These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
These Analysts Slash Their Forecasts On Microchip Technology Following Q2 Results
Microchip said it sees third-quarter adjusted earnings of 29 cents to 32 cents per share on net sales of $1.025 billion to $1.095 billion.Microchip Technology Incorporated (NASDAQ:MCHP) reported upbeat earnings for its second quarter on Tuesday.
微芯科技公司（納斯達克股票代碼：MCHP）週二報告稱其第二季度收益表現強勁。
The company posted quarterly earnings of 46 cents per share which beat the analyst consensus estimate of 43 cents per share. The company reported quarterly sales of $1.164 billion which beat the analyst consensus estimate of $1.152 billion.
公司每股季度盈利爲46美分，超過了分析師共識估計的43美分。公司季度銷售額達11.64億美元，超過了分析師共識估計的11.52億美元。
"Our September quarter results were consistent with our guidance, as we continued to navigate through an inventory correction that's occurring in the midst of macro weakness for many manufacturing businesses, accentuated by heightened weakness in our European business which is concentrated with Industrial and Automotive customers," said Ganesh Moorthy, President and Chief Executive Officer. "The 'green shoots' we saw in recent quarters have progressed unevenly with essentially flat sequential bookings, normalized cancellation rates and much higher expedite requests, which we believe are all positive signs for a potential bottom formation despite limited visibility."
「我們9月季度的業績符合我們的指導方針，我們繼續應對目前製造業許多業務中存在的存貨糾正，在歐洲業務中，尤其是工業和汽車客戶集中的業務中，由宏觀形勢的疲軟加劇所帶來的的薄弱環境。」 艾士樂首席執行官根尼施·姆爾西表示。「我們在過去幾個季度看到的『綠芽』不斷髮展，雖然連續訂購基本持平，取消率趨向正常，加急請求大增，但我們認爲這些都是潛在底部形成的積極跡象，儘管能見度有限。」
Microchip said it sees third-quarter adjusted earnings of 29 cents to 32 cents per share on net sales of $1.025 billion to $1.095 billion.
微芯科技表示，預計第三季度調整後每股盈利爲29美分至32美分，淨銷售額在10.25億至10.95億美元之間。
Microchip shares fell 1.8% to trade at $73.76 on Wednesday.
週三，微芯科技股價下跌1.8%，報73.76美元。
These analysts made changes to their price targets on Microchip following earnings announcement.
這些分析師在微芯科技發佈業績後調整了其股價目標。
- Needham analyst Quinn Bolton maintained Microchip Technology with a Buy and lowered the price target from $96 to $85.
- Piper Sandler analyst Harsh Kumar maintained the stock with an Overweight and lowered the price target from $100 to $85.
- Keybanc analyst Weston Twigg maintained Microchip with an Overweight and lowered the price target from $100 to $95.
- Susquehanna analyst Christopher Rolland maintained Microchip Technology with a Positive and lowered the price target from $95 to $90.
- Evercore ISI Group analyst Mark Lipacis reiterated Microchip with an Outperform and lowered the price target from $101 to $95.
- TD Cowen analyst Joshua Buchalter maintained the stock with a Hold and lowered the price target from $80 to $70.
- Jefferies analyst Blayne Curtis maintained Microchip with a Buy and cut the price target from $100 to $90.
- Citigroup analyst Christopher Danely maintained the stock with a Buy and slashed the price target from $92 to $82.
- Needham分析師奎恩·博爾頓維持對微芯科技的買入評級，並將價格目標從96美元下調至85美元。
- Piper Sandler分析師哈什·庫馬維持股票超配評級，並將價格目標從100美元下調至85美元。
- Keybanc分析師Weston Twigg維持對微芯片的增持評級，將目標價從100美元降至95美元。
- Susquehanna分析師Christopher Rolland維持對微芯科技的積極評級，將目標價從95美元降至90美元。
- Evercore ISI Group分析師Mark Lipacis重申對微芯片的表現評級，並將目標價從101美元降至95美元。
- TD Cowen分析師Joshua Buchalter維持持有該股，並將目標價從80美元降至70美元。
- Jefferies分析師Blayne Curtis維持對微芯片的買入評級，將目標價從100美元降至90美元。
- 花旗集團分析師Christopher Danely維持持有該股，並將目標價從92美元調降至82美元。
Considering buying MCHP stock? Here's what analysts think:
考慮購買MCHP股票嗎？以下是分析師的看法：
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譯文內容由第三人軟體翻譯。
