Mizuho upgraded Microchip from Neutral to Buy and set a new price target of $115.00 from $85.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/24/2025 | $93.00 → $85.00 | Buy | B. Riley Securities |
| 12/16/2024 | $80.00 → $65.00 | Neutral → Underperform | BofA Securities |
| 11/6/2024 | $80.00 → $70.00 | Hold | TD Cowen |
| 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 |
8-K - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
FWP - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)
8-K - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
CHANDLER, Ariz., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Developers need ultra-clean timing devices for aerospace and defense applications where size, weight, and power (SWaP) constraints are critical. A Chip-Scale Atomic Clock (CSAC) is an essential reference for these systems, providing the necessary precise and stable timing where traditional atomic clocks are too large or power-hungry and where other satellite-based references may be compromised. Microchip Technology (NASDAQ:MCHP) today announces its second generation Low-Noise Chip-Scale Atomic Clock (LN-CSAC), model SA65-LN, in a lower profile height and designed to operate in a wider temperature range, enabling low phase noise and atomic
CHANDLER, Ariz., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Efficient management of high-bandwidth data transfer and seamless communication between multiple devices or subsystems are critical in automotive, industrial and data center applications, making PCIe® switches an indispensable solution. They provide scalability, reliability and low-latency connectivity, which are crucial for handling the demanding workloads of modern High-Performance Computing (HPC) systems. Microchip Technology (NASDAQ:MCHP) today announces sample availability of the new PCI100x family of Switchtec™ PCIe Gen 4.0 switches in variants to support packet switching and multi-host applications. The PCI1005 is a packet switch w
CHANDLER, Ariz., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Turnkey touch controllers are a fast and easy way to upgrade from mechanical buttons to modern touch buttons or displays. With the launch of its 12-button MTCH2120 touch controller, Microchip Technology (NASDAQ:MCHP) is providing designers with a straightforward pathway for implementing touch button capabilities on user interfaces. The low-power, water-tolerant turnkey touch device is integrated with Microchip's unified ecosystem, allowing for an easier design process and facilitating transitions between other turnkey solutions and MCU-based touch implementations. The MTCH2120 is the first of what will be a family of I2C-based touch contro
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4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
B. Riley Securities reiterated coverage of Microchip with a rating of Buy and set a new price target of $85.00 from $93.00 previously
BofA Securities downgraded Microchip from Neutral to Underperform and set a new price target of $65.00 from $80.00 previously
TD Cowen reiterated coverage of Microchip with a rating of Hold and set a new price target of $70.00 from $80.00 previously
CHANDLER, Ariz., Nov. 05, 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 45.5 cents per share. The dividend is payable on December 6, 2024, to stockholders of record on November 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 83 times since then. About Microchip: Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use deve
Net sales of $1.164 billion, down 6.2% sequentially and down 48.4% from the year ago quarter. The midpoint of our guidance provided on August 1, 2024 was net sales of $1.150 billion.Revenue, gross profit and non-GAAP gross profit were positively impacted by a $13.3 million legal settlement. This settlement also positively impacted GAAP and non-GAAP EPS by $0.02 per diluted share.On a GAAP basis: gross profit of 57.4%; operating income of $146.6 million and 12.6% of net sales; net income of $78.4 million; and EPS of $0.14 per diluted share. Our guidance provided on August 1, 2024 was for GAAP EPS of $0.10 to $0.14 per diluted share. On a Non-GAAP basis: gross profit of 59.5%; operating income
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., 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