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Microchip Technology (MCHP)

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.

Company profile

Ticker
MCHP
Exchange
CEO
Steve Sanghi
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
MBarb Malta Limited • Microchip Technology LLC • Microsemi Corp. • Microsemi Corporation • Microsemi SoC Corp. • Microchip Communications, LLC • Microsemi Storage Solutions, Inc. • Microchip Malta BMD Limited • Microchip Technology Ireland Limited • Microchip Technology Malta Limited ...
IRS number
860629024

MCHP stock data

Calendar

2 Aug 22
20 Aug 22
31 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Stephen V Drehobl Common Stock Payment of exercise Dispose F No No 74.28 51 3.79K 61,627
15 Aug 22 Stephen V Drehobl Common Stock Option exercise Acquire M No No 74.28 116 8.62K 61,678
15 Aug 22 Stephen V Drehobl Common Stock Payment of exercise Dispose F No No 74.28 111 8.25K 61,562
15 Aug 22 Stephen V Drehobl Common Stock Option exercise Acquire M No No 74.28 254 18.87K 61,673
15 Aug 22 Stephen V Drehobl Common Stock Payment of exercise Dispose F No No 74.28 1,246 92.55K 61,419
15 Aug 22 Stephen V Drehobl Common Stock Option exercise Acquire M No No 74.28 2,860 212.44K 62,665
15 Aug 22 Stephen V Drehobl Common Stock Payment of exercise Dispose F No No 74.28 2,462 182.88K 59,805
15 Aug 22 Stephen V Drehobl Common Stock Option exercise Acquire M No No 74.28 5,652 419.83K 62,267
15 Aug 22 Stephen V Drehobl RSU Common Stock Option exercise Dispose M No No 74.28 116 8.62K 0
15 Aug 22 Stephen V Drehobl RSU Common Stock Option exercise Dispose M No No 74.28 254 18.87K 0
88.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 951 993 -4.2%
Opened positions 78 88 -11.4%
Closed positions 120 136 -11.8%
Increased positions 349 386 -9.6%
Reduced positions 361 347 +4.0%
13F shares Current Prev Q Change
Total value 28.36B 36.81B -23.0%
Total shares 488.02M 490.39M -0.5%
Total puts 2.07M 2.94M -29.7%
Total calls 3.92M 5.93M -33.9%
Total put/call ratio 0.5 0.5 +6.4%
Largest owners Shares Value Change
Vanguard 65.11M $3.78B +1.1%
BLK Blackrock 44.23M $2.57B -1.6%
Dodge & Cox 32.23M $1.87B +1.7%
TROW T. Rowe Price 26M $1.51B -1.4%
STT State Street 21.15M $1.23B -2.9%
FMR 18.81M $1.09B -7.4%
Aristotle Capital Management 18.53M $1.08B -0.7%
Geode Capital Management 11.01M $638.48M +1.7%
PFG Principal Financial Group Inc - Registered Shares 9.96M $578.23M -8.0%
MCQEF Macquarie 8.39M $487.07M +0.2%
Largest transactions Shares Bought/sold Change
Jane Street 4.27M +4.24M +14977.9%
LGEN Legal & General 0 -3.71M EXIT
Capital World Investors 3.56M +3.56M NEW
MS Morgan Stanley 6.4M +3.44M +116.4%
Parametric Portfolio Associates 0 -2.96M EXIT
Boston Partners 6.54M +2.41M +58.5%
Millennium Management 2.66M +2.15M +417.1%
Wellington Management 3.69M -2.12M -36.5%
FMR 18.81M -1.5M -7.4%
BEN Franklin Resources 3.6M -1.46M -28.8%

Financial report summary

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Management Discussion
  • We operate in two industry segments and engage primarily in the design, development, manufacture and sale of semiconductor products as well as the licensing of our SuperFlash and other technologies.  We sell our products to
  • distributors and OEMs in a broad range of markets, perform ongoing credit evaluations of our customers and generally require no collateral.  In certain circumstances, a customer's financial condition may require collateral, and, in such cases, the collateral would be typically provided in the form of letters of credit.
  • The increase in net sales in the three months ended June 30, 2022 compared to June 30, 2021 was primarily due to strong business conditions that began in the second half of fiscal 2021 as businesses and individuals adapted to the effects of the COVID-19 pandemic. Business conditions continued to be strong in the three months ended June 30, 2022. Additionally, semiconductor industry conditions have resulted in increased costs throughout our supply chain, which we have been passing on to our customers in the form of price increases. These price increases also contributed to the increase in net sales during the three months ended June 30, 2022 compared to the three months ended June 30, 2021. Our price increases were implemented at various times and in various amounts throughout fiscal 2022 with respect to our very broad range of customers and products. Due to the complexity of the implementation of the price increases and the changes in product, geographic and customer mix, we are not able to quantify the impact of the price increases on our net sales. Additionally, the increase in net sales was positively impacted by strength in our microcontroller and analog product lines.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
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Patents

Utility
Deep Learning-based Holdover Compensation, and Related Systems, Methods and Devices
18 Aug 22
In one aspect, a method of adjusting a first oscillating signal, includes generating a relationship prediction responsive to a deep learning model configured to predict a relationship between a fundamental quantity of a first oscillating signal and a fundamental quantity of a second oscillating signal, and applying an adjustment to the first oscillating signal responsive to the relationship prediction to produce an adjusted oscillating signal, wherein the adjusted oscillating signal replaces the second oscillating signal.
Utility
ReRAM Memory Array
18 Aug 22
A ReRAM memory array includes ReRAM memory cells and a select circuit having two series-connected select transistors connected in series with a ReRAM device.
Utility
Trap Sub-portions of Computer-readable Instructions and Related Systems, Methods, and Apparatuses
18 Aug 22
Trap sub-portions of computer-readable instructions and related systems, methods, and devices are disclosed.
Utility
Systems and methods for improved root mean square (RMS) measurement
16 Aug 22
Systems and methods are provided for improving the operation of a computer or other electronic device that utilizes root-mean-square (RMS) measurements, e.g., RMS current measurements, by reducing error in the RMS measurement.
Utility
Accumulators for Reducing Frequency of Samples and Related Apparatuses, Systems, Methods
11 Aug 22
Accumulators for reducing frequency of samples and related apparatuses, systems, and methods are disclosed.