|Bid||85.00 x 800|
|Ask||89.50 x 1100|
|Day's Range||86.43 - 88.18|
|52 Week Range||53.15 - 112.47|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||39.38|
|Earnings Date||Aug 04, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||1.47 (1.67%)|
|Ex-Dividend Date||May 20, 2020|
|1y Target Est||102.42|
With the rise of Artificial Intelligence (AI), Machine Learning (ML) and the Internet of Things (IoT), applications are moving to the network edge where data is collected, requiring power-efficient solutions to deliver more computational performance in ever smaller, thermally constrained form factors. Through its Smart Embedded Vision initiative, Microchip Technology Inc. (Nasdaq: MCHP) is meeting the growing need for power-efficient inferencing in edge applications by making it easier for software developers to implement their algorithms in PolarFire® field-programmable gate arrays (FPGAs). As a significant addition to the solutions portfolio in this segment, Microchip's VectorBlox Accelerator Software Development Kit (SDK) helps developers take advantage of Microchip's PolarFire FPGAs for creating low-power, flexible overlay-based neural network applications without learning an FPGA tool flow.
Qualcomm is pleased with how Chinese 5G phone sales are trending, while TI is cautious about how customer orders might trend in the near-term.
CHANDLER, Ariz., May 11, 2020 -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced.
Is Microchip Technology Incorporated (NASDAQ:MCHP) a good dividend stock? How can we tell? Dividend paying companies...
Inphi stock gapped up Friday after the data-center chipmaker delivered a beat-and-raise quarterly report. Qorvo, Microchip and Power Integrations also posted March-quarter results.
Microchip's (MCHP) fourth-quarter results reflect strength in demand across communication and data center end-markets. Moreover, solid demand of microcontrollers holds promise.
Microchip Technology Inc. shares ticked higher in the extended session Thursday after the chip maker topped Wall Street estimates for the quarter. Microchip Technology shares rose 1.1% after hours, following a 2.1% rise in the regular session to close at $85.50. The company reported fiscal fourth-quarter net income of $99.9 million, or 39 cents a share, compared with $174.7 million, or 70 cents a share, in the year-ago period. Adjusted earnings were $1.46 a share, compared $1.48 a share in the year-ago period. Revenue came in flat at $1.33 billion compared with $1.33 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.35 a share on revenue of $1.32 billion. Microchip expects adjusted fiscal first-quarter earnings of $1.25 to $1.45 a share on revenue of $1.19 billion to $1.3 billion, while analysts had forecast on earnings of $1.25 a share on revenue of $1.25 billion. "Although our backlog for the June quarter started out much higher than the opening backlog for the March quarter, we have seen a combination of deteriorating bookings, customer pushout of orders and cancellations since the middle of April," said Steve Sanghi, Microchip chief executive, in a statement. "We believe our backlog position for the June quarter will continue to deteriorate compared to the March quarter due to the combined effect of supply chain disruptions, customer factory closures and demand destruction. Taking these factors into consideration, we expect our net sales in the June quarter to be down between 2% and 10% sequentially. The broad guidance range is to help account for the uncertainty caused by the COVID-19 pandemic."
CHANDLER, Ariz., May 07, 2020 (GLOBE NEWSWIRE) -- (MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 36.75 cents per share. The dividend is payable on June 4, 2020 to stockholders of record on May 21, 2020. “Microchip’s financial performance in the March 2020 quarter was very good with the backdrop of a very uncertain economic environment,” said Steve Sanghi, Chief Executive Officer.
For the quarter ended March 31, 2020 Net sales of $1.326 billion, up 3.0% sequentially and down 0.3% from the year ago quarter. Our updated guidance provided on.
As the Internet of Things (IoT) delivers greater connectivity for industrial and home applications and as connected vehicles enhance cabin and operational features, higher-performance microcontrollers are required for better real-time control as well as to enable enhanced human machine interface applications. Microchip Technology Inc. (Nasdaq: MCHP) today announced its next generation AVR®-DA family of microcontrollers (MCUs) - its first Functional Safety Ready AVR MCU family with Peripheral Touch Controller (PTC).
Here is a sneak peek on how five notable semiconductor stocks are poised ahead of their upcoming quarterly results scheduled for May 7.
Microchip Technology (MCHP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Uber and Lyft's cash burn, Microchip's demand commentary and Shopify's GMV growth are among the things that tech investors might want to keep an eye on.
Microchip (MCHP) fiscal fourth-quarter results are likely to reflect growth in bookings triggered by coronavirus crisis-induced supply chain disruptions.
Microchip Tech (MCHP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Finding top semiconductor stocks to buy involves understanding the health of markets that purchase chips for their products. Chip stocks have risen on hopes for a 2020 market recovery.
Microchip Technology (NASDAQ:MCHP) shareholders are no doubt pleased to see that the share price has bounced 35% in...
PHILADELPHIA, PA / ACCESSWIRE / April 18, 2020 / Kaskela Law LLC is investigating Microchip Technology Inc. ("Microchip Technology" or the "Company") (NASDAQ:MCHP) on behalf of the ...
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).
In their own ways, enterprise hardware and software demand are coming under pressure, as is chip demand in some end-markets.
The number of Americans seeking jobless benefits soared again on Thursday, in the latest sign of how the coronavirus that causes COVID-19 is impacting all sectors of the economy, as companies are forced to furlough and lay off workers
Despite a strong fourth quarter ending in March, the Chandler semiconductor maker said it expects demand for its products to slip later this year from the effects of the global pandemic.