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Microchip Technology Incorporated (MCHP) [hlAlert]

Rating:
Hold MCHP
down 4.16 %

Microchip Technology Incorporated (MCHP) downgraded to Hold by Drexel Hamilton

Posted on: Monday,  Aug 24, 2015  10:25 AM ET by Drexel Hamilton

Drexel Hamilton rated Hold Microchip Technology Incorporated (NASDAQ: MCHP) on 08/24/2015. Previously Drexel Hamilton rated Buy Microchip Technology Incorporated (NASDAQ: MCHP) on
12/12/2013., when the stock price was $41.97. Since then, Microchip Technology Incorporated has lost 4.17% as of 08/24/2015's recent price of $40.22.
If you would have followed the previous Drexel Hamilton's recommendation on MCHP, you would have lost 4.16% of your investment in 620 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.

Drexel Hamilton
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/24/2015 10:25 AM Hold
None
40.22
as of 8/27/2015
1 Week down  -7.66 %
1 Month down  -19.88 %
3 Months down  -19.31 %
1 YTD down  -10.12 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/12/2013 8:25 AM Buy
None
41.97

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