchip Technology Incorporated (MCHP) rated Buy with price target $43 by Needham

Posted on: Friday,  May 3, 2013  11:25 AM ET by Needham

Needham rated Buy Microchip Technology Incorporated (NASDAQ: MCHP) on 05/03/2013, when the stock price was $37.38. Since then, Microchip Technology
Incorporated has gained 6.07% of its value until Needham rated MCHP Hold on 10/10/2014, when the price was $39.65.
If you would have followed this Needham's recommendation on MCHP, you would have gained 6.07% of your investment in 525 days.

Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications andindustrial markets.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2016 8:25 AM Buy
39.94 60.00
as of 12/13/2013
1 Week down  -4.66 %
1 Month down  -4.39 %
3 Months up  4.87 %
1 YTD up  27.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2014 8:25 AM Hold
5/3/2013 11:25 AM Buy
37.38 43.00
12/7/2012 8:25 AM Buy
30.75 37.00

(*) Stock Price at the time of the recommendation.
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