How To Earn $500 A Month From Microchip Technology Stock Ahead Of Quarterly Earnings

Microchip Technology Incorporated (NASDAQ:MCHP) will release earnings results for its second quarter after the closing bell on Tuesday.

Analysts expect the Chandler, Arizona-based company to report quarterly earnings at 43 cents per share, down sharply from $1.62 per share in the year-ago period. Microchip Technology projects to report revenue of $1.15 billion for the recent quarter, compared to $2.27 billion a year earlier, according to data from Benzinga Pro.

On Oct. 21, Susquehanna analyst Christopher Rolland maintained Microchip Technology with a Positive rating and lowered the price target from $105 to $95.

With the recent buzz around Microchip Technology, some investors may be eyeing potential gains from the company's dividends too. As of now, Microchip Technology offers an annual dividend yield of 2.44%, which is a quarterly dividend ...