Barclays initiated coverage of Microchip with a rating of Equal Weight and set a new price target of $80.00

BofA Securities upgraded Microchip from Neutral to Buy and set a new price target of $95.00

BNP Paribas Exane upgraded Microchip from Neutral to Outperform and set a new price target of $90.00

Cantor Fitzgerald upgraded Microchip from Neutral to Overweight and set a new price target of $85.00

Needham reiterated coverage of Microchip with a rating of Buy and set a new price target of $75.00 from $73.00 previously

TD Cowen reiterated coverage of Microchip with a rating of Hold and set a new price target of $60.00 from $65.00 previously

Wells Fargo initiated coverage of Microchip with a rating of Equal Weight and set a new price target of $60.00

TD Cowen reiterated coverage of Microchip with a rating of Hold and set a new price target of $60.00 from $75.00 previously

Goldman initiated coverage of Microchip with a rating of Buy and set a new price target of $88.00

Cantor Fitzgerald initiated coverage of Microchip with a rating of Neutral and set a new price target of $70.00

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4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)

4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)

4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)

4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)

CHANDLER, Ariz., March 19, 2026 (GLOBE NEWSWIRE) -- Microchip Technology (NASDAQ:MCHP) today announces its BZPACK mSiC® power modules, designed to meet stringent High Humidity High Voltage High Temperature Reverse Bias (HV‑H3TRB) standards. The BZPACK modules can deliver exceptional reliability, streamline manufacturing and offer versatile system‑integration options for the most demanding power‑conversion environments. Available in a wide range of topologies, including half-bridge, full-bridge, three-phase and PIM/CIB configurations, providing designers with the flexibility to optimize for performance, cost and system architecture. Tested to meet HV-H3TRB standards that exceed the 1,000-h

CHANDLER, Ariz., March 17, 2026 (GLOBE NEWSWIRE) -- Mythic has chosen memBrain™ neuromorphic hardware intellectual property (IP) from Microchip Technology's (NASDAQ:MCHP) Silicon Storage Technology® (SST®) subsidiary for its next-generation edge to enterprise Analog Processing Units (APUs). Mythic will utilize SST's SuperFlash embedded non-volatile memory (eNVM) bitcells to deliver high levels of analog compute-in-memory (aCIM) performance per watt. The partnership enables Mythic to achieve 120 TOPS/watt inference processing for power-efficient AI acceleration at the edge and in the data center: Mythic's APUs are targeted to be up to 100 times more energy-efficient than conventional digita

CHANDLER, Ariz., March 10, 2026 (GLOBE NEWSWIRE) -- As cybersecurity regulations tighten worldwide, product manufacturers must embed security from the outset to meet compliance. To help developers address emerging requirements such as the EU Cyber Resilience Act (CRA), industrial and automotive cybersecurity standards, Microchip Technology (NASDAQ:MCHP) has expanded its Trust Platform with the TA101 TrustFLEX secure authentication integrated circuit (IC) and the TA101 TrustMANAGER with keySTREAM® service from Kudelski Labs. Designed for products subject to CRA legislation as well as developers building software-defined vehicle (SDV) architectures, TA101 Trust Platform devices support mult

CHANDLER, Ariz., March 09, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Cantor Global Technology & Industrial Growth Conference on Tuesday March 10, 2026 at 1:10 p.m. (Eastern Time). Presenting for the Company will be Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer, and Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by Cantor, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentation

CHANDLER, Ariz., March 05, 2026 (GLOBE NEWSWIRE) -- Microchip Technology (NASDAQ:MCHP) today announces the LX4580, a 24‑channel mixed‑signal IC designed to streamline high‑reliability actuation control systems for aviation and defense applications. The LX4580 is highly integrated and replaces multiple discrete components with a single device that supports synchronized data acquisition, fault monitoring and motor control—reducing system size, weight and complexity. The LX4580 is offered in a compact 144‑pin LQFP package and developed for applications including More Electric Aircraft (MEA), guided defense systems, drones and launch platforms. The LX4580 integrates pressure sensing, temperat

CHANDLER, Ariz., March 03, 2026 (GLOBE NEWSWIRE) -- Microchip Technology (NASDAQ:MCHP) today announces that registration is now open for its MASTERs Conference in North America, a premier technical training event for embedded design engineers. In its 26th year, the MASTERs Conference is taking place at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona, from August 10-13, 2026. MASTERs is an acronym for "Microchip Annual Strategic Technical Exchange and Review" and offers exceptional peer-to-peer technical training taught by the company's deep bench of subject-matter experts. Engineers at all levels of experience will have access to over 90 in-depth technical sessions, from fou

CHANDLER, Ariz., Feb. 27, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Raymond James Institutional Investors Conference on Monday, March 2, 2026 at 1:05 p.m. (Eastern Time). Presenting for the Company will be Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by Raymond James, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the C

CHANDLER, Ariz., Feb. 27, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday March 3, 2026 at 1:05 p.m. (Pacific Time). Presenting for the Company will be Mr. Richard Simoncic, Chief Operating Officer, and Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by Morgan Stanley, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the present

CHANDLER, Ariz., Feb. 10, 2026 (GLOBE NEWSWIRE) -- A major next step for artificial intelligence (AI) and machine learning (ML) innovation is moving ML models from the cloud to the edge for real-time inferencing and decision-making applications in today's industrial, automotive, data center and consumer Internet of Things (IoT) networks. Microchip Technology (NASDAQ:MCHP) has extended its edge AI offering with full-stack solutions that streamline development of production-ready applications using its microcontrollers (MCUs) and microprocessors (MPUs) – the devices that are located closest to the many sensors at the edge that gather sensor data, control motors, trigger alarms and actuators,

CHANDLER, Ariz., Feb. 10, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced the pricing of $800 million aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering was increased from the previously announced $600 million in aggregate principal amount. Microchip also granted the initial purchasers of the notes an option to purchas

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CHANDLER, Ariz., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Governments across the globe are requesting critical infrastructure operators to adopt additional time sources alongside GNSS to enhance resilience and reliability, ensuring uninterrupted operations in the face of potential disruptions or service limitations. Microchip Technology (NASDAQ:MCHP) today announces the release of the TimeProvider® 4500 v3 grandmaster clock (TP4500) designed to deliver sub-nanosecond accuracy for time distribution across 800 km long-haul optical transmission. This innovative solution provides critical infrastructure operators with the missing link the industry has been waiting for in terms of complementary Posit

CHANDLER, Ariz., May 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Rick Cassidy, Senior Vice President of Corporate Strategy Development at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Chairman of TSMC Arizona, will join the Board of Directors of Microchip effective May 2, 2025. Regarding Mr. Cassidy's appointment to the board, Microchip's President and CEO, Steve Sanghi, said, "We are thrilled to welcome Rick Cassidy to Microchip's Board of Directors. During his nearly three decades at TSMC, Rick has held significant leadership roles which include

CHANDLER, Ariz., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Victor Peng, former President of Advanced Micro Devices, Inc. (AMD), will join the Board of Directors of Microchip effective February10, 2024. Regarding Mr. Peng's appointment to the board, Microchip's President and CEO, Steve Sanghi, said, "Victor most recently served as the President of AMD, a publicly held company that designs and manufactures hardware for high-performance computing. Prior to that, he served Xilinx for 14 years, most recently holding roles of president, CEO, board member. With over 40

CHANDLER, Ariz., June 03, 2024 (GLOBE NEWSWIRE) -- Critical infrastructure communication networks require highly accurate and resilient synchronization and timing, but over time these systems age out and must be migrated to a more modern architecture. Microchip Technology (NASDAQ:MCHP) today announces the new TimeProvider® XT Extension System, a fan-out shelf used with redundant TimeProvider 4100 grandmasters to migrate legacy BITS/SSU equipment to a modular and resilient architecture. The TimeProvider XT provides operators with a clear path to replace existing SONET/SDH frequency synchronization equipment while adding timing and phase, essential for 5G networks. As an accessory device to

Cohu, Inc. (NASDAQ:COHU), a global leader in equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that Karen M. Rapp has been appointed to the Cohu Board of Directors, effective today. Ms. Rapp brings to Cohu's Board of Directors extensive experience in corporate development, financial management, information technology and public company governance. After serving for six years as Executive Vice President and Chief Financial Officer, Ms. Rapp retired in May 2023 from National Instruments Corp., a leading test and measurement instrument and software company. Previously, she was Senior Vice President of Corporate Development at NXP Semiconduc

CHANDLER, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Inc. (NASDAQ:MCHP) today announces the completed acquisition of Seoul, Korea-based VSI Co. Ltd., an industry pioneer in providing high-speed, asymmetric, camera, sensor and display connectivity technologies and products based on the Automotive SerDes Alliance (ASA) open standard for in-vehicle networking (IVN). The terms of the transaction are not disclosed.  The market size of automotive radar, camera and LiDAR modules is expected to grow by greater than two times between 2022 to 2028 to $27B in revenue, according to Yole Group1. This anticipated growth is driven by the increased adoption of Advanced Driver Assistan

CHANDLER, Ariz., April 02, 2024 (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 appointed Rich Simoncic as Chief Operating Officer effective today. In this position, Mr. Simoncic will report to Ganesh Moorthy, who will remain President and CEO. Rich Simoncic joined Microchip as a new college graduate in 1989 and has had progressively increasing product development, operational and business unit responsibilities. He founded the analog business at Microchip in 1998 and has been instrumental in building it to a more than $2 billion annual reve

CHANDLER, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The operators of critical infrastructure market segments such as 5G telecommunications, power utilities and transportation need to continuously upgrade their networks with technology capable of delivering higher processing speeds and highly accurate time sources that are not dependent on the Global Navigation Satellite System (GNSS) constellations like GPS, GALILEO and QZSS. To provide network operators a terrestrial alternative for distributing very accurate time, Microchip Technology (NASDAQ:MCHP) today announces the new TimeProvider® 4500 grandmaster, a hardware timekeeping platform that provides high-speed network interfaces up to 25 G

CHANDLER, Ariz., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Industrial and consumer application designers must consider implementing security functionality in their devices during the development process as security threats evolve and become more sophisticated. To allow designers to easily integrate security into their applications, Microchip Technology (NASDAQ:MCHP) today announces a new family of PIC32CZ CA 32-bit microcontrollers with a 300 MHz Arm Cortex-M7 processor, an integrated Hardware Security Module (HSM), and a wide range of connectivity and Flash memory options for added flexibility. The new family of PIC32CZ CA devices includes the PIC32CZ CA90 with a HSM or the PIC32CZ CA80 without

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Net sales of $1.186 billion, increased 4.0% sequentially and up 15.6% from the year ago quarter. Our updated guidance provided on January 5, 2026 was net sales of $1.185 billion.On a GAAP basis: gross profit of 59.6%; operating income of $151.7 million and 12.8% of net sales; net income attributable to common stockholders of $34.9 million; and EPS of $0.06 per diluted share. Our updated guidance provided on December 2, 2025 was GAAP EPS of $0.02 per diluted share.On a Non-GAAP basis: gross profit of 60.5%; operating income of $337.8 million and 28.5% of net sales; net income of $252.8 million; and EPS of $0.44 per diluted share. Our updated guidance provided on December 2, 2025 was Non-GAAP

CHANDLER, Ariz., Feb. 05, 2026 (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 declared a quarterly cash dividend on its common stock of 45.5 cents per share. The dividend is payable on March 10, 2026, to stockholders of record on February 23, 2026. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. About Microchip: Microchip Technology Inc. is a broadline supplier of semiconductors committed to making innovative design easier through total system solutions that address critical challenges at the inte

CHANDLER, Ariz., Jan. 05, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today commented that it expects its net sales for third quarter of fiscal 2026 ended December 31, 2025 to be about $1,185 million, well above its original guidance of $1,109 million to $1,149 million provided on November 6, 2025, and its subsequent revised guidance provided on December 2, 2025 of net sales being on the high end of its original guidance. Steve Sanghi, Microchip's CEO and President, commented, "We continue to experience a fairly broad-based recovery in most of our end markets driven by progress w

CHANDLER, Ariz., Dec. 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today updated the range of its prior guidance for net sales and GAAP and non-GAAP earnings per share for its third quarter of fiscal 2026 ending December 31, 2025. Microchip now expects its net sales and earnings per diluted share to be at the high end of its previously provided guidance, representing sequential growth of roughly 1% that exceeds the midpoint of our prior guidance which anticipated a sequential decline in net sales. Our revised December 2025 quarter revenue guidance would represent 12% year-over-

Net sales of $1.140 billion, increased 6.0% sequentially and declined 2.0% from the year ago quarter. The midpoint of our guidance provided on August 7, 2025 was net sales of $1.130 billion.On a GAAP basis: gross profit of 55.9%; operating income of $88.9 million and 7.8% of net sales; net income attributable to common stockholders of $13.9 million; and EPS of $0.03 per diluted share. Our guidance provided on August 7, 2025 was for GAAP EPS loss per diluted share of $0.04 to $0.01.On a Non-GAAP basis: gross profit of 56.7%; operating income of $277.2 million and 24.3% of net sales; net income of $199.1 million; and EPS of $0.35 per diluted share. Our guidance provided on August 7, 2025 was f

CHANDLER, Ariz., Nov. 06, 2025 (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 declared a quarterly cash dividend on its common stock of 45.5 cents per share. The dividend is payable on December 9, 2025, to stockholders of record on November 24, 2025. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. About Microchip: Microchip Technology Inc. is a broadline supplier of semiconductors committed to making innovative design easier through total system solutions that address critical challenges at the in

For the quarter ended June 30, 2025 Net sales of $1.0755 billion, increased 10.8% sequentially and declined 13.4% from the year ago quarter.  The midpoint of our updated guidance provided on May 29, 2025 was net sales of $1.0575 billion.On a GAAP basis: gross profit of 53.6%; operating income of $32.1 million and 3.0% of net sales; net loss attributable to common stockholders of $46.4 million; and loss of $0.09 per diluted share. Our updated guidance provided on May 29, 2025 was for GAAP EPS loss per diluted share of $0.11 to $0.07.On a Non-GAAP basis: gross profit of 54.3%; operating income of $222.3 million and 20.7% of net sales; net income of $154.7 million; and EPS of $0.27 per diluted

CHANDLER, Ariz., Aug. 07, 2025 (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 declared a quarterly cash dividend on its common stock of 45.5 cents per share. The dividend is payable on September 5, 2025, to stockholders of record on August 22, 2025. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. About Microchip: Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio en

CHANDLER, Ariz., May 29, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today updated the range of its prior guidance for net Sales and GAAP and non-GAAP earnings per share for its fiscal first quarter of 2026 ending June 30, 2025. Microchip now expects consolidated net sales for the June quarter to be between $1.045 billion and $1.070 billion. Microchip previously provided guidance on May 8, 2025 of consolidated net sales to be between $1.025 billion and $1.070 billion. GAAP loss per share is now expected to be between $(0.11) and $(0.07), and non-GAAP earnings per share is now expected to be betwe

For the quarter ended March 31, 2025 Net sales of $970.5 million, declined 5.4% sequentially and 26.8% from the year ago quarter.  The midpoint of our guidance provided on February 6, 2025 was net sales of $960.0 million.On a GAAP basis: gross profit of 51.6%; operating loss of $100.3 million and 10.3% of net sales; net loss attributable to common stockholders of $156.8 million; and loss of $0.29 per diluted share. Our guidance provided on February 6, 2025 was for GAAP loss per diluted share of $0.24 to $0.14 and did not include the restructuring charges that we announced on March 3, 2025 or the preferred stock dividend related to our mandatory convertible preferred stock financing in March