Microchip Technology Inc. Stock Price, News & Analysis

Microchip Technology (NASDAQ: MCHP) has declared a quarterly cash dividend of 32.8 cents per share, an increase of 41.4% from last year's dividend of 23.2 cents. This dividend will be payable on December 6, 2022, to stockholders of record on November 22, 2022. The company has consistently paid dividends for 81 consecutive quarters, reflecting its strong cash generation capabilities and commitment to returning capital to shareholders. The positive financial performance in the September 2022 quarter supports this increase, highlighting ongoing debt reduction.

Microchip Technology has announced the launch of its PIC32CXMT family of 32-bit microprocessors, featuring the new MPL460 Power Line Communication (PLC) modem. This platform is designed for smart metering and industrial IoT applications, offering enhanced performance with operations up to 200 MHz and scalability with up to 560 KB of memory. Available in single-core, dual-core, and system-on-chip variants, it provides options for various transceiver solutions and compliance with ANSI and IEC standards. The devices are currently in limited sampling.

Microchip Technology has launched its first Arm Cortex-M4F-based PIC32CX-BZ2 MCU family, featuring integrated Bluetooth Low Energy functionality. This family addresses design complexities in wireless applications by simplifying connectivity integration. It includes System-on-Chip (SoC) devices and RF-ready modules alongside various features like a 12-bit ADC and OTA updates. Supported by the MPLAB Harmony software framework, it targets developers requiring efficient wireless solutions. The family is available now, shipping in compact QFN packages, with an emphasis on reliable, cost-effective design support.

Microchip Technology introduces the META-DX2+ Ethernet PHY family, enhancing network infrastructure with 112G PAM4 connectivity. With a capacity of 1.6T and integrated encryption, these solutions optimize bandwidth for routers and switches. The devices promise over 50% annual growth in port bandwidth due to increased demand from hybrid work and AI/ML applications. The META-DX2+ family supports a range of features, including Class C/D precision timing and offers significant board savings compared to competitors. Availability for sampling is expected in Q4 2022.

Microchip Technology has announced the launch of the PIC32CM JH microcontroller, a cost-effective solution featuring 512KB Flash, 5V, and Dual CAN FD capabilities. This device meets ISO 26262 functional safety and ISO/SAE 21434 cybersecurity standards, crucial for automakers transitioning to automated systems. The MCU is equipped with AUTOSAR support, secure boot, and advanced safety mechanisms, facilitating compliance with industry requirements. Priced at $2.61 in 10,000-unit quantities, the PIC32CM JH is designed to offer OEMs an entry-level option with premium features previously limited to high-end devices.

Microchip Technology (NASDAQ:MCHP) will present at the Goldman Sachs 2022 Communacopia + Technology Conference on September 14 at 9:15 a.m. PT. The presentation will feature Steve Sanghi, Executive Chair, and Eric Bjornholt, Senior VP and CFO. A live webcast is accessible via the Microchip website. The company specializes in smart, connected, and secure embedded control solutions, catering to over 125,000 customers across various sectors, including automotive and aerospace. Their comprehensive product offerings aim to reduce risks and lower system costs.

Microchip Technology will present at the Citi 2022 Global Technology Conference on September 8, 2022, at 2:30 p.m. Eastern Time. The presentation will be led by Ganesh Moorthy, President and CEO, alongside Sajid Daudi, Head of Investor Relations. A live webcast will be accessible through Microchip's website. The company, headquartered in Chandler, Arizona, specializes in smart, connected, and secure embedded control solutions, serving over 125,000 customers across various sectors including industrial and automotive.

Microchip Technology announced the webcast of its Annual Meeting of Shareholders on August 23, 2022, at 9:00 a.m. PT. Attendees can access the meeting online at www.microchip.com, with a replay available for 14 days afterward. The meeting will include official shareholder business and a presentation by CEO Ganesh Moorthy. Attendees are advised to take a COVID test prior to attending in person. Forward-looking statements made during the meeting will be accompanied by risk disclosures found in SEC filings accessible at www.sec.gov.

Microchip Technology, a leader in embedded control solutions, will present at the KeyBanc 23rd Annual Vail Global Tech Leadership Forum on August 9, 2022, at 9:00 a.m. Mountain Time. Presenters include Eric Bjornholt, CFO, and Sajid Daudi, Head of Investor Relations. A live webcast will be available on the Microchip website. The company serves over 125,000 customers across various sectors, including industrial and automotive, providing cutting-edge solutions that enhance design efficiency while minimizing costs.