🏴‍☠️ MICROCHIP TECHNOLOGY USD (MCHP-USD)

19 Comments

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COMMUNICATIONS & NETWORKING | COMPUTERS, PHONES & HOUSEHOLD ELECTRONICS | ELECTRONIC EQUIPMENT & PARTS | OFFICE EQUIPMENT | SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | SOFTWARE & IT | TELECOMMUNICATIONS

19 thoughts on “🏴‍☠️ MICROCHIP TECHNOLOGY USD (MCHP-USD)”

  1. #MCHP is “In Play”

    Microchip reaffirms SepQ guidance ahead of investor presentation:

    – Co reaffirms Q2 (Sep) guidance: sales of between $1.323-1.375 bln vs CapitalIQ consensus of $1.35 bln. Non-GAAP EPS guidance reaffirmed at $1.37-1.49 vs consensus of $1.44.

    – Microchip is presenting at the Citi 2019 Global Technology Conference tomorrow.

  2. MCHP IS “IN PLAY”

    Microchip to report this evening

    Microchip will report its Q2 results after today”s closing bell, followed by management”s conference call at 17:00 ET.

    The Capital IQ consensus expects the supplier of microcontrollers and other logic chips to report a 20.4% yr/yr decrease in EPS to $1.44 on a 10.7% yr/yr drop in revenue to $1.35 bln.

    The company reaffirmed its guidance for Q2 EPS between $1.37 and $1.49 and revenue between $1.323 bln and $1.375 bln on September 3.

    The stock was upgraded to Strong Buy from Market Perform at Raymond James on October 30 due to expectations for general improvement in the industry.

    Investors will watch inventory levels after the company forecast that channel inventories will begin decreasing.

    The company has some exposure to tariffs on imports from China, so commentary on that front will also be of note.

    Microchip trades at 15.4x forward earnings expectations, which represents a premium to NXP Semiconductor (NXPI 119.40, +1.52, +1.3%) and a discount to Analog Devices (ADI 113.51, +2.12, +1.9%).

    Microchip misses by $0.01, misses on revs; guides Q3 below consensus; declares increased quarterly cash dividend of $0.3665/share, prior $0.3660/share

    Reports Q2 (Sep) earnings of $1.43 per share, $0.01 worse than the S&P Capital IQ Consensus of $1.44; revenues fell 6.6% year/year to $1.34 bln vs the $1.35 bln S&P Capital IQ Consensus. End-market demand of $1.346 billion was $8.6 million higher than net sales.

    Co issues downside guidance for Q3, sees EPS of $1.12-1.32, excluding non-recurring items, vs. $1.44 S&P Capital IQ Consensus; sees Q3 revs of $1.204-1.311 bln vs. $1.35 bln S&P Capital IQ Consensus.

    Microchip”s inventory days in the December 2019 quarter are expected to be in the range of 131 to 144 days, compared to 131 days at September 30, 2019. Capital expenditures for the quarter ending December 31, 2019 are expected to be between $20 million and $25 million.

    Capital expenditures for all of fiscal 2020 are expected to be between $90 million and $100 million.

    MCHP, (Trade) has reported earnings of 1.43 per share versus last year’s earnings of 1.81 per share.

    Adjusted Buy Stop to 95.85. from ASSESSING.

    Adjusted Sell Stop to ASSESSING. from 98.6.

    Converted 100% of Investment/Trade Money at approximately 98.6. (Shares: 1) generating about +‭13.9226% of NEW Commission FREE Cash Reserve.

    https://www.facebook.com/groups/493863300973045/permalink/861299517562753/

  3. MCHP IS IN PLAY

    Microchip narrows Q3 non-GAAP EPS to $1.19-1.30 from $1.12-1.32 vs $1.23 S&P Capital IQ Consensus; rev to $1244-1298 mln from $1204-1311 bln vs $1.26 bln S&P Capital IQ Consensus

    Adjusted Buy Stop to 99.48. from 95.85.

    Adjusted Sell Stop to 98.23. from ASSESSING.

    Acquired at approximately 95.85. (Shares: 1) bringing the Average Price Paid (APP) to about 95.85.

    Transferred 100% of Trade Money to Investment Money (Shares: 1) bringing the Average Price Paid (APP) to about 95.85.

    https://www.facebook.com/groups/493863300973045/permalink/861299517562753/

  4. #MCHP IS IN PLAY

    Adjusted Multiplier to 3. from 2.

    Adjusted Buy Stop to 112.25. from 106.07.

    Adjusted Sell Stop to 109.84. from 105.08.

    Acquired at approximately 106.07. (Shares: 2) bringing the Average Price Paid (APP) to about 103.8734.

    Converted 100% of Investment/Trade Money at approximately 105.08. (Shares: 1) generating about +9.6297% of NEW Commission FREE Cash Reserve.

    https://www.facebook.com/groups/493863300973045/permalink/861299517562753/

  5. #MCHP IS IN PLAY

    If you like to make money, then do what I do; not what I say

    Adjusted Multiplier to 11.512283. from 12.000000.

    Adjusted Buy Stop to 86.86. from ASSESSING.

    Adjusted Sell Stop to ASSESSING. from ASSESSING.

    Acquired at approximately ASSESSING. (Shares: ASSESSING) bringing the Average Price Paid (APP) to about ASSESSING.

    Transferred 100% of Trade Money to Investment Money (Shares: ASSESSING) bringing the Average Price Paid (APP) to about ASSESSING.

    Converted 100% of Investment/Trade Money at approximately ASSESSING. (Shares: ASSESSING) generating about +ASSESSING% of NEW Commission FREE Cash Reserve.

    https://www.facebook.com/groups/493863300973045/?post_id=861299517562753

  6. #MCHP IS IN PLAY

    If you like to make money, then do what I do; not what I say

    Adjusted Multiplier to 11.202911. from 11.512283.

    Adjusted Buy Stop to ASSESSING. from 86.86.

    Adjusted Sell Stop to ASSESSING. from ASSESSING.

    Acquired at approximately 86.86. (Shares: 11.000000) bringing the Average Price Paid (APP) to about 86.86.

    Transferred 100% of Trade Money to Investment Money (Shares: ASSESSING) bringing the Average Price Paid (APP) to about ASSESSING.

    Converted 100% of Investment/Trade Money at approximately ASSESSING. (Shares: ASSESSING) generating about +ASSESSING% of NEW Commission FREE Cash Reserve.

    https://www.facebook.com/groups/493863300973045/?post_id=861299517562753

  7. #MCHP IS IN PLAY

    Multiplier (X) to 0.368389. from 11.202911.

    Buy Stop Limit (BSL) to 108.31. from ASSESSING.

    Sell Stop Limit (SSL) to 105.16. from ASSESSING.

    Converted Trade (T) to Investment (I) (Share: 11) bringing the Average Price Paid (APP) to about 86.86.

    Just to reiterate, I placed the following order(s):
    + Buy 1. Shares @ Limit Price: 108.31.
    – Sell 11. Shares @ Limit Price: 105.16.

    https://www.facebook.com/groups/493863300973045/?post_id=861299517562753

  8. #MCHP IS IN PLAY

    Multiplier (X) to 2.207583. from 0.368389.

    Buy Stop Limit (BSL) to 109.26. from 108.31.

    Sell Stop Limit (SSL) to ASSESSING. from 105.16.

    Converted Cash Reserve (CR) to Trade (T) at approximately 108.31. (Share: 1) bringing the Average Price Paid (APP) to about 108.31.

    Converted Investment (I) to Cash Reserve (CR) at approximately 105.16. (Share: 11) generating about +21.07% ROI (Return on Investment).

    Just to reiterate, I placed the following order(s):
    + Buy 2. Shares @ Limit Price: 109.26.

    https://www.facebook.com/groups/493863300973045/permalink/861299517562753

  9. #MCHP IS IN PLAY

    Multiplier (X) to 2.074420. from 2.207583.

    Buy Stop Limit (BSL) to 116.27. from 109.26.

    Sell Stop Limit (SSL) to 113.73. from ASSESSING.

    Converted Cash Reserve (CR) to Trade (T) at approximately 109.26. (Share: 2) bringing the Average Price Paid (APP) to about 108.9433.

    Converted Trade (T) to Investment (I) (Share: 3) bringing the Average Price Paid (APP) to about 108.9433.

    Just to reiterate, I placed the following order(s):
    + Buy 2. Shares @ Limit Price: 116.27.
    – Sell 3. Shares @ Limit Price: 113.73.

    https://www.facebook.com/groups/493863300973045/permalink/861299517562753

  10. #MCHP IS IN PLAY

    Multiplier (X) to 1.920171. from 2.074420.

    Buy Stop Limit (BSL) to 133.09. from 116.27.

    Sell Stop Limit (SSL) to 129.22. from 113.73.

    Converted Cash Reserve (CR) to Trade (T) at approximately 116.27. (Share: 2) bringing the Average Price Paid (APP) to about 116.27.

    Converted Trade (T) to Investment (I) (Share: 2) bringing the Average Price Paid (APP) to about 116.27.

    Converted Investment (I) to Cash Reserve (CR) at approximately 113.73. (Share: 3) generating about +4.39% ROI (Return on Investment).

    Just to reiterate, I placed the following order(s):
    + Buy 1. Shares @ Limit Price: 133.09.
    + Sell 2. Shares @ Limit Price: 129.22.

    https://www.facebook.com/groups/493863300973045/permalink/861299517562753

  11. #MCHP IS IN PLAY

    Multiplier (X) to 1.862313. from 1.920171.

    Buy Stop Limit (BSL) to 135.42. from 133.09.

    Sell Stop Limit (SSL) to 133.94. from 129.22.

    Converted Cash Reserve (CR) to Trade (T) at approximately 133.09. (Share: 1) bringing the Average Price Paid (APP) to about 133.09.

    Converted Trade (T) to Investment (I) (Share: 1) bringing the Average Price Paid (APP) to about 121.8767.

    Just to reiterate, I placed the following order(s):
    + Buy 1. Shares @ Limit Price: 135.42.
    + Sell 3. Shares @ Limit Price: 133.94.

    Data:
    http://xiimm.net/collective/2020/12/29/microchip-technology-usd-mchp-usd/

    Graphics:
    http://xiimm.net/collective/mchp/

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