STOCK TITAN

Microchip Technology Inc - MCHP STOCK NEWS

Welcome to our dedicated page for Microchip Technology news (Ticker: MCHP), a resource for investors and traders seeking the latest updates and insights on Microchip Technology stock.

Microchip Technology Inc. (NASDAQ: MCHP) is a renowned provider of microcontroller, mixed-signal, analog, and Flash-IP solutions. Founded in 1989 and headquartered in Chandler, Arizona, Microchip offers innovative products that facilitate low-risk product development, minimize total system costs, and accelerate time-to-market for a wide range of applications. The company serves over 70,000 customers across industries such as consumer electronics, automotive, office automation, communications, and industrial control in more than 65 countries.

Microchip’s extensive product portfolio includes microcontrollers (MCUs) which account for a significant portion of its revenue. These MCUs are integral to a variety of devices ranging from remote controls and garage door openers to automotive power windows. While the company has a strong foothold in lower-end 8-bit MCUs, it has also expanded into high-end MCUs and analog chip markets.

In recent developments, Microchip introduced the ATMXT2952TD 2.0 family of touch controllers. These are designed to offer cryptographic authentication and data encryption to enhance the security of touch-enabled human-machine interface (HMI) and radio frequency identification (RFID) systems. These controllers are particularly beneficial for outdoor payment terminals like EV chargers and parking meters, providing secure and resilient solutions resistant to harsh weather conditions and vandalism.

Another noteworthy innovation is the PolarFire SoC FPGAs, which cater to the aerospace and defense sectors. These FPGAs combine the flexibility of real-time operating systems with the robustness required for space applications, ensuring reliable performance in harsh radiation environments.

Financially, Microchip reported net sales of $1.326 billion for Q4 of fiscal 2024, reflecting a 40.6% decrease from the previous year. Despite challenges, the company maintained a non-GAAP operating margin of 43.9% and returned $1.89 billion to shareholders through dividends and buybacks. Microchip anticipates a demand stabilization and a return to sequential revenue growth in the second half of 2024, driven by ongoing innovation and strategic initiatives.

Microchip continues to host its renowned MASTERs Conference, an annual event that offers advanced technical training for engineers. This year’s conference featured sessions on embedded control, development tools, and security solutions, highlighting Microchip’s commitment to technological advancement and community engagement.

For more information, visit Microchip Technology Inc.

Rhea-AI Summary

Microchip Technology has expanded its SA50-120 power converter family with nine new units suitable for space applications. Utilizing qualified 100V and 120V bus systems, these radiation-hardened converters minimize development risks and costs. They support 56W output, with the highest efficiency in its class at 87%. The technology is vital for increasing system performance and reliability, featuring a Mean Time Between Failure of eight million hours. Microchip aims to bolster its 30-year legacy in space technology, affirming ongoing investments in critical spaceflight technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
none
-
Rhea-AI Summary

Microchip Technology Incorporated (NASDAQ: MCHP) has issued a statement regarding an unsolicited mini-tender offer from TRC Capital Investment Corp., which seeks to purchase up to 1 million shares at $152.00 each. This price is approximately 4.73% lower than the share price on February 12, 2021, and 6.38% below that of February 19, 2021. Microchip does not endorse this offer and advises shareholders to reject it, emphasizing that the offer is below market value and lacks SEC protections due to its size.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
Tags
none
-
Rhea-AI Summary

Microchip Technology has launched the MCP6C02, a high-side current sense amplifier with the lowest offset for AEC-Q100 Grade 0 devices. Designed for automotive and industrial applications, it ensures accurate current measurements even in extreme temperatures (ranging from -40°C to +150°C). The MCP6C02, available in SOT-23 and VDFN packages, has a maximum offset error of 12 µV. With added features like an on-chip EMI filter and zero-drift architecture, it reduces noise interference and enhances measurement accuracy. Prices start at $0.98 for volume orders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
none
Rhea-AI Summary

Microchip Technology will present at the Goldman Sachs Technology and Internet Conference 2021 on February 10, 2021, at 3:40 p.m. ET. Presenters include Steve Sanghi, CEO, and Eric Bjornholt, CFO. A live webcast will be available on the company’s website.

The company is a prominent provider of smart, connected, and secure embedded control solutions across various markets, including industrial, automotive, and defense. With over 120,000 customers, Microchip emphasizes reducing risks and costs while accelerating time to market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
conferences
-
Rhea-AI Summary

Microchip Technology Inc. has launched the LAN9360, the first hardware-based audio endpoint solution for AVB. This single-chip Ethernet controller simplifies infotainment system development by eliminating the need for third-party software integration, reducing development time. The LAN9360 connects various infotainment devices using Ethernet AVB and supports audio transmission with industry-standard compliance, enhancing reliability. This product expands Microchip's Ethernet portfolio, catering to automotive developers' unique networking requirements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
-
Rhea-AI Summary

Microchip Technology has declared a quarterly cash dividend of 39 cents per share, payable on March 8, 2021, to stockholders of record as of February 22, 2021. This marks a 5.8% increase in the dividend, reflecting the company's strong financial performance in the December 2020 quarter, significant cash generation, and ongoing debt reduction efforts. Since initiating dividend payments in 2003, Microchip has increased its dividend 66 times, demonstrating a commitment to returning value to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
dividends
Rhea-AI Summary

Microchip Technology reported net sales of $1.35 billion for the December quarter, reflecting a 5.0% year-over-year increase and a 3.3% sequential growth. The company achieved a record GAAP gross margin of 62.6% and a non-GAAP gross margin of 63.0%. However, GAAP net income dropped to $36.2 million or $0.13 per diluted share, significantly impacted by a $142.1 million loss on debt settlement. Non-GAAP net income rose to $444.9 million, or $1.62 per diluted share. A dividend of 39 cents per share was declared, up 5.8%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
-
Rhea-AI Summary

Microchip Technology Inc. (Nasdaq: MCHP) launched its SparX-5i family of Ethernet switches, designed to optimize industrial automation networks by easing connectivity and lowering costs. These switches support key Time Sensitive Networking (TSN) IEEE standards, enabling real-time communication with low latency. The family offers up to 200G bandwidth and various interface options from 100M to 25GbE. Additionally, Microchip provides development tools, including the VSC6817SDK for efficient implementation, to support its managed Ethernet switch devices.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
none
-
Rhea-AI Summary

Microchip (Nasdaq: MCHP) has launched its Smart Storage platform featuring PCIe Gen 4 x16 CPU interfaces and support for NVMe SSDs and 24G SAS infrastructure. The SmartROC 3200 and SmartIOC 2200 controllers offer 3x higher performance compared to competitors, with support for up to 32 lanes of connectivity and 8 GB of on-board cache. These products ensure security through Trusted Platform support and optimized management tools. Available in volume production, this platform aims to meet the growing demands of modern data centers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
Rhea-AI Summary

Microchip Technology will present at the Needham & Company 23rd Annual Growth Conference on January 12, 2021, at 11:30 a.m. Eastern Time. The presentation will feature Ganesh Moorthy, President and COO, and Eric Bjornholt, Senior VP and CFO. A live webcast will be accessible via the Microchip website.

Please note that any forward-looking statements during the event are subject to risks as detailed in the Company's SEC filings, available on the SEC website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
conferences

FAQ

What is the current stock price of Microchip Technology (MCHP)?

The current stock price of Microchip Technology (MCHP) is $55.51 as of December 20, 2024.

What is the market cap of Microchip Technology (MCHP)?

The market cap of Microchip Technology (MCHP) is approximately 30.1B.

What products does Microchip Technology provide?

Microchip Technology offers microcontrollers, mixed-signal, analog, and Flash-IP solutions.

When was Microchip Technology founded?

Microchip Technology became an independent company in 1989.

What industries does Microchip Technology serve?

Microchip serves industries such as consumer electronics, automotive, office automation, communications, and industrial control.

What are some recent innovations by Microchip Technology?

Recent innovations include the ATMXT2952TD 2.0 touch controllers and PolarFire SoC FPGAs.

Where is Microchip Technology headquartered?

Microchip Technology is headquartered in Chandler, Arizona.

How did Microchip Technology perform financially in FY2024?

Net sales were $1.326 billion for Q4 FY2024, with a 40.6% year-over-year decrease.

What is the MASTERs Conference?

The MASTERs Conference is an annual event hosted by Microchip that offers technical training for engineers.

How does Microchip support outdoor payment terminals?

Microchip provides secure touch controller solutions resistant to harsh weather and vandalism for outdoor payment terminals.

What is the significance of the PolarFire SoC FPGAs?

The PolarFire SoC FPGAs are designed for space and defense applications, providing flexibility and reliability in harsh environments.

How can investors obtain more information about Microchip Technology?

Investors can visit the Microchip Technology website at www.microchip.com for more information.

Microchip Technology Inc

Nasdaq:MCHP

MCHP Rankings

MCHP Stock Data

30.11B
525.70M
2.11%
97.74%
5.73%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
CHANDLER