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INX:MCHP, Oct 23, 08:28 UTC

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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Tribune Media, Microchip Technology, and Cocrystal and Encourages Investors to Contact the Firm

MCHP

reminds investors that class action lawsuits have been commenced on behalf of stockholders of Tribune Media Company, Microchip Technology Incorporated, and Cocrystal Pharma, Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. To learn more about the Tribune class action go to: http://bespc.com/tribune/. The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) defendants were engaged in a pump-and-dump scheme to artificially inflate Cocrystal’s stock price; (2) this illicit scheme would result in governmental scrutiny, including from the SEC; (3) defendants failed to abide by SEC disclosure regulations; and (4) as a result, defendants’ statements about Cocrystal’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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Yesterday


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Microchip Technology Inc. (MCHP) Shares Bought by Oak Asset Management LLC – PressOracle

MCHP

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Glen Harbor Capital Management LLC now owns 30,128 shares of the semiconductor company’s stock worth $2,740,000 after purchasing an additional 5,292 shares in the last quarter. Assetmark Inc. increased its stake in shares of Microchip Technology by 12.8% in the second quarter. Assetmark Inc. now owns 5,742 shares of the semiconductor company’s stock worth $522,000 after purchasing an additional 650 shares in the last quarter. Also, CFO James Eric Bjornholt sold 1,887 shares of Microchip Technology stock in a transaction that occurred on Wednesday, August 22nd. During the same quarter in the previous year, the company earned $1.31 earnings per share. As a group, equities research analysts anticipate that Microchip Technology Inc. will post 6.36 earnings per share for the current year.

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Friday, October 19


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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Microchip Technology Incorporated - MCHP

MCHP

NEW YORK, Oct. 19, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Microchip Technology Incorporated (“Microchip” or the “Company”) (NASDAQ: MCHP). The investigation concerns whether Microchip and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On May 29, 2018, Microchip announced the completion of the Microsemi acquisition, advising investors that the “acquisition will significantly enhance our product portfolio, end-market diversification, operational capabilities and customer scale.”. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct.

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LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 in Microchip Technology, Inc. to Contact the Firm

MCHP

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Microchip Technology, Inc. (“Microchip” or the “Company”) (MCHP) of the November 16, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Microchip stock or options between March 2, 2018 and August 9, 2018 and would like to discuss your legal rights, click here:www.faruqilaw.com/MCHP. Specifically, on August 9, 2018, Company CEO Steven Sanghi admitted that Microsemi “was extremely aggressive in shipping inventory into the distribution channel,” a factor which would cause Microchip “some headwind for revenue for the next couple of quarters.”. On this announcement, Microchip’s share price fell from $98.08 per share on August 9, 2018 to a closing price of $87.41 per share on August 10, 2018—a $10.67 or a 10.88% drop. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

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Thursday, October 11


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Morgan Stanley Trims Microchip Technology (NASDAQ:MCHP) Target Price to $95.00 – PressOracle

MCHP

Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Shares of Microchip Technology stock traded up $1.61 during trading hours on Wednesday, reaching $68.05. The company’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, sell-side analysts expect that Microchip Technology will post 6.51 earnings per share for the current year. Janus Henderson Group PLC now owns 12,919,605 shares of the semiconductor company’s stock valued at $1,175,042,000 after buying an additional 582,965 shares in the last quarter.

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Create secure connected applications in a single click with Microchip's AVR(R) MCU Development Board for Google Cloud

MCHP GOOG +1 more MCHP GOOG GOOGL

Microchip Technology Inc. (MCHP) has announced a new Internet of Things (IoT) rapid development board as part of an expanded partnership with Google Cloud, enabling designers to prototype connected devices within minutes. The AVR-IoT WG development board gives developers the ability to add Google Cloud connectivity to new and existing projects with a single click using a free online portal at www.AVR-IoT.com. Among the benefits of connecting devices to Google Cloud IoT Core's infrastructure are the powerful data and analytics that enable designers to make better, smarter products. As part of the infrastructure, embedded designs can better take advantage of, and respond to, rapidly changing conditions across many sensor nodes. "Microchip's solutions enable Google Cloud IoT customers to build or migrate their applications with speed and scale, without compromising on security," said Antony Passemard, Head of Product Management for Google Cloud IoT.

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Wednesday, October 10


News

Create Secure Connected Applications in a Single Click with Microchip’s AVR® MCU Development Board for Google Cloud

MCHP GOOG +1 more MCHP GOOG GOOGL

Microchip Technology Inc. (MCHP) today announced a new Internet of Things (IoT) rapid development board as part of an expanded partnership with Google Cloud, enabling designers to prototype connected devices within minutes. The AVR-IoT WG Development Board gives developers the ability to add Google Cloud connectivity to new and existing projects with a single click using a free online portal at www.AVR-IoT.com. “Microchip’s solutions enable Google Cloud IoT customers to build or migrate their applications with speed and scale, without compromising on security,” said Antony Passemard, Head of Product Management for Google Cloud IoT. Development Tools. As announced last week, AVR devices are now beta supported in the MPLAB X Integrated Development Environment (IDE), giving designers the option to choose between MCC or Atmel START when developing with the AVR-IoT Development Board.

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Friday, October 05


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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Ampio, Microchip Technology, Chegg, and Alnylam and Encourages Investors to Contact the Firm

MCHP

reminds investors that class action lawsuits have been commenced on behalf of stockholders of Ampio Pharmaceuticals, Inc., Microchip Technology Incorporated, Chegg, Inc., and Alnylam Pharmaceuticals, Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. To learn more about the Ampio class action go to: https://bespc.com/ampio/. Specifically, defendants failed to disclose to investors: (1) that the company lacked adequate security measures to protect users data; (2) that the company lacked the internal controls and procedures to detect unauthorized access to its systems and to its data; (3) that as a result, the company would incur additional expenses and litigation risks; and (4) that, as a result of the foregoing, defendant’s positive statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

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Microchip Technology Incorporated (MCHP) Moves Lower on Volume Spike for October 05

MCHP

Among the S&P 500’s biggest fallers on Friday October 05 was Microchip Technology Incorporated (MCHP). Microchip Technology Incorporated started at an opening price of 71.45 and hit a high of $71.83 and a low of $68.60. Microchip Technology Incorporated trades an average of 3.01 million shares a day out of a total 235.56 million shares outstanding. After today’s trading, the company’s market cap has fallen to $16.32 billionAs for its value, <?=Microchip Technology Incorporated?> has a P/E ratio of <166.1, a P/S of 5.24, a P/B of 3.19, and a P/FCF of -2.3.

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Thursday, October 04


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Better Buy: Texas Instruments vs. Microchip Technology

MCHP TXN

Two leading microcontroller and analog chip companies are Texas Instruments(NASDAQ: TXN) and Microchip Technologies(NASDAQ: MCHP). In July, Texas Instruments' new CEO, Brian Crutcher, resigned due, according to the company, to "violations of the company's code of conduct. The violations are related to personal behavior that is not consistent with our ethics and core values, but not related to company strategy, operations or financial reporting." After acquiring Microsemi for $10.15 billion in May, Microchip found out that prior management had been sending larger orders to distributors in exchange for discounts in order to make its recent quarters look better. Texas Instruments is fortunate to have Templeton return to the helm and Microsemi's management believes the excess channel inventory should be cleared over the next few quarters and reiterated its $300 million cost-saving synergy target even after the revelations.

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