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Stock Market & Financial Investment News

News Breaks
March 24, 2014
12:55 EDTMCHP, MCHP, MCHP, SUPX, SUPX, SUPXSupertex to host special shareholder meeting
Special shareholder meeting to be held in Sunnyvale, California to vote on merger agreement whereby Supertex becomes a wholly-owned subsidiary of Microchip Technology on April 1 at 1 pm.
News For MCHP;SUPX From The Last 14 Days
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October 31, 2014
16:24 EDTMCHPStocks finish week higher after Japan stimulus, strong U.S. GDP growth
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12:22 EDTMCHPChip makers rebound after Microchip says sector outlook improved
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08:44 EDTMCHPMicrochip weakness creates buying opportunity, says Stifel
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October 30, 2014
18:39 EDTMCHPOn The Fly: After Hours Movers
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16:41 EDTMCHPMicrochip sees Q3 EPS 59c-64c, consensus 62c
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16:40 EDTMCHPMicrochip reports Q2 EPS 67c, consensus 67c
Reports Q2 revenue $546.2M, consensus $548.6M.
15:30 EDTMCHPNotable companies reporting after market close
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October 23, 2014
08:14 EDTMCHPMicrochip announces strategic partnership with Xymox Technologies
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October 20, 2014
14:29 EDTMCHPEarnings Preview: Texas Instruments down 9% over last three months
Semiconductor maker Texas Instruments (TXN) is expected to report third quarter earnings after the close on Monday, October 20, with a conference call scheduled for 5:30 pm ET. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $3.46B. The consensus range is 66c-74c for EPS on revenue of $3.44B-$3.5B, according to First Call. Along with its last earnings report, Texas Instruments guided to Q3 EPS of 66c-76c on revenue of $3.31B-$3.59B. LAST QUARTER: On July 21, Texas Instruments reported second quarter EPS of 62c, which was higher than analysts' consensus of 59c. The company's revenue of $3.29B exceeded analysts' expectation of $3.27B. Texas Instruments noted that the restructuring changes which occurred in Q2 are positioned to be nil in Q3 and noted that it anticipated utilization in Q3 to remain consistent with Q2 levels. NEWS: On September 18, Texas Instruments increased its quarterly dividend by 13% to 34c. WHAT'S NOTABLE: After the close on October 9, Microchip (MCHP), which develops microcontroller and analog semiconductors, said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future." STREET RESEARCH: Analysts were fairly quiet on Texas Instruments during the quarter. The day after the company issued its Q2 earnings report, Sterne Agee believed that Texas Instruments' commentary on 4G telecom, auto and industrial strength should be positive for Spansion (CODE). RBC Capital noted on the same day that Texas Instruments had "strong" Q2 results, particularly in its execution, while its operating margin leverage was "impressive. The firm maintained a $57 price target and Outperform rating on the stock. On July 24, Tigress Financial upgraded Texas Instruments to Neutral from Underperform. PRICE ACTION: Over the last three months, Texas Instruments' shares are down about 9%. Since October 10, the day after Microchip's warning on the industry correction it believes has begun, Texas Instruments shares are down over 3%. In afternoon trading before tonight's report, Texas Instruments was up 1.7% to $44.41.

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