Susquehanna Cuts Price Target on Microchip Technology (MCHP) Following 1Q EPS Miss

Microchip Technology And Micrel Announce The Completion Of The Acquisition Of Micrel By Microchip Technology

CHANDLER, Ariz. and SAN JOSE, Calif., Aug. 3, 2015 /PRNewswire/ -- Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Micrel, Incorporated (NASDAQ: MCRL) today announced that Microchip has completed its previously announced acquisition of Micrel.  Shareholders of Micrel overwhelmingly approved the merger with 98.95% of the Micrel shares that voted in favor of the merger.  As a result of the completion of the transaction, trading in Micrel common stock on the NASDAQ Stock Market will cease... More

Microchip Technology Declares Quarterly Cash Dividend Of 35.8 Cents Per Share

CHANDLER, Ariz., Aug. 3, 2015 /PRNewswire/ -- (NASDAQ: MCHP) Microchip Technology Incorporated, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 35.8 cents per share.  The dividend is payable on September 25, 2015 to stockholders of record on September 11, 2015.  Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 46 times since its inception.

"Microchip exhibited strong... More

Microchip Technology Announces Record Non-GAAP Earnings Per Share For First Quarter Fiscal Year 2016

CHANDLER, Ariz., Aug. 3, 2015 /PRNewswire/ -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of microcontroller, mixed signal, analog and Flash-IP solutions, today reported results for the three months ended June 30, 2015 as summarized in the following table:

(in millions, except earnings per diluted share and percentages)

Three months ended June 30, 2015