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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.

News

Microchip Technology Increases Quarterly Cash Dividend 25.7% Year-Over-Year to 45.0 Cents Per Share

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Microchip Technology Incorporated (MCHP) declared a quarterly cash dividend of 45.0 cents per share, payable on March 8, 2024, to stockholders of record on February 23, 2024. The company has increased its dividend 80 times since its inception and has a history of 86 consecutive quarters of dividend payments. Despite falling short of guidance in December 2023, the company's cash generation remained strong, leading to a year-over-year increase in the dividend of 25.7%. Microchip remains committed to returning 100% of its adjusted free cash flow to shareholders by the March 2025 quarter.
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Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024

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Microchip Technology Incorporated reported a 21.7% sequential decline in net sales to $1.766 billion, missing the November guidance due to weaker business conditions. The company's GAAP EPS was $0.77 per diluted share, below the projected range of $0.68 to $0.76, while Non-GAAP EPS came in at $1.08 per diluted share, lower than the expected $1.09 to $1.17. Microchip returned $352.0 million to shareholders through dividends and stock repurchases, paid down $392.0 million of debt, and declared a record quarterly dividend of 45.0 cents per share, up 25.7% from the previous year.
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The Next Evolutionary Step in Customizable Logic, Microchip Releases PIC16F13145 Family of MCUs

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Microchip Technology (Nasdaq: MCHP) has launched the PIC16F13145 family of microcontrollers (MCUs) with a new Core Independent Peripheral (CIP)—the Configurable Logic Block (CLB) module. This tailored hardware solution enables the creation of hardware-based, custom combinational logic functions directly within the MCU, eliminating the need for external logic components and reducing Bill of Materials (BOM) cost and power consumption. The CLB improves system latency, provides a low-power solution, and can make logical decisions while the CPU is in sleep mode. The MCUs also include a fast 10-bit Analog-to-Digital Converter (ADC), an 8-bit Digital-to-Analog (DAC) converter, fast comparators, and serial communication modules. The family is supported by the MPLAB Code Configurator (MCC) and is available starting at $.47 each in 10,000-unit quantities.
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Microchip Technology Announces Addition of Ellen Barker to Its Board Of Directors

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Microchip Technology Incorporated announced the appointment of Ellen Barker, former Senior Vice President and Chief Information Officer of Texas Instruments, to join the Board of Directors effective February 2, 2024. With over 35 years of industry experience, Ms. Barker brings expertise in operations, technology, finance, acquisition integration, and cybersecurity to Microchip. The company's Executive Chair, Steve Sanghi, expressed enthusiasm for Ms. Barker's appointment, highlighting her valuable knowledge of the semiconductor industry. Ellen Barker also serves on the advisory board of the Alliance of Technology and Women, a non-profit organization focusing on supporting girls and women in technology and increasing the number of women in leadership. Ms. Barker expressed her excitement to contribute to Microchip's strategy and results, emphasizing the company's broad technology product portfolio and strong business foundation based on culture and sustainability.
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Microchip Launches 10 Multi-Channel Remote Temperature Sensors

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Microchip Technology (Nasdaq: MCHP) has launched the MCP998x family of automotive-qualified remote temperature sensors, offering 10 devices with 1°C accuracy at a wide operational temperature range. These sensors integrate resistance error correction and beta compensation, reducing board complexity and size. The MCP998x family provides customers with a broad range of automotive multi-channel temperature sensors to choose from, with features designed for high temperature applications in automotive functions including HID lamps, ADAS, automotive servers, video processing, infotainment systems, engine control, telematics, and body electronics such as seat control, lighting systems, mirror control, and power windows.
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Next-Generation Family of Ethernet Switches Features Time Sensitive Networking and Scalable Port Bandwidths from 46 Gbps to 102 Gbps

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Microchip Technology announces its next-generation of LAN969x Ethernet switches with Time Sensitive Networking (TSN), scalable bandwidths from 46 Gbps to 102 Gbps and a powerful 1 GHz single-core Arm Cortex-A53 CPU. The LAN969x Ethernet switches are highly configurable with options of up to 30 ports, targeting secure and safety-critical applications where high-port-count 10M/100M/1G/2.5G/10G switching links are required. The devices are supported with the VSC6817SDK IStaX Linux application software package, enabling designers to quickly bring products to market. The LAN969x family is available with security add-ons such as secure boot and secure firmware execution based on the customer’s root-of-trust manufacturing process, providing security through Ternary Content Addressable Memory (TCAM)-based frame processing using a Versatile Content Aware Processor (VCAP), Arm Trusted Firmware methodology for fast secure boot, crypto libraries, and hardware security accelerators for boot and code encryption, and one-time programmable immutable key storage.
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Microchip Technology Provides Preliminary Fiscal Third Quarter Revenue Results and Announces Earnings Release Date

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Microchip Technology Inc. (MCHP) provided preliminary revenue results for the three months ended December 31, 2023. The weakening economic environment led to lower shipments and extended shutdowns for customers, resulting in a sequential revenue decline.
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Automate Installation Process with Press-Fit Terminal Power Modules for a Solder-Free Solution in High-Volume Manufacturing

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Microchip Technology (MCHP) introduces its SP1F and SP3F power modules with Press-Fit terminals for high-volume manufacturing in E-Mobility, sustainability, and data center markets. The solder-free solution simplifies and speeds up the assembly process, reducing manufacturing costs. The SP1F and SP3F power modules are highly configurable in SiC or Si technology, offering over 200 variants with a voltage range of 600V-1700V and up to 280A. The Press-Fit terminal option eliminates the need for wave soldering, providing a reliable mounting solution for automated or robotic assembly. Microchip's power modules are fully compliant with the RoHS directive.
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Microchip Technology to Present at the UBS Technology Conference

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Microchip Technology Incorporated (MCHP) will present at the UBS Technology Conference on November 28, 2023, at 9:35 a.m. Mr. Ganesh Moorthy, President and CEO, will represent the company. A live webcast of the presentation will be available on the company's website.
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Microchip Unveils New Standard of Enhanced Code Security With The PIC18-Q24 Family of MCUs

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Microchip Technology (MCHP) launches the PIC18-Q24 Family of Microcontrollers (MCUs) with enhanced security features including the Programming and Debugging Interface Disable (PDID) feature to protect firmware and data. The MCUs also feature Multi-Voltage I/O (MVIO) to interface with digital inputs or outputs at different operating voltages, reducing system costs and increasing flexibility.
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FAQ

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

The current stock price of Microchip Technology (MCHP) is $56.38 as of January 8, 2025.

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

The market cap of Microchip Technology (MCHP) is approximately 30.9B.

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.
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Microchip Technology Inc

Nasdaq:MCHP

MCHP Rankings

#390 Ranked by Market Cap
#1008 Ranked by Dividends

MCHP Stock Data

30.86B
525.70M
2.11%
97.56%
5.77%
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