Microchip dips on Q2 results as analysts highlight improving margins

2 hours ago 1
Microcontroller circuit board with infrared led light emitting diode electronic part closeup

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Microchip Technology (NASDAQ:MCHP) was down 4% during Friday market action following second quarter results that surpassed estimates and demonstrated improving gross margins.

Despite the share drop, analysts were impressed with the results, outlook and improving margins.

"Yesterday, Microchip posted good results

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