Mizuho Maintains Neutral on Microchip Technology, Raises Price Target to $75
Mizuho analyst Vijay Rakesh maintains Microchip Technology (NASDAQ:MCHP) with a Neutral and raises the price target from $72 to $75.
$1000 Invested In Microchip Technology 20 Years Ago Would Be Worth This Much Today
Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years by 2.24% on an annualized basis producing an average annual return of 10.06%. Currently, Microchip Technology has a market capitalization of $38.68 billion.
Earnings Scheduled For August 2, 2022
Companies Reporting Before The Bell
• Ferrari (NYSE:RACE) is expected to report quarterly earnings at $1.27 per share on revenue of $1.22 billion.
‘CHIPS: Senate has cleared 60 vote threshold to end debate on semiconductor bill. Smooth sailing in Senate from here’ -Bloomberg Reporter
https://twitter.com/elwasson/status/1551956507809312770https://twitter.com/elwasson/status/1551956507809312770
Cramer Likes This Stock With 5% Yield
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes The Williams Companies Inc (NYSE: WMB) as it has a 5% yield.
‘Senator Schumer is telling senators to prepare for floor vote as early as TUESDAY to start moving CHIPS, per source familiar. Would include the $52B for semiconductors plus investment tax credit from the FABS Act….’ -CNBC Reporter Tweet
https://twitter.com/ylanmui/status/1547631909592653828?s=20&t=kO5S-dxubhjW8z2ZQWgKsw