Jefferies Raises Price Target on Microchip Technology (MCHP) to $72 Following 2Q Beat

Microchip Launches New Generation of 8-bit AVR® MCUs with Core Independent Peripherals

CHANDLER, Ariz., Nov. 8, 2016 /PRNewswire/ -- (Electronica) Microchip Technology Inc. (NASDAQ: MCHP), a leading provider of microcontroller (MCU), mixed-signal, analog and Flash-IP solutions, today released a new generation of 8-bit tinyAVR MCUs. The four new devices range from 14 to 24 pins and 4 KB to 8 KB of Flash and are the first tinyAVR® microcontrollers to feature Core Independent Peripherals (CIPs). The new devices will be supported by Atmel START, an innovative online tool for... More

Industry's Lowest-Power Vehicle Access Solution for Smart Keys and Wearables

CHANDLER, Ariz., Nov. 8, 2016 /PRNewswire/ -- (Electronica) -- The industry's lowest-power Passive Entry/Passive Start (PEPS) solution is now available from Microchip Technology Inc. (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions. Microchip's ATA5700 and ATA5702 are primarily intended for use in battery-powered applications such as smart keys (i.e. PEPS) and complementary car access via mobile devices,... More

Microchip Technology Announces Record Financial Results For Second Quarter Fiscal Year 2017

CHANDLER, Ariz., Nov. 7, 2016 /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 September 30, 2016 as summarized in the following table:

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

Three Months Ended September 30,... More

Microchip Technology Declares Quarterly Cash Dividend Of 36.05 Cents Per Share

CHANDLER, Ariz., Nov. 7, 2016 /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 36.05 cents per share.  The dividend is payable on December 5, 2016 to stockholders of record on November 21, 2016.  Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 50 times since its inception.

"Microchip achieved outstanding financial... More