CHANDLER, AZ - Microchip Technology Incorporated (NASDAQ:MCHP), currently trading at $53.11 with a market capitalization of $28.5 billion, disclosed its financial outcomes for the third quarter of the fiscal year 2025 today, revealing the company’s latest performance figures. According to InvestingPro analysis, the stock appears undervalued at current levels. The semiconductor manufacturer, known for its microcontroller and analog semiconductors, provided the details in an 8-K filing with the Securities and Exchange Commission.
The press release attached to the 8-K filing, labeled Exhibit 99.1, contains the full details of the company’s financial results for the quarter. The company has maintained a strong dividend track record, having raised its dividend for 13 consecutive years, with payments maintained for 23 years straight. However, the document specifies that the information should not be considered "filed" for regulatory purposes nor subject to the liabilities of Section 18 of the Securities Exchange Act of 1934.
Microchip Technology has its headquarters in Chandler, Arizona, and operates under the legal jurisdiction of Delaware. The company’s fiscal year concludes at the end of March.
The announcement of the financial results is part of the company’s regular disclosures to keep investors and the market informed about its performance. Microchip Technology’s common stock is traded on the NASDAQ Global Select Market under the ticker symbol MCHP.
This report is based on the company’s press release statement and provides a factual summary of the company’s disclosed financial results for the third quarter of the fiscal year 2025. The company’s performance is a key indicator of its financial health and operational success, and the quarterly results are closely watched by investors and analysts.
Investors and stakeholders can refer to the full text of the press release for a comprehensive understanding of Microchip Technology’s financial results. The company continues to comply with regulatory requirements by reporting its financial status through official filings like the 8-K.
For more detailed information, including the complete financial statements and management’s discussion, interested parties should consult the full Exhibit 99.1 attached to the 8-K filing. InvestingPro subscribers have access to 12 additional key insights about Microchip Technology, including detailed analysis of its financial health metrics and growth prospects. As always, investors are encouraged to review the official documents filed with the SEC to obtain a complete and accurate picture of the company’s financial performance. The company’s comprehensive Pro Research Report, available on InvestingPro along with 1,400+ other US stocks, provides deep-dive analysis and actionable intelligence for informed investment decisions.
In other recent news, Microchip Technology Incorporated has been making significant strategic moves. The company recently announced the appointment of Victor Peng, former president of Advanced Micro Devices (NASDAQ:AMD), to its Board of Directors. This addition adds considerable industry experience to the board, as Peng has held significant leadership roles within the semiconductor industry, notably at Xilinx (NASDAQ:XLNX) and AMD.
In product development, Microchip Technology has launched the MTCH2120 touch controller. This new device is the latest addition to its portfolio of turnkey touch solutions, offering a simplified way for designers to integrate touch button functionality into user interfaces.
On the financial front, the company has faced analyst attention from Needham and Stifel. Despite a revised December quarter revenue outlook and additional restructuring initiatives, Needham has reiterated its Buy rating and $85.00 price target for the company’s stock. Conversely, Stifel revised its price target for Microchip Technology, reducing it to $87 from $90, while maintaining a Buy rating.
Lastly, as part of its restructuring plan, Microchip Technology announced the imminent closure of its 200mm Fab 2 in Tempe, Arizona. This move is expected to result in inventory level improvements starting next quarter and anticipated cost savings of $90 million per year starting from the June 2026 quarter. These are the recent developments in Microchip Technology Incorporated’s operations.
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