Date | Price Target | Rating | Analyst |
---|---|---|---|
9/23/2024 | $89.00 → $80.00 | Buy → Hold | Truist |
8/16/2024 | $90.00 → $100.00 | Neutral → Overweight | Piper Sandler |
8/2/2024 | $90.00 → $80.00 | Hold | TD Cowen |
8/2/2024 | $110.00 → $90.00 | Buy → Neutral | BofA Securities |
7/11/2024 | $102.00 → $100.00 | Overweight → Equal-Weight | Morgan Stanley |
5/24/2024 | $85.00 → $115.00 | Neutral → Buy | Mizuho |
5/13/2024 | $100.00 → $115.00 | Buy | Jefferies |
5/7/2024 | $80.00 → $90.00 | Hold | TD Cowen |
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
8-K - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
8-K - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
DEFA14A - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
Truist downgraded Microchip from Buy to Hold and set a new price target of $80.00 from $89.00 previously
Piper Sandler upgraded Microchip from Neutral to Overweight and set a new price target of $100.00 from $90.00 previously
TD Cowen reiterated coverage of Microchip with a rating of Hold and set a new price target of $80.00 from $90.00 previously
CHANDLER, Ariz., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Mission-critical applications like radar and test and measurement require specialized components with precise frequency control and ultra-low phase noise to enhance signal clarity, stability and overall system performance. To provide the aerospace and defense market with specialized technology for generating precise signals and frequencies, Microchip Technology (NASDAQ:MCHP) today announces its new 101765 family of Voltage-Controlled SAW Oscillators (VCSOs) designed to deliver ultra-low phase noise and operate at 320 MHz and 400 MHz. The 101765-320-A VCSO delivers ultra-low phase noise performance of 166 dBc at 10 kHz offset and a 182 dB
CHANDLER, Ariz., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Designers are incorporating Graphical User Interfaces, or GUIs, into more electronic devices to enhance the user experience by providing intuitive and visually appealing interactions with today's modern applications. To support embedded developers with their designs, Microchip Technology (NASDAQ:MCHP) today announces Microchip Graphics Suite (MGS), an easy-to-learn, comprehensive solution that simplifies the process of incorporating GUIs, animations and images into a touchscreen display. Developing a GUI can be a complex and lengthy process, requiring significant time and resources to debug and integrate code from various tools. MGS is
CHANDLER, Ariz., Sept. 10, 2024 (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 Goldman Sachs Communacopia + Technology Conference on Wednesday, September 11, 2024 at 1:45 p.m. (Pacific 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 Goldman, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentati
Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years by 1.12% on an annualized basis producing an average annual return of 9.37%. Currently, Microchip Technology has a market capitalization of $48.04 billion. Buying $1000 In MCHP: If an investor had bought $1000 of MCHP stock 20 years ago, it would be worth $6,042.80 today based on a price of $89.55 for MCHP at the time of writing. Microchip Technology's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzi
Cantor Fitzgerald analyst C J Muse reiterated NXP Semiconductors (NASDAQ:NXPI) with an Overweight and a $350 price target. On Monday, NXP Semiconductors reported second-quarter revenue decreased 5% year-over-year to $3.127 billion, beating analyst consensus estimates of $3.125 billion. The company reported adjusted EPS of $3.20, lagging the analyst consensus estimates of $3.21. NXP Semiconductors expects third-quarter revenue of $3.15 billion—$3.35 billion, compared to consensus estimates of $3.35 billion. The company projects third-quarter adjusted EPS of $3.21 – $3.63, compared to analyst estimates of $3.56. Muse acknowledged the company’s worse-than-expected in-line second-quarte
Net sales of $1.241 billion, down 6.4% sequentially and down 45.8% from the year ago quarter. The midpoint of our guidance provided on May 6, 2024 was net sales of $1,240 billion.On a GAAP basis: gross profit of 59.4%; operating income of $219.1 million and 17.7% of net sales; net income of $129.3 million; and EPS of $0.24 per diluted share. Our guidance provided on May 6, 2024 was for GAAP EPS of $0.19 to $0.24 per diluted share. On a Non-GAAP basis: gross profit of 59.9%; operating income of $390.5 million and 31.5% of net sales; net income of $289.9 million; and EPS of $0.53 per diluted share. Our guidance provided on May 6, 2024 was for Non-GAAP EPS of $0.48 to $0.56 per diluted share.Re
CHANDLER, Ariz., Aug. 01, 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 declared a quarterly cash dividend on its common stock of 45.4 cents per share. The dividend is payable on September 5, 2024, to stockholders of record on August 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 82 times since its inception. "Microchip's financial performance in the June 2024 quarter met our expectations as customers continued to carefully manage their inventory level
For the quarter ended March 31, 2024 Net sales of $1.326 billion, down 24.9% sequentially and down 40.6% from the year ago quarter. Our guidance provided on February 1, 2024 was for net sales to be down 25% sequentially.On a GAAP basis: gross profit of 59.6%; operating income of $253.5 million and 19.1% of net sales; net income of $154.7 million; and EPS of $0.28 per diluted share. Our guidance provided on February 1, 2024 was for GAAP EPS of $0.13 to $0.32 per diluted share. On a Non-GAAP basis: gross profit of 60.3%; operating income of $436.0 million and 32.9% of net sales; net income of $310.3 million and EPS of $0.57 per diluted share. Our guidance provided on February 1, 2024 was fo
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
SC 13G/A - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)
SC 13G/A - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)
SC 13G/A - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)