$MCHP (Microchip Technology Inc.)

$MCHP {{ '2015-07-08T12:14:57+0000' | timeago}} • SEC

$MCHP FY15 10-K: MCHP sold available-for-sale investments for proceeds of $273.9MM, $135.3MM during 2015 year-end and 2014 year-end, respectively. Had net realized gains of $18.5MM from sales of available-for-sale marketable equity securities and had no material realized gains from the sale of available-for-sale debt securities during 2015-end.

$MCHP {{ '2017-06-06T15:14:09+0000' | timeago}} • Announcement

$MCHP narrowed 1Q18 net sales growth outlook to 4.5-6% from 2-7%, its EPS guidance to $0.62-0.64 from $0.59-0.64 and its non-GAAP EPS estimate to $1.22-1.26 from $1.17-1.27. The company's inventory internally as well as distributors is extremely low and lead times are stretching out.

$MCHP {{ '2017-05-10T12:28:43+0000' | timeago}} • Announcement

$MCHP BoD declared a quarterly cash dividend on its common stock of 0.3615 per share. The dividend is payable on June 6, 2017 to stockholders of record on May 23, 2017.

$MCHP {{ '2017-05-09T22:54:56+0000' | timeago}} • Webcast

$MCHP stated that on the analog side, the company is not looking at its analog business to be attaching to its microcontrollers or standalone. $MCHP also added that it has identified a built-in large opportunity to attach analog around Atmel's microcontrollers, as those were the sockets the company purposely kept out.

$MCHP {{ '2017-05-09T21:06:23+0000' | timeago}} • Announcement

$MCHP BoD has declared a quarterly cash dividend on its common stock of 36.15 cents per share. The dividend is payable on June 6, 2017 to stockholders as on May 23, 2017.

$MCHP {{ '2017-05-09T21:04:14+0000' | timeago}} • Announcement

For 1Q18, $MCHP sees net sales in the range of $920.7-965.9MM, and GAAP net income in the range of $143.4-156.5MM. Excluding one-off costs, $MCHP expects to earn $143.4MM to $156.5MM. Meanwhile, GAAP diluted EPS is estimated to be between 59 cents and 64 cents.

$MCHP {{ '2017-05-09T20:58:23+0000' | timeago}} • Announcement

Chipmaker $MCHP posted net income that doubled to $137MM, or $0.61 per share in 4Q17. Net sales were $902.7MM, up 62% YoY. Excluding special items, EPS from continuing operations was $1.16 per share during the quarter.

$MCHP {{ '2017-02-09T14:18:19+0000' | timeago}} • Announcement

$MCHP plans to offer $1.5Bil of convertible senior subordinated notes due 2027 and $500MM of convertible junior subordinated notes due 2037 in a private placement to qualified institutional buyers.

$MCHP {{ '2017-02-08T14:22:26+0000' | timeago}} • Announcement

$MCHP BoD declared a quarterly cash dividend on its common stock of 36.1 cents per share. The dividend is payable on March 7, 2017 to stockholders of record on February 21, 2017.

$MCHP {{ '2017-02-07T21:58:37+0000' | timeago}} • Announcement

For 4Q17, $MCHP expects GAAP net sales in the range of $872-908MM. Net income is expected to be in the range of $170.1-194.4MM, and diluted EPS is expected in the range of $0.71-0.81 for 4Q17. Additionally, CapEx is expected to be approx. $38MM.

$MCHP {{ '2017-02-07T21:53:49+0000' | timeago}} • Announcement

$MCHP BoD declared a quarterly cash dividend on its common stock of $0.361 per share. The quarterly dividend is payable on March 7, 2017 to stockholders of record on February 21, 2017.

$MCHP {{ '2017-02-07T21:51:11+0000' | timeago}} • Announcement

Provider of microcontroller, analog and Flash-IP solutions $MCHP posted higher 3Q17 earnings, helped by higher revenue. Net income from continuing operations rose 75.35% to $107.33MM or $0.46 per diluted share from $61.21MM or $0.28 per diluted share a year ago. Net sales rose 54.41% to $834.36MM. Excluding items, $MCHP earned $1.05 per share.

$MCHP {{ '2017-01-09T15:20:11+0000' | timeago}} • Announcement

$MCHP said all former Atmel products are now available on microchipDIRECT, $MCHP's full service channel. For the first time, customers can purchase products such as AVR and SAM microcontrollers and development tools direct from the manufacture.

$MCHP {{ '2016-11-07T23:30:03+0000' | timeago}} • Webcast

$MCHP sees no negative coming out of the Atmel combination. The company will get some short-term and medium-term advantage, but a significant long-term advantage.

$MCHP {{ '2016-11-07T22:44:17+0000' | timeago}} • Webcast

On a non-GAAP basis, $MCHP expects gross margin to be between 56.6-57.2% in 3Q17. The company expects overall OpEx from continuing operations to be between 26.5-27.0% of sales, and operating profit percentage to be 29.6-30.7% of sales.

$MCHP {{ '2016-11-07T22:41:37+0000' | timeago}} • Webcast

In 2Q17, $MCHP achieved Atmel's operating margin of over 23% of sales, which is the highest operating margin achieved at Atmel in over five years. The company achieved an accretion from Atmel of $0.145 versus guidance of $0.09-0.11 per share.

$MCHP {{ '2016-11-07T22:19:04+0000' | timeago}} • Webcast

$MCHP's non-GAAP net sales in 2Q17 were a record $873.8MM, well above the high end of guidance and up 3.5% sequentially from net sales of $844MM. On a non-GAAP basis, gross margins were 57.2% in the quarter and significantly above the high end of the company's guidance, which was 56.2%. Non-GAAP OpEx was 26.7% of sales.

$MCHP {{ '2016-11-07T21:57:18+0000' | timeago}} • Announcement

$MCHP's CapEx, including Atmel, for 3Q17 is expected to be approx. $30MM. CapEx for all of FY17 are expected to be approx. $110MM. The company expects net cash generation during 3Q17 of $170-200MM prior to the dividend payment, changes in borrowing levels, and any acquisition/divestiture-related activities.

$MCHP {{ '2016-11-07T21:55:43+0000' | timeago}} • Announcement

For 3Q17, $MCHP expects non-GAAP net sales in the range of $821.4-873.8MM. Net income is expected to be $199.3-224.5MM, and diluted EPS is anticipated in the range of $0.85-0.95.

$MCHP {{ '2016-11-07T21:52:21+0000' | timeago}} • Announcement

$MCHP posted lower earnings in 2Q17, hurt by higher OpEx compared to 2Q16. Net income from continuing operations was $35.6MM or $0.15 per diluted share compared to $64.9MM or $0.30 per diluted share last year. Net sales were up about 61% from a year ago to $871.4MM in 2Q17. Non-GAAP diluted EPS from continuing operations was $0.94.

$MCHP {{ '2016-08-08T22:34:26+0000' | timeago}} • Webcast

Harsh Kumar of Stephens asks how long the difference between GAAP and non-GAAP revenues to last. $MCHP CFO Eric Bjornholt replied that the company is targeting this now to happen in 3Q17. He also stated that depending on the date that the company integrates this can continue for a couple of quarters, and bits and pieces can be seen for the rest of FY17.

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