Jefferies Raises Price Target on Microchip Technology (MCHP) Following 4Q Beat
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Microchip Technology Announces Record Financial Results For Fourth Quarter And Fiscal Year 2016
May 4, 2016 4:19 PM EDTCHANDLER, Ariz., May 4, 2016 /PRNewswire/ --
For Fiscal Year 2016 Record Non-GAAP net sales of $2.214 billion. Record GAAP net sales of $2.173 billion. On a non-GAAP basis: gross margins of 58.1%; operating income of $685.4 million; net income of $583.3 million and record EPS of $2.68 per diluted share. On a GAAP basis: gross margins of 55.5%; operating income of $352.3 million; net income of $324.1 million; and EPS of $1.49 per diluted share. There was no First Call published estimate for GAAP EPS. For the quarter ended March 31, 2016... MoreMicrochip Technology Declares Quarterly Cash Dividend Of 35.95 Cents Per Share
May 4, 2016 4:18 PM EDTCHANDLER, Ariz., May 4, 2016 /PRNewswire/ -- Microchip Technology Incorporated (NASDAQ: MCHP), 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 35.95 cents per share. The dividend is payable on June 6, 2016 to stockholders of record on May 23, 2016. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 49 times since its inception.
"Microchip generated... More
Microchip Introduces Hardware Cryptography-Enabled 32-bit Microcontroller for Internet of Things Applications
May 4, 2016 8:04 AM EDTCHANDLER, Ariz., May 4, 2016 /PRNewswire/ --Â Microchip Technology Inc. (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced a new hardware crypto-enabled 32-bit microcontroller. The CEC1302's hardware-based cryptography suite offers significant performance improvements over firmware-based solutions. The CEC1302 makes it easy to add security to Internet of Things (IoT) devices, offering easy-to-use encryption and authentication for programming flexibility and increased levels of security.... More
