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Record net sales of $1.569 billion, up 7.0% sequentially and up 19.8% from the year ago quarter. The midpoint of our guidance provided on May 6, 2021 was net sales of $1.548 billion. On a GAAP basis: record gross margin of 64.2%; record operating income of $368.8 million; net ...
CHANDLER, Ariz., Aug. 03, 2021 (GLOBE NEWSWIRE) -- In the race to reduce aircraft emissions, developers increasingly are moving toward more efficient designs including electrical systems that replace today’s pneumatics and hydraulics powering everything from on-board alternators to a...
The Philadelphia Semiconductor Index is up 1.6%, outperforming the 0.3% gain for the broader tech sector (NYSEARCA:XLK) after chipmaker ON Semiconductor (NASDAQ:ON) reported strong earnings and an upside forecast despite the continuing supply chain constraints. MKM Partners not...
CHANDLER, Ariz., July 29, 2021 (GLOBE NEWSWIRE) -- 5G technology requires time sources to be synchronized throughout a packet-switched network ten times more accurately than 4G requirements. Microchip Technology Inc. (Nasdaq: MCHP) now makes it possible to achieve 5G performance with th...
CHANDLER, Ariz., July 27, 2021 (GLOBE NEWSWIRE) -- Today’s energy-efficient electric charging systems powering commercial vehicle propulsion, as well as auxiliary power systems, solar inverters, solid-state transformers and other transportation and industrial applications all rely on...
wellesenterprises/iStock Editorial via Getty Images Semiconductor bellwether Texas Instruments (TXN) reports second-quarter results that beat analyst estimates driven by strong demand in the industrial, automotive and personal electronics end markets. However, inline third-quarter guidance ha...
CHANDLER, Ariz., July 21, 2021 (GLOBE NEWSWIRE) -- Cloud service providers and server original equipment manufacturers (OEMs) designing storage platforms demand exceptional performance, flexibility and security for the next generation of data centers. Microchip Technology Inc . (N...
Microchip’s LAN867x family of Ethernet PHYs is the first to implement the IEEE ® 10BASE-T1S single-pair Ethernet technology standard for connecting devices in industrial networks CHANDLER, Ariz., July 20, 2021 (GLOBE NEWSWIRE) -- Smart manufacturing is driving effi...
Distillate Capital Partners was formed in 2017 and is based in Chicago, IL. The fund strategies use cash-flow-based measures of value and quality that are designed to avoid accounting distortions that we believe have rendered many traditional metrics less relevant in an increasingly asset...
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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...