MCHP News and Press, Microchip Technology Incorporated From 02/12/24

2024-02-12 12:42:48 ET Summary Revenue declined to $1.77B in the quarter, a 22.8% drop from the peak. Guidance anticipates revenue declining even more to $1.33B next quarter, a 42.1% decline from peak. Management was unable to provide guidance on when the downturn will moderate or...

2024-02-11 07:40:00 ET Summary The story of the year was the glaring concentration of returns in the Magnificent Seven, as the press has dubbed them. The broader story for the stock market in 2023 was that bigger was better across the board, keeping with much of the past decade, b...

2024-02-09 08:00:43 ET More on Intel Intel: Buy The Dip After Earnings, Tailwinds Expected In 2024 Intel Fair Prices Are Still Disappointing, Reiterating Sell Rating Intel: I Think It's Time To Dump This Chip Giant (Rating Downgrade) Japan plans to provide $3...

CHANDLER, Ariz., Feb. 08, 2024 (GLOBE NEWSWIRE) -- As everything from infotainment to engine systems in the automotive industry becomes more dependent on wireless and in-vehicle network connectivity, the need for robust cybersecurity measures has increased. The ISO/SAE 21434 standard has emerged ...

2024-02-08 02:19:39 ET Summary I recommended as a hold due to uncertainty in the timing of a near-term recovery. Microchip's primary products are microcontrollers and analog products, with MCU representing 56.4% of revenue. MCHP reported a 22% sequential decline in revenue and...

2024-02-06 11:01:24 ET Summary Microchip's stock has been fluctuating between $70.5 and $94 due to uncertain market conditions for chip producers specializing in automotive and industrials. The company has implemented cost control measures and its hybrid manufacturing approach gen...

2024-02-06 06:00:51 ET Summary Microchip has a complete portfolio of semiconductors, from the Microcontroller and analog to the FPGA, providing a one-stop-shop solution for its customers. After key but expensive acquisitions, the company finally completed its deleveraging process....

2024-02-06 01:46:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2024-02-05 20:35:02 ET Summary The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF, with a few minor twists. The portfolio returned -2.01% in January, underperforming the S&P 500 by 3.69%. Since...

2024-02-05 10:51:53 ET More on Micron Micron: Immense Bullish Support Embedded Here - Minimal Margin Of Safety Micron Is A Buy Going Into 2024 Micron May Be Authoring One Of The Best Upcycles In History Netlist jumps as trial in Micron patent lawsuit cancelle...