Microchip Technology Inc

MCHP

Equity

ISIN US5950171042 / Valor 62436

NASDAQ (2024-11-21)

USD 66.51+2.13%

Microchip Technology Inc
UMushroom community rating:

5.00 1 votes No rating yet

NegativeNeutralPositive

About company

Microchip Technology Inc is a leading provider of microcontroller and analog semiconductors for a wide range of applications in the automotive, industrial, consumer, and aerospace markets.

Summarized from source with an LLMView SourceSector: Technology

Net Sales Decline

Microchip Technology Inc. reported net sales of $1.326 billion for the fourth quarter of fiscal year 2024, which ended on March 31, 2024. This represents a sequential decline of 24.9% and a year-over-year decrease of 40.6% from the same quarter in the previous year.

GAAP Financial Performance

For the fourth quarter of fiscal 2024, Microchip Technology Inc. achieved a gross profit margin of 59.6% on a GAAP basis. The company reported an operating income of $253.5 million, net income of $154.7 million, and earnings per share (EPS) of $0.28 per diluted share.

Non-GAAP Financial Performance

On a non-GAAP basis, Microchip Technology Inc. reported a gross profit margin of 60.3% for the fourth quarter of fiscal 2024. The company achieved an operating income of $436.0 million, net income of $310.3 million, and EPS of $0.57 per diluted share.

Shareholder Returns

During the fourth quarter of fiscal 2024, Microchip Technology Inc. returned a record $629.9 million to shareholders. This included $242.5 million in dividends and $387.4 million in share repurchases, amounting to 4.5 million shares at an average price of $85.38 per share.

Dividend Increase

Microchip Technology Inc. declared a record quarterly dividend of 45.2 cents per share for the June quarter, marking an 18.0% increase from the same quarter in the previous year. The dividend is payable on June 5, 2024, to stockholders of record as of May 22, 2024.

Summarized from source with an LLMView Source

Key figures

-19.4%1Y

-19.6%3Y

46.2%5Y

Performance

36.2%1Y

39.4%3Y

44.2%5Y

Volatility

34970 M

Market cap (USD)

2,989,828

Daily traded volume (Shares)

66.83 / 65.24

1 day high/low (USD)

0.00 / 0.00

52 weeks high/low (USD)

01 January, 2022

Dividend ex-date

0.00

Dividend (USD)

0.00%

Dividend yield (p.a.)

0.002022

0.002023

0.002024

Est dividend (USD)

0.00%2022

0.00%2023

0.00%2024

Est dividend yield

10.00

P/E ratio

00.002022

00.002023

00.002024

Est P/E ratio

0.00

EPS (USD)

0.002022

0.002023

0.002024

Est EPS (USD)

Ratings & reviews

5.00

1 votes

Performance:

5.00

Innovation:

5.00

Society:

4.00

Nature:

4.00

Tej Ram Kumpakha

Switzerland, 24 Mar 2022

outstanding financial performance, strong demand and tight supply across its end market, and expansion of company's portfolio to develop more efficient solutions will increase the share price.

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