CHANDLER, Ariz., March 04, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, 2024 at 3:35 p.m. (Pacific Time). Presenting for the Company will be Mr. Ganesh Moorthy, President and CEO. A live webcast of the presentation will be made available by Morgan Stanley, and can be accessed on the Micr ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Microchip Technology (MCHP) .Microchip Tech currently has an aver ...

Microchip Technology (MCHP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this chipmaker have returned -7.8% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Semiconductor - Analog and Mixed industry, to which Microchip Tech belongs, has gained 2.1% over this period. Now the key question is: Where could the stock be heade ...

Microchip Technology (NASDAQ: MCHP) stock price has plunged hard this year, underperforming other semiconductor companies. The shares retreated to $81.6 on Friday, much lower than the December high of $94.23. This means that the stock has dropped by more than 13%, meaning it has moved into a correction.Growth concerns remainCopy link to sectionMicrochip Technology is a company in the semiconductor industry that manufactures products used in most industries like computing, data centers, and Internet of Thing ...

CHANDLER, Ariz., Feb. 15, 2024 (GLOBE NEWSWIRE) -- The embedded industry is seeing an increased demand for open-source RISC-V®-based processor architectures, but there are still limited options when it comes to commercially available silicon or hardware. To fill this gap and help empower innovation, Microchip Technology (NASDAQ:MCHP) has launched the PolarFire® SoC Discovery Kit. By offering a user-friendly, feature-rich development kit for embedded processing and compute acceleration, Microchip is making e ...

Comezora/Moment via Getty Images Investment Thesis Microchip Technologies (NASDAQ:MCHP) is a diversified provider of microcontrollers, analog, and related computer chips for a wide range of industries. It has historically had strong growth as the company focused on expanding the breadth of its product line in order to provide its clients with a one-stop shop. When I first covered Microchip almost six months ago (Q1FY24, ending June 30th 2023) they had just completed their 11th quarter of sequential reve ...

CHANDLER, Ariz., Feb. 08, 2024 (GLOBE NEWSWIRE) -- As everything from infotainment to engine systems in the automotive industry becomes more dependent on wireless and in-vehicle network connectivity, the need for robust cybersecurity measures has increased. The ISO/SAE 21434 standard has emerged to set requirements for road vehicle cybersecurity risk management processes. These cybersecurity requirements help regulate automotive products across the complete product lifecycle—from concept through design, pro ...

Microchip Technology (MCHP) reported third-quarter fiscal 2024 non-GAAP earnings of $1.08 per share, which beat the Zacks Consensus Estimate by 1.89% but declined 30.8% on a year-over-year basis.Net sales of $1.77 billion decreased 14.8% year over year and lagged the Zacks Consensus Estimate by 1.41%.Quarter in DetailIn terms of product line, mixed-signal microcontroller sales declined 18.5% year over year and 22.3% sequentially. Analog net sales decreased 30.9% sequentially and 29% year over year.Sales fro ...

Microchip Technology Incorporated (NASDAQ:MCHP) Q3 2024 Earnings Conference Call February 1, 2024 5:00 PM ET Company Participants Eric Bjornholt - CFO Ganesh Moorthy - President and CEO Steve Sanghi - Executive Chair Conference Call Participants Timothy Arcuri - UBS Toshiya Hari - Goldman Sachs Chris Caso - Wolfe Research Christopher Rolland - SIG Gary Mobley - Wells Fargo Vivek Arya - Bank of America Tore Svanberg - Stifel Chris Danely - Citi Vijay Rakesh - Mizuho Joe Moore - Morgan Stanley Joshua Buchalte ...

For the quarter ended December 2023, Microchip Technology (MCHP) reported revenue of $1.77 billion, down 18.6% over the same period last year. EPS came in at $1.08, compared to $1.56 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.79 billion, representing a surprise of -1.41%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $1.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...