Equities Analysts Offer Predictions for Microchip Technology Inc.’s Q2 2020 Earnings (NASDAQ:MCHP)
Microchip Technology Inc. (NASDAQ:MCHP) – Equities researchers at Piper Jaffray Companies decreased their Q2 2020 EPS estimates for shares of Microchip Technology in a research report issued to clients and investors on Tuesday, August 6th, according to Zacks Investment Research. Piper Jaffray Companies analyst H. Kumar now anticipates that the semiconductor company will earn $1.31 per share for the quarter, down from their prior estimate of $1.43. Piper Jaffray Companies has a “Buy” rating and a $110.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Microchip Technology’s Q3 2020 earnings at $1.32 EPS and Q4 2020 earnings at $1.38 EPS.