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 it ...

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 milli ...

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 it ...

CHANDLER, Ariz., July 30, 2024 (GLOBE NEWSWIRE) -- As embedded systems become more complex and the need for enhanced performance increases, Microchip Technology (Nasdaq: MCHP) has launched its dsPIC33A Core family of Digital Signal Controllers (DSCs). The ability for engineers to create sophisticated, computationally intensive embedded control algorithms is crucial for achieving superior operational efficiency in motor control, power supply, charging and sensing systems. Built around a 32-bit Central Proces ...

CHANDLER, Ariz., July 30, 2024 (GLOBE NEWSWIRE) -- As embedded systems become more complex and the need for enhanced performance increases, Microchip Technology (Nasdaq: MCHP) has launched its dsPIC33A Core family of Digital Signal Controllers (DSCs). The ability for engineers to create sophisticated, computationally intensive embedded control algorithms is crucial for achieving superior operational efficiency in motor control, power supply, charging and sensing systems. Built around a 32-bit Central Proces ...

The market expects Microchip Technology (MCHP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. This chipmaker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over ...

NEW YORK, July 15, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Microchip Technology Incorporated (NASDAQ: MCHP) on behalf of the company's shareholders. The investigation seeks to determine whether Microchip Technology's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Microchip Technology Incorporated and are interested in obtaining additional information regarding your rights and options, free of charge, ...

In addition, businesses are focused on moving AI software from data centers to PCs and using innovative packaging methods. And with AI phones, PCs and wearable gadgets, semiconductor demand is set for longterm increase. Micron Technology (NASDAQ:MU) shares are up 59% this year. But the target price of $168.88 suggests a further 29% upside. Among the primary forces driving the market are the great need for artificial intelligence (AI) chips, increasing smartphone sales and slowing down IC design inventory lo ...

Microchip Technology (MCHP) recently announced the launch of its PIC64 portfolio, catering to the increasing demands for power efficiency, hardware-level security and high reliability in real-time, computeintensive applications such as smart embedded vision and Machine Learning (ML). With the recent launch, Microchip underscores its commitment to providing comprehensive embedded solutions, encompassing a full spectrum of 8,16,32, and 64-bit microcontrollers (MCUs) and MPUs, ensuring faster design, debugging ...

CHANDLER, Ariz., July 09, 2024 (GLOBE NEWSWIRE) -- The world has changed dramatically in the two decades since the debut of what was then considered a trail-blazing space-grade processor used in NASA missions such as the comet-chasing Deep Impact spacecraft and Mars Curiosity rover vehicle. A report released by the World Economic Forum estimated that the space hardware and the space service industry is set to grow at a CAGR of 7% from 2023's $330 billion dollars to $755 billion dollars by 2035. To support a ...