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Microchip Technology Inc (MCHP.OQ)

MCHP.OQ on NASDAQ Stock Exchange Global Select Market

86.75USD
15 Dec 2017
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$1.28 (+1.50%)
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Latest Key Developments (Source: Significant Developments)

Microchip Technology Reaffirms Financial Guidance For Q3 2018
Wednesday, 29 Nov 2017 

Nov 28 (Reuters) - Microchip Technology Inc ::MICROCHIP TECHNOLOGY REAFFIRMS FINANCIAL GUIDANCE FOR THIRD QUARTER FISCAL 2018.REAFFIRMS Q3 2018 GAAP EARNINGS PER SHARE VIEW $0.73 TO $0.81.Q3 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $992.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Microchip Technology posts Q2 earnings per share $1.41
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Microchip Technology Inc :Microchip Technology announces record net sales and earnings for second quarter of fiscal year 2018.Q2 non-GAAP earnings per share $1.41 from continuing operations.Q2 GAAP earnings per share $0.77 from continuing operations.Q2 sales $1.012 billion versus I/B/E/S view $1 billion.Q2 earnings per share view $1.35 -- Thomson Reuters I/B/E/S.Q2 earnings per share $1.41.Microchip Technology Inc sees Q3 GAAP ‍net sales $971.7 million to $1,012.1 million​.Microchip Technology Inc sees Q3 GAAP ‍earnings per diluted share 73 cents to 81 cents​.Microchip Technology Inc sees Q3 non-GAAP ‍earnings per diluted share $1.30 to $1.40​.Q3 earnings per share view $1.30, revenue view $984.5 million -- Thomson Reuters I/B/E/S.  Full Article

Mie Fujitsu, Microchip's unit to develop automotive platform on 40 nm technology
Monday, 7 Aug 2017 

Aug 7 (Reuters) - Microchip Technology Inc ::Mmie Fujitsu Semiconductor, Co's unit plan to develop automotive platform on 40 nm technology using superflashmemory technology​.  Full Article

Microchip updates guidance for non-GAAP net sales and EPS for Q2 of fiscal 2017
Wednesday, 7 Sep 2016 

Microchip Technology : Sees Q2 non-GAAP net sales up 1 percent to 3 percent with mid-point unchanged at 2 percent and non-GAAP EPS 85 cents to 89 cents per share . Q2 earnings per share view $0.86, revenue view $861.0 million -- Thomson Reuters I/B/E/S . Previously provided guidance for Q2 consolidated non-GAAP net sales to be flat to up 4 percent with a mid-point of up 2 percent . Original Q2 guidance for non-GAAP earning per share was between 83 cents and 91 cents per share . Due to Microchip's recent acquisition of Atmel and related purchase accounting, Microchip is not able to provide GAAP guidance at this time. .Micrel's 6-inch fab in San Jose is on schedule to close in October 2016.  Full Article

Microchip Technology reports Q1 non-GAAP EPS $0.095
Tuesday, 9 Aug 2016 

Microchip Technology Inc : Microchip technology announces record financial results for first quarter fiscal year 2017 . Q1 GAAP loss per share $0.51 from continuing operations . Q1 non-GAAP earnings per share $0.095 . Q1 non-GAAP earnings per share $0.84 from continuing operations . Q1 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Says increasing accretion target from Atmel from 25 cents to 40 cents for fiscal 2017 . Says expects total net sales in September 2016 quarter including Atmel to be flat to up 4 pct sequentially . Says expects gross margin in September 2016 quarter to be between 55.6 pct and 56.2 pct . Expects operating income from continuing operations in September 2016 quarter to be between 27.7 pct and 29 pct of net sales .Q2 earnings per share view $0.80, revenue view $836.7 million -- Thomson Reuters I/B/E/S.  Full Article

Microchip Technology says CEO Steve Sanghi's fy 2016 total compensation $10.8 mln
Monday, 11 Jul 2016 

Microchip Technology Inc : Microchip Technology Inc Says Ceo Steve Sanghi's Fy 2016 Total Compensation $10.8 Mln Vs $5.5 Mln In Fy 2015 - Sec filing .Microchip technology inc says president and coo ganesh moorthy's fy 2016 total compensation $4.2 million versus $2.0 million in fy 2015.  Full Article

Microchip Technology appoints ganesh moorthy to president and chief operating officer
Thursday, 4 Feb 2016 

Microchip Technology Inc:Appoints Ganesh Moorthy to President and Chief Operating Officer.Says Moorthy will report to steve sanghi who will remain as chairman of the board and chief executive officer.  Full Article

Microchip Technology Inc to acquire Atmel Corp
Wednesday, 20 Jan 2016 

Microchip Technology Inc and Atmel Corp:Microchip Technology Inc to acquire Atmel.Deal for total enterprise value of about $3.40 billion.Says estimated $170 million in synergies in fiscal year 2019 that begins on April 1, 2018.Acquisition price represents a total equity value of about $3.56 billion.Says deal immediately accretive to non-GAAP earnings per share.Says transaction has been approved by the board of directors of each company.Board authorized an increase in the existing share repurchase program to 15.0 million shares of common stock.Says no approval by microchip's stockholders is required in connection with the transaction.Deal for $8.15 per share in a combination of cash and Microchip common stock.In the transaction, stockholders of Atmel will receive $7.00 per share in cash and $1.15 per share in Microchip common stock.In connection with termination of merger agreement with Dialog, Atmel has paid Dialog termination fee of $137.3 million.To fund cash portion of purchase price through combination of cash on its balance sheet,borrowings under existing credit facility.Atmel stockholders will receive a much higher cash consideration per share compared to the Dialog deal".Says In next several months, Microchip intends to repurchase the approximate number of shares it issues in the Atmel acquisition.  Full Article

BRIEF-Microchip Technology Reaffirms Financial Guidance For Q3 2018

* MICROCHIP TECHNOLOGY REAFFIRMS FINANCIAL GUIDANCE FOR THIRD QUARTER FISCAL 2018