Microchip Technology Incorporated reported fourth-quarter fiscal 2022 non-GAAP earnings of $1.35 per share, exceeding Zacks Consensus Estimate by 8% and showcasing a 45.2% year-over-year earnings surge. The company’s net sales hit $1.844 billion, reflecting a 25.7% increase from the previous year, while analysts highlight it as a safer investment amid market volatility. Additionally, Microchip announced a quarterly dividend of 27.6 cents per share and projected first-quarter fiscal 2023 net sales between $1.918 billion and $1.992 billion, indicating a robust strategic outlook.
“Microchip Technology Incorporated · announced · presentation at the Stifel Cross-Sector Insight Conference · June 7 at 11:30 a.m. (Eastern Time)”
“Microchip Technology Incorporated · is a · provider of smart, connected and secure embedded control solutions”
“Microchip Technology Incorporated · serves · more than 120,500 customers”
“Microchip Technology Incorporated · is headquartered in · Chandler, Arizona”
“analyst Joseph Moore · says · MIcrochip Technology, Sensata, and Lam Research · look like safer bets among chip stocks in the face of market turmoil”
“Microchip Technology Incorporated · is headquartered in · Chandler, Arizona”
“Microchip Technology · reported · fourth-quarter fiscal 2022 non-GAAP earnings · $1.35 per share”
“Microchip Technology · beat · Zacks Consensus Estimate · by 8%”
“Microchip Technology · surged · earnings year-over-year · 45.2%”
“Microchip Technology · reported · net sales · $1.844 billion”
“Microchip Technology · increased · net sales year over year · 25.7%”
“Microchip Technology · surpassed · Zacks Consensus Estimate · by 1.3%”
