Wolf Popper LLP Reminds Investors of Investigations Into Astec Industries, Inc. and Microchip Technology Inc.
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: PR Newswire
NEW YORK, Oct. 18, 2018 /PRNewswire/ -- On September 14, 2018, Wolf Popper LLP filed a class action complaint on behalf of investors in Microchip Technology Inc. (NASDAQ: MCHP). If you are a member of the Class, you may file a motion to be appointed lead plaintiff no later than November 16, 2018. During the period March 2, 2018 through August 9, 2018, Microchip misrepresented that its Microsemi Corp. acquisition would be "immediately accretive" by increasing Microchip's earnings per share. On August 9, 2018, Microchip's stock dropped $10.67 per share after Microchip admitted that it had failed to conduct adequate due diligence prior to its acquisition of Microsemi and had been unaware that Microsemi "was extremely aggressive in shipping inventory into the distribution channel" which "will provide some headwind for revenue for the next couple of quarters." Wolf Popper is also investigating potential securities fraud claims on behalf of investors in Astec Industries, Inc. On July 24,
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News
- Microchip Technology Incorporated (NASDAQ: MCHP) had its price target raised by analysts at Stifel Nicolaus from $94.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
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MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website