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Microchip Technology Incorporated (MCHP) [hlAlert]

Rating:
Hold MCHP

Microchip Technology Incorporated (MCHP) downgraded to Hold by Needham

Posted on: Friday,  Oct 10, 2014  8:25 AM ET by Needham

Needham rated Hold Microchip Technology Incorporated (NASDAQ: MCHP) on 10/10/2014. Previously 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 Buy on 10/10/2014, when the price was $39.65. .

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
None
39.94 60.00
as of 10/17/2014
1 Week down  -0.77 %
1 Month down  -18.09 %
3 Months down  -17.65 %
1 YTD down  -11.39 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2014 8:25 AM Hold
None
39.65
5/3/2013 11:25 AM Buy
None
37.38 43.00
12/7/2012 8:25 AM Buy
None
30.75 37.00

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