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Microchip Technology Inc (MCHP.OQ)

MCHP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

Microchip Technology to sell mobile touch assets to Solomon Systech
Tuesday, 1 Nov 2016 09:00am EDT 

Microchip Technology Inc : Microchip Technology announces sale of mobile touch assets to Solomon Systech Limited . Transaction should have no impact on co's continuing operations .Also agreed to provide certain transition services to Solomon Systech.  Full Article

Microchip updates guidance for non-GAAP net sales and EPS for Q2 of fiscal 2017
Tuesday, 6 Sep 2016 04:15pm EDT 

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
Monday, 8 Aug 2016 04:30pm EDT 

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 01:18pm EDT 

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

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