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Microchip Technology Incorporated (MCHP) Q3 2021 Earnings Conference Call February 4, 2021 5:00 P.M. ET Company Participants Eric Bjornholt - Chief Financial Officer Ganesh Moorthy - President and Chief Operating Officer Steve Sanghi - Chairman and Chief Executive Officer Conference Call Part...
Microchip (MCHP) shares gain 2.9% after the fiscal Q3 report beats profit estimates with $1.62 adjusted EPS versus the $1.58 consensus. Net sales were up 5% Y/Y to $1.35B.Adjusted gross margin was 63% vs. the 62.6% estimate and 61.5% in last year's quarter. Operating margi...
Microchip Technology (MCHP): FQ3 Non-GAAP EPS of $1.62 beats by $0.04; GAAP EPS of $0.13 misses by $0.36.Revenue of $1.35B (+4.7% Y/Y) in-line.Q3 adjusted gross margin of 63.0% vs. a consensus of 62.5%.Cash flow from operations of $509.7M.Paid down $289.7M of debt in the Dec. 2020 quarter. Cu...
Microchip Technology (MCHP) declares $0.39/share quarterly dividend, 5.8% increase from prior dividend of $0.37.Forward yield 1.08%Payable March 8; for shareholders of record Feb. 22; ex-div Feb. 19.See MCHP Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: ...
CHANDLER, Ariz., Feb. 04, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock ...
Net sales of $1.35 billion, up 3.3% sequentially and up 5.0% from the year ago quarter. The midpoint of our guidance provided on November 5, 2020 was net sales of $1.34 billion. On a GAAP basis: record gross margin of 62.6%; operating income of $245.6 million; net income of $3...
The Philadelphia Semiconductor Index (SOXX) is trading up a slight 0.3% compared to the 1.2% gain for the broader tech sector (XLK).Leading the decliners is Qualcomm, which reported a FQ1 revenue miss yesterday and was downgraded by Citi this morning, saying the 5G upside is 'likely...
Despite expecting the business to remain "this good for a while," Vertical Group downgrades Microchip Technologies (MCHP) from Buy to Neutral with a $150 price target, a 4% upside.Analyst Jon Lopez struggles to find a significant upside from here. Microchip shares have advanced near...
Microchip’s SparX-5i family of Ethernet switches enables increased connectivity and network optimization while lowering costs for industrial automation networks CHANDLER, Ariz., Feb. 03, 2021 (GLOBE NEWSWIRE) -- With the support of Time Sensitive Networking (TSN), Ether...
CHANDLER, Ariz., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Applications such as data analytics, autonomous-driving and medical diagnostics are driving extraordinary demands for machine learning and hyperscale compute infrastructure. To meet these demands, Microchip Technology Inc. (Nasdaq: MCHP) ...
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2024-07-10 17:15:02 ET Morgan Stanley analyst issues EQUAL-WEIGHT recommendation for MCHP on July 10, 2024 04:10PM ET. MCHP was trading at $95.98 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analyst recommendations are : 1 - Strong...
CHANDLER, Ariz., July 09, 2024 (GLOBE NEWSWIRE) -- The world has changed dramatically in the two decades since the debut of what was then considered a trail-blazing space-grade processor used in NASA missions such as the comet-chasing Deep Impact spacecraft and Mars Curiosity rover vehicle. A rep...
CHANDLER, Ariz., July 09, 2024 (GLOBE NEWSWIRE) -- Real-time, compute intensive applications such as smart embedded vision and Machine Learning (ML) are pushing the boundaries of embedded processing requirements, demanding more power-efficiency, hardware-level security and high reliability at the...