Edition:
United States

Microchip Technology Inc (MCHP.OQ)

MCHP.OQ on NASDAQ Stock Exchange Global Select Market

81.65USD
17 Aug 2017
Change (% chg)

-- (--)
Prev Close
$81.65
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
862,561
52-wk High
$87.49
52-wk Low
$57.53

Latest Key Developments (Source: Significant Developments)

Microchip Q1 earnings per share $1.31
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - Microchip Technology Inc ::Microchip Technology announces record net sales and earnings for first quarter of fiscal year 2018.Q1 non-GAAP earnings per share $1.31 from continuing operations.Q1 GAAP earnings per share $0.70 from continuing operations.Q1 sales $972.1 million versus i/b/e/s view $947.5 million.Q1 earnings per share $1.31.Q1 earnings per share view $1.23 -- Thomson Reuters I/B/E/S.Sees Q2 net sales $1,001.3 million.Sees Q2 GAAP earnings per diluted share 74 to 78 cents.Sees Q2 non-GAAP earnings per diluted share $1.33 to $1.37.Q2 earnings per share view $1.27, revenue view $963.6 million -- Thomson Reuters I/B/E/S.  Full Article

Microchip enters into amendment to amended, restated credit agreement
Thursday, 22 Jun 2017 06:14am EDT 

June 22 (Reuters) - Microchip Technology Inc ::Microchip Technology Inc - on June 21,co entered into amendment No. 3 to amended and restated credit agreement - SEC filing.Microchip Technology Inc - amendment extends time period during which co is permitted to repurchase, redeem, exchange co's 2.125% junior subordinated convertible debentures due 2037.  Full Article

Microchip Technology increases guidance for net sales and EPS for Q1
Monday, 5 Jun 2017 04:24pm EDT 

June 5 (Reuters) - Microchip Technology Inc ::Microchip Technology increases guidance for net sales and EPS for first quarter of fiscal 2018.Q1 2018 ‍GAAP earnings per share are expected to be between 62 cents and 64 cents​.Sees Q1 2018 GAAP earnings per share $0.62 to $0.64.Sees Q1 2018 non-GAAP earnings per share $1.22 to $1.26.‍"Net sales in fiscal Q1 are expected to grow 12.6 pct from our non-GAAP sales of same quarter of a year ago"​.Net sales are expected to be up 18.8 pct for Q1 from GAAP net sales of same quarter of a year ago​.Expect that it could take another year for inventories and lead times to return to more normal levels​.Q1 earnings per share view $1.22, revenue view $944.0 million -- Thomson Reuters I/B/E/S.  Full Article

Microchip Technology raises net sales and EPS forecasts for Q1 2018
Monday, 5 Jun 2017 04:24pm EDT 

June 5 (Reuters) - Microchip Technology Inc ::Microchip Technology increases guidance for net sales and eps for first quarter of fiscal 2018.Sees Q1 2018 gaap earnings per share $0.62 to $0.64.Sees Q1 2018 non-gaap earnings per share $1.22 to $1.26.Microchip Technology Inc - sees 2017 ‍gaap earnings per share are expected to be between 62 cents and 64 cents​.Microchip Technology Inc- ‍"net sales in fiscal q1 of 2018 are expected to grow 12.6 pct from our non-gaap sales of same quarter of a year ago"​.Microchip Technology Inc - ‍net sales are expected to be up 18.8 pct for Q1 from gaap net sales of same quarter of a year ago​.Microchip Technology Inc - ‍expect that it could take another year for inventories and lead times to return to more normal levels​.Q1 earnings per share view $1.22, revenue view $944.0 million -- Thomson Reuters I/B/E/S.  Full Article

Microchip Technology declares quarterly cash dividend of 36.15 cents per share
Tuesday, 9 May 2017 04:15pm EDT 

May 9 (Reuters) - Microchip Technology Inc :Microchip Technology declares quarterly cash dividend of 36.15 cents per share.  Full Article

Microchip Technology Q4 non-GAAP earnings per share $1.16 from continuing operations
Tuesday, 9 May 2017 04:15pm EDT 

May 9 (Reuters) - Microchip Technology Inc :Microchip Technology announces record net sales for fourth quarter and fiscal year 2017.Q4 non-GAAP earnings per share $1.16 from continuing operations.Q4 GAAP earnings per share $0.57 from continuing operations.Q4 sales $902.7 million versus I/B/E/S view $891.2 million.Sees Q1 2018 sales $920.7 million to $965.9 million.Q4 earnings per share view $1.06 -- Thomson Reuters I/B/E/S.Microchip Technology Inc-sees for June 30, 2017 quarter gaap earnings per diluted share 59 to 64 cents.Microchip technology Inc- sees for June 30, 2017 quarter non-GAAP earnings per diluted share $1.17 to $1.27.  Full Article

Microchip Technology updates guidance for net sales
Tuesday, 28 Feb 2017 04:15pm EST 

Microchip Technology Inc : Microchip Technology -narrowed range of its prior guidance for net sales and non-gaap earnings per share for fiscal Q4 of 2017 ending March 31, 2017 . Microchip Technology updates guidance for net sales and non-gaap EPS for fourth quarter of fiscal 2017 . Microchip Technology Inc- now expects consolidated net sales to be down 0.5% to up 2.5% with a mid-point unchanged at 1% for fiscal Q4 of 2017 .Microchip Technology Inc- Microchip is not able to provide gaap earnings per share guidance at this time.  Full Article

Microchip announces pricing of $1.8 bln of 1.625% convertible senior subordinated notes
Friday, 10 Feb 2017 08:55am EST 

Microchip Technology Inc : Microchip technology incorporated announces pricing of $1.8 billion of 1.625% convertible senior subordinated notes and $500 million of 2.250% convertible junior subordinated notes . Microchip technology inc says size of offering was increased from previously announced $2.0 billion in aggregate principal amount . Microchip technology inc - pricing of $1.8 billion aggregate principal amount of convertible senior subordinated notes due 2027 . Microchip technology inc says pricing of $500 million aggregate principal amount of convertible junior subordinated notes due 2037 .Microchip technology inc -2027 notes will bear interest at a rate of 1.625% per year and 2037 notes will bear interest at a rate of 2.250% per year.  Full Article

Microchip Technology incorporated announces proposed $2 billion offering of convertible notes
Wednesday, 8 Feb 2017 04:02pm EST 

Microchip Technology Inc : Microchip Technology incorporated announces proposed $2 billion offering of convertible notes . Microchip Technology Inc says intention to offer $1.5 billion aggregate principal amount of convertible senior subordinated notes due 2027 . To offer $500 million aggregate principal amount of convertible junior subordinated notes due 2037 .Microchip Technology - intends to use approximately $1.5 billion of net proceeds from this offering to reduce borrowings under its amended credit facility.  Full Article

Microchip Technology Sees Q4 non-GAAP earnings per share $1.01 to $1.11
Tuesday, 7 Feb 2017 04:15pm EST 

Microchip Technology Inc : Microchip Technology announces outstanding financial results for third quarter fiscal year 2017 . Q3 non-GAAP earnings per share $1.05 from continuing operations . Q3 GAAP earnings per share $0.46 from continuing operations . Q3 earnings per share view $0.86 -- Thomson Reuters I/B/E/S . Sees q4 2017 sales $872 million to $908 million . Q3 non-GAAP earnings per share $0.145 . Microchip Technology Inc - GAAP net sales for q3 of fiscal 2017 were $834.4 million, up 54.4% . Microchip Technology Inc - non-GAAP net sales for q3 of fiscal 2017 were $881.2 million, up 59.6% . Microchip Technology - revising long-term operating model upwards to 60% non-gaap gross margin, 36% non-gaap operating profit . Microchip Technology Inc - capital expenditures for all of fiscal year 2017 are expected to be approximately $90 million. . Sees Q4 earnings per share 71 to 81 cents . Sees Q4 non-GAAP earnings per share $1.01 to $1.11 .Q4 earnings per share view $0.93, revenue view $861.7 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Mie Fujitsu, Microchip's unit to develop automotive platform on 40 nm technology

* Mmie Fujitsu Semiconductor, Co's unit plan to develop automotive platform on 40 nm technology using superflashmemory technology​ Source text for Eikon: Further company coverage: