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Enter Symbol:
Rating: MCHP
Buy $60

Microchip Technology Incorporated (NASDAQ: MCHP) upgraded to Buy with price target $60 by Needham

Friday,  Jan 15, 2016  8:25 AM ET by Lynn Gilbert

Needham upgraded Microchip Technology Incorporated (NASDAQ: MCHP) to Buy with price
target $60. Previously, Needham rated Microchip Technology Incorporated (NASDAQ: MCHP) to Hold on 10/10/2014, when the stock price was valued at $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.

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