Microchip Technology Inc. (MCHP) : Earnings Preview

Microchip Technology Inc. (MCHP) is scheduled to report third quarter 2015 earnings after the bell on Monday, August 3. Wall Street analysts are on average expecting the developer of semiconductor products to post $556.28 million in sales during the quarter. This would show a 1.84% increase from the 2Q’15 revenue of $546.2 million and an increase of 15.32% from $482.4 million in Q3’14. EPS are expected to come in at $0.71, a growth rate of 16.40% from $0.61 per share a year earlier.

On valuation measures, Microchip Technology Inc., currently valued at $8.67 billion, has a median Wall Street price target of $53.00 with a high target of $61.00. In the past 52 weeks, shares of Chandler, Arizona-based company have traded between a low of $36.92 and a high of $52.44 with the 50-day MA and 200-day MA located at $45.76 and $47.92 levels, respectively. Additionally, shares of MCHP trade at a P/E ratio of 1.15 and have a Relative Strength Index (RSI) and MACD indicator of 36.26 and -0.48, respectively.

MCHP currently prints a one year loss of about 2% and a year-to-date loss of 3.65%.

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