MCHP - Microchip Technology Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
68.20
-6.32 (-8.48%)
At close: 4:00PM EDT
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Previous Close74.52
Open71.44
Bid67.56 x 800
Ask68.24 x 1200
Day's Range67.95 - 71.94
52 Week Range53.15 - 112.47
Volume4,663,261
Avg. Volume4,122,454
Market Cap16.336B
Beta (5Y Monthly)1.36
PE Ratio (TTM)26.99
EPS (TTM)2.53
Earnings DateMay 04, 2020 - May 10, 2020
Forward Dividend & Yield1.47 (1.97%)
Ex-Dividend DateFeb 19, 2020
1y Target Est110.74
  • MICROCHIP TECHNOLOGY INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL:  Kahn Swick & Foti, LLC Investigates the Officers and Directors of Microchip Technology Incorporated - MCHP
    PR Newswire

    MICROCHIP TECHNOLOGY INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Microchip Technology Incorporated - MCHP

    Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Microchip Technology Incorporated (NasdaqGS: MCHP).

  • Moody's

    Microchip Technology Inc. -- Moody's affirms Ba1 CFR of Microchip; outlook stable

    Moody's Investors Service ("Moody's") affirmed the Ba1 corporate family rating and Baa3 senior secured rating of Microchip Technology Inc. ("Microchip") following the company's announcement that it has agreed to exchange $615 million in aggregate principal amount of senior unsecured convertible notes and fund the cash portion of the exchange with a $615 million, 364-day senior secured bridge term loan facility. Although the transaction is leverage neutral, Moody's views the transaction as credit negative since it increases near term maturities and results in an increase in the proportion of secured debt in the capital structure.

  • Microchip (MCHP) Catches Eye: Stock Jumps 9.8%
    Zacks

    Microchip (MCHP) Catches Eye: Stock Jumps 9.8%

    Microchip (MCHP) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.

  • MICROCHIP TECHNOLOGY INCORPORATED ANNOUNCES NOTE EXCHANGES
    GlobeNewswire

    MICROCHIP TECHNOLOGY INCORPORATED ANNOUNCES NOTE EXCHANGES

    Pursuant to the Exchange Transactions, Microchip has agreed to exchange $615.0 million in aggregate principal amount of the Notes and accrued and unpaid interest thereon for cash and shares of Microchip’s common stock, par value $0.001 per share (the “Common Stock”). Upon the closing of the Exchange Transactions, Microchip estimates that it will pay an aggregate of approximately $615.0 million in cash plus accrued interest and issue approximately 3.1 million shares of Common Stock for the Notes.

  • 25 Dividend Stocks the Analysts Love the Most
    Kiplinger

    25 Dividend Stocks the Analysts Love the Most

    The longest bull market in history came to a crashing end on Feb. 19 as panic over the global spread of COVID-19 sent stocks into a tailspin. The S&P; 500, the most common benchmark for the U.S. equity market, plunged 30% in only a month.The outlook for stocks has arguably never been more uncertain. The situation under which we live is subject to change not just by the day, but by the hour. Although there are few places for equity investors to hide these days, Wall Street analysts are pinning their hopes on a select group of dividend stocks.Dividends are known for adding some defensive characteristics to stocks, and so it makes sense at this time to single them out. To that end, we scoured the S&P; 500 for dividend stocks with yields of more than 2%, excluding a number of extremely high yielders because of excessive current risk (such as certain energy stocks). Sometimes, a too-high yield can be a warning sign that a stock is in deep trouble. From that pool, we focused on stocks with an average broker recommendation of Buy or better. S&P; Global Market Intelligence surveys analysts' stock ratings and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the stronger the Buy call.Lastly, we dug into research and analysts' estimates on the top-scoring names.That led us to these top 25 dividend stocks, by virtue of their high analyst ratings, at this unprecedented moment in American history. SEE ALSO: 64 Dividend Stocks You Can Count On

  • Protect Against Rootkit and Bootkit Malware in Systems that Boot from External SPI Flash Memory
    PR Newswire

    Protect Against Rootkit and Bootkit Malware in Systems that Boot from External SPI Flash Memory

    With the rapid growth of 5G including new cellular infrastructure, growing networks and data centers supporting expanding cloud computing, developers are seeking new ways to ensure operating systems remain secure and uncompromised. Microchip Technology Inc. (Nasdaq: MCHP) today announced a new cryptography-enabled microcontroller (MCU), the CEC1712 MCU with Soteria-G2 custom firmware -- designed to stop malicious malware such as rootkit and bootkit for systems that boot from external Serial Peripheral Interface (SPI) flash memory.

  • PR Newswire

    Microchip Expands Silicon Carbide (SiC) Family of Power Electronics to Provide System Level Improvements in Efficiency, Size and Reliability

    Demand continues to rapidly grow for Silicon Carbide (SiC)-based systems to maximize efficiency and reduce size and weight, allowing engineers to create innovative power solutions. Applications leveraging SiC technology range from electric vehicles and charging stations to smart power grids and industrial and aircraft power systems. Microchip Technology Inc. (Nasdaq: MCHP) today announced its expanded portfolio of smaller, lighter and more efficient SiC power modules. Together with its broad portfolio of microcontrollers (MCUs) and analog products, Microchip serves the needs of high power system control, drive and power stage -- supporting customers with total system solutions.

  • Microchip (MCHP) Alert: Johnson Fistel Announces Shareholder Class Action Against Microchip Technology Survives Motion to Dismiss; Should Management be Held Accountable for Investors Losses?
    PR Newswire

    Microchip (MCHP) Alert: Johnson Fistel Announces Shareholder Class Action Against Microchip Technology Survives Motion to Dismiss; Should Management be Held Accountable for Investors Losses?

    Johnson Fistel, LLP is investigating potential claims on behalf of Microchip Technology Incorporated (NASDAQ: MCHP) ("Microchip" or the "Company") against certain of its officers and directors. Specifically, a class action lawsuit pending in the United States District Court for the District of Arizona against Microchip and certain of its current and former officers recently survived, in part, certain defendants' attempts to have the case dismissed.

  • Steven Cohen's Top 5 Holdings as of 4th-Quarter 2019
    GuruFocus.com

    Steven Cohen's Top 5 Holdings as of 4th-Quarter 2019

    E-commerce giants Amazon, Alibaba are among the guru’s largest positions Continue reading...

  • A Sliding Share Price Has Us Looking At Microchip Technology Incorporated's (NASDAQ:MCHP) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At Microchip Technology Incorporated's (NASDAQ:MCHP) P/E Ratio

    To the annoyance of some shareholders, Microchip Technology (NASDAQ:MCHP) shares are down a considerable 33% in the...

  • Enabling Cloud Connectivity to All MCUs and MPUs, Microchip Launches a Range of Embedded IoT Solutions for Rapid Prototyping
    PR Newswire

    Enabling Cloud Connectivity to All MCUs and MPUs, Microchip Launches a Range of Embedded IoT Solutions for Rapid Prototyping

    Due to the fragmented nature of the Internet of Things (IoT) marketplace, increasing project complexity and costs, today's developers face more challenges in design decisions than ever before. These challenges lead to extended development times, increased security threats and failed solutions. Continuing to execute upon its core strategy of delivering smart, connected and secure systems, Microchip Technology Inc. (Nasdaq: MCHP) today announced its cloud agnostic, turnkey, full-stack embedded development solutions. From the smallest PIC® and AVR® microcontrollers (MCUs) for sensors and actuator devices, to the most sophisticated 32-bit MCU and microprocessor (MPU) gateway solutions for edge computing, the company is now making it possible for developers to connect to any major core and any major cloud, using Wi-Fi®, Bluetooth® or narrow band 5G technologies – all while maintaining a strong security foundation through the support of its Trust Platform for the CryptoAuthentication™ family.

  • Valley tech companies make more big changes as coronavirus concerns escalate
    American City Business Journals

    Valley tech companies make more big changes as coronavirus concerns escalate

    Several Phoenix-area tech firms announced health concerns and changes today, while a couple of them announced travel restrictions last week.

  • Hedge Funds Have Never Been This Bullish On Microchip Technology Incorporated (MCHP)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Microchip Technology Incorporated (MCHP)

    Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Is There Now An Opportunity In Microchip Technology Incorporated (NASDAQ:MCHP)?
    Simply Wall St.

    Is There Now An Opportunity In Microchip Technology Incorporated (NASDAQ:MCHP)?

    Microchip Technology Incorporated (NASDAQ:MCHP) received a lot of attention from a substantial price movement on the...

  • Microchip Tech (MCHP) Down 14.1% Since Last Earnings Report: Can It Rebound?
    Zacks

    Microchip Tech (MCHP) Down 14.1% Since Last Earnings Report: Can It Rebound?

    Microchip Tech (MCHP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Barrons.com

    Skyworks Lowered Its Forecast Because of the Coronavirus. Why Its Stock Rallied on the News.

    (SWKS) (SWKS) is the latest tech company to lower its outlook because of coronavirus’ impact on both global supply chains and demand in China. On Wednesday Skyworks (ticker: SWKS), which makes chips used by (AAPL) (AAPL) and other mobile phone companies, said it now sees revenue of $760 million to $770 million for its fiscal second quarter ending March 27, down from a previous forecast of $800 million to $820 million. The company trimmed its non-GAAP profit outlook to $1.34 a share at the midpoint of the revenue range, from $1.46.

  • Barrons.com

    The Dow Fell 786 Points Because Lower Rates Can’t Stop the Coronavirus Outbreak

    Stocks tumbled Tuesday amid continuous fears over the spreading coronavirus outside of China, with a rate cut offering little to no support.

  • Microchip, Qorvo Warn On Coronavirus; AMD Stock Nabs Upgrade
    Investor's Business Daily

    Microchip, Qorvo Warn On Coronavirus; AMD Stock Nabs Upgrade

    Microchip Technology and Qorvo have joined the parade of tech companies warning about negative impacts from the Covid-19 coronavirus outbreak in China. Meanwhile, AMD stock got an upgrade.

  • Microchip Updates Revenue Guidance Amid Coronavirus Outbreak
    Zacks

    Microchip Updates Revenue Guidance Amid Coronavirus Outbreak

    Microchip's (MCHP) updated fourth-quarter fiscal 2020 guidance reflects the impact of coronavirus outbreak in China.

  • Microchip issues employee travel ban, updates coronavirus financial impact
    American City Business Journals

    Microchip issues employee travel ban, updates coronavirus financial impact

    While none of the semiconductor manufacturing company’s more than 18,000 employees or family members have tested positive for the coronavirus, Microchip's CEO said the company is taking steps to limit exposure.

  • MarketWatch

    Microchip Tech pulls outlook because of coronavirus slowdown

    Microchip Technology Inc. said late Monday it was pulling its guidance because of interruptions from the COVID-19 coronavirus. Microchip shares fell 1.3% after hours, following a 5% rise to finish the regular session at $95.22. Microchip had forecast fiscal fourth-quarter earnings of $1.35 to $1.51 a share, and analysts surveyed by FactSet are looking for $1.42 a share. In a statement, Microchip said "we see very weak demand in Asia, especially in China, driven by the COVID-19 fears, and customers returning to work at a slower pace than anticipated," adding that its "supply chain is also returning to normal operations at a slower pace than we anticipated." Rather than a forecast 2% to 9% sequential rise in revenue for the fourth quarter, the company forecast flat revenue growth and withdrew its earnings per share forecast. Analysts had forecast 4.9% sequential revenue growth to $1.35 billion.

  • NXP Semiconductors Latest Tech Firm To Warn On Coronavirus Impact
    Investor's Business Daily

    NXP Semiconductors Latest Tech Firm To Warn On Coronavirus Impact

    Chipmaker NXP Semiconductors is the latest tech company to warn about the Covid-19 coronavirus outbreak impacting its sales. It joins Apple, Microsoft and others in lowering sales targets.

  • Microchip Technology Provides Business Update for Fourth Quarter Fiscal 2020
    GlobeNewswire

    Microchip Technology Provides Business Update for Fourth Quarter Fiscal 2020

    As Microchip closely monitors the impact of the COVID-19 virus, our top priority remains the health and safety of our employees and their families. On February 4, 2020, as part of our fourth quarter fiscal 2020 earnings call, we issued quarterly net sales guidance of up 2% to 9% sequentially, which was a wider than usual range, to reflect uncertainty related to the public health situation in China.

  • Barrons.com

    NXP Semi Warned About a Coronavirus Hit. Why Its Stock Is Rising.

    NXP Semi warned that its sales would be $50 to $150 million lower because of the coronavirus. Analysts, however, remain bullish on the stock of NXP and other semiconductor manufacturers.

  • Microchip Technology to Provide Business Update on Fourth Quarter Fiscal 2020 on March 2, 2020
    GlobeNewswire

    Microchip Technology to Provide Business Update on Fourth Quarter Fiscal 2020 on March 2, 2020

    CHANDLER, Ariz., Feb. 28, 2020 (GLOBE NEWSWIRE) -- (MCHP) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that it will provide a business update on its March 2020 quarter on Monday, March 2, 2020 after market close. Additionally, the company announced that it will not be attending any investor conferences for the remainder of the quarter, due to company travel restrictions associated with the Coronavirus. “The safety of our employees worldwide continues to remain paramount and we have taken precautionary steps to help ensure the health and safety of our employees and to control the impact on Microchip’s operations,” said Steve Sanghi, Microchip’s CEO.