Why Is Microchip Tech (MCHP) Up 2.1% Since Last Earnings Report?
MCHPMicrochip Technology(MCHP) ZACKS·2024-06-06 00:35

A month has gone by since the last earnings report for Microchip Technology (MCHP) . Shares have added about 2.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Microchip Tech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Microchip Q4 Earnings Meet Estimates, ...