Microchip Technology Inc. Stock Price, News & Analysis

Microchip Technology has launched a new PoE to USB-C adapter that delivers up to 60W of power over Ethernet, enabling extended reach for USB-C devices. This device can convert input power of 90W, solving the range limitation of traditional USB-C installations. By leveraging Power over Ethernet (PoE) technology, it simplifies installation and offers functionalities like remote power management. The adapter supports various PoE standards, making it compatible with existing infrastructure. Priced at $100, it represents an advanced solution for powering devices such as cameras and laptops.

Microchip Technology (NASDAQ:MCHP) announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 3, 2021, at 11:00 a.m. Eastern Time. The presentation will be conducted by Steve Sanghi, Executive Chair, and Eric Bjornholt, CFO. A live webcast will be available on the company's website. Microchip, based in Chandler, Arizona, is a leading provider of embedded control solutions and supports over 120,000 customers across various markets.

Microchip Technology (NASDAQ:MCHP) will present at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 10:50 a.m. (ET). The presentation will feature Mr. Ganesh Moorthy, President and CEO, and Mr. Eric Bjornholt, Senior VP and CFO. A live webcast can be accessed via the Microchip website. The company is a leader in embedded control solutions, serving over 120,000 customers in various markets including industrial and automotive.

Microchip Technology has expanded its SA50-120 power converter family with nine new units suitable for space applications. Utilizing qualified 100V and 120V bus systems, these radiation-hardened converters minimize development risks and costs. They support 56W output, with the highest efficiency in its class at 87%. The technology is vital for increasing system performance and reliability, featuring a Mean Time Between Failure of eight million hours. Microchip aims to bolster its 30-year legacy in space technology, affirming ongoing investments in critical spaceflight technology.

Microchip Technology Incorporated (NASDAQ: MCHP) has issued a statement regarding an unsolicited mini-tender offer from TRC Capital Investment Corp., which seeks to purchase up to 1 million shares at $152.00 each. This price is approximately 4.73% lower than the share price on February 12, 2021, and 6.38% below that of February 19, 2021. Microchip does not endorse this offer and advises shareholders to reject it, emphasizing that the offer is below market value and lacks SEC protections due to its size.

Microchip Technology has launched the MCP6C02, a high-side current sense amplifier with the lowest offset for AEC-Q100 Grade 0 devices. Designed for automotive and industrial applications, it ensures accurate current measurements even in extreme temperatures (ranging from -40°C to +150°C). The MCP6C02, available in SOT-23 and VDFN packages, has a maximum offset error of 12 µV. With added features like an on-chip EMI filter and zero-drift architecture, it reduces noise interference and enhances measurement accuracy. Prices start at $0.98 for volume orders.

Microchip Technology will present at the Goldman Sachs Technology and Internet Conference 2021 on February 10, 2021, at 3:40 p.m. ET. Presenters include Steve Sanghi, CEO, and Eric Bjornholt, CFO. A live webcast will be available on the company’s website.

The company is a prominent provider of smart, connected, and secure embedded control solutions across various markets, including industrial, automotive, and defense. With over 120,000 customers, Microchip emphasizes reducing risks and costs while accelerating time to market.

Microchip Technology Inc. has launched the LAN9360, the first hardware-based audio endpoint solution for AVB. This single-chip Ethernet controller simplifies infotainment system development by eliminating the need for third-party software integration, reducing development time. The LAN9360 connects various infotainment devices using Ethernet AVB and supports audio transmission with industry-standard compliance, enhancing reliability. This product expands Microchip's Ethernet portfolio, catering to automotive developers' unique networking requirements.

Microchip Technology has declared a quarterly cash dividend of 39 cents per share, payable on March 8, 2021, to stockholders of record as of February 22, 2021. This marks a 5.8% increase in the dividend, reflecting the company's strong financial performance in the December 2020 quarter, significant cash generation, and ongoing debt reduction efforts. Since initiating dividend payments in 2003, Microchip has increased its dividend 66 times, demonstrating a commitment to returning value to shareholders.