MCHP Stock Recent News

Chipmaker Microchip Technology forecast second-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers yet to clear excess inventory stockpiled during the pandemic.

CHANDLER, Ariz., Aug. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months ended June 30, 2024, as summarized in the table below.

CHANDLER, Ariz., Aug. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.4 cents per share. The dividend is payable on September 5, 2024, to stockholders of record on August 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 82 times since its inception.

Holding tech stocks is not the same as having shares of mining or food companies in your portfolio. The difference lies in the speed of technological improvements that can occur almost every week and knock the previous leaders out of the game.

New proprietary core in the dsPIC® DSC family to help developers push the boundaries of embedded system performance in precision, speed and innovation.

Besides Wall Street's top -and-bottom-line estimates for Microchip Tech (MCHP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Microchip Tech (MCHP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK , July 15, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Microchip Technology Incorporated (NASDAQ: MCHP) on behalf of the company's shareholders. The investigation seeks to determine whether Microchip Technology's directors breached their fiduciary duties in connection with recent corporate actions.

Undervalued semiconductor stocks are excellent additions to any portfolio because chip sales are expected to rise 13.1% in 2024 after falling about 8% in 2023. Global semiconductor sales climbed 15.8% to $46.4 billion in April, rising monthly for the first time this year.

Microchip (MCHP) launches PIC64, transforming embedded computing with 64-bit RISC-V MPUs for real-time applications across various sectors.