$MCHP (Microchip Technology Inc.)

$MCHP {{ '2016-06-09T08:39:03+0000' | timeago}} • SEC

On April 4, 2016, $MCHP completed the acquisition of $ATML for $2.98Bil in cash. $MCHP issued an aggregate of 10.1MM shares to $ATML stockholders. The acquisition was financed mainly by cash, cash equivalents, and investments and additional borrowings under existing line of credit.

$MCHP {{ '2017-08-07T19:16:16+0000' | timeago}} • Announcement

$MCHP and Mie Fujitsu Semiconductor Limited announced plans to develop an automotive platform on 40 nm technology using SuperFlash memory technology licensed by $MCHP’s Silicon Storage Technology subsidiary. The technology will focus on automotive AEC-Q100 (Grade 1) applications, along with IoT and high voltage.

$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.

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