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Micrel, Incorporated (MCRL)

  • Thu, Jan. 29, 4:39 PM
    • Micrel (NASDAQ:MCRL): Q4 EPS of $0.08 beats by $0.04.
    • Revenue of $57.92M (-3.5% Y/Y) misses by $1.63M.
    • Press Release
    | Comment!
  • Tue, Jan. 20, 10:58 AM
    • Micrel's (NASDAQ:MCRL) board has "unanimously decided to undertake a comprehensive review of strategic alternatives to enhance value for shareholders."
    • A Transactions Committee composed of three directors has been formed, and Credit Suisse hired to advise.
    • Plenty of other chipmakers have been acquired over the last 15 months.
    | Comment!
  • Tue, Jan. 6, 1:36 PM
    • Up 30% in 2014, the Philadelphia Semi Index (SOXX -2.2%) has fallen over 4% thus far in 2015. Today's decline comes as the Nasdaq drops 1.6%.
    • Many names are posting 3%+ losses. SWKS -4.2%. QRVO -5.8%. AMAT -3.4%. KLAC -3.1%. SYNA -5.4%. IPHI -9%. ARMH -5.4%. SIMO -4.5%. MCRL -3.9%. AMCC -3.9%. CODE -5.1%. CY -4.6%. QUIK -7.9%.
    • This morning, Gartner estimated global chip sales rose 7.9% in 2014 to $339.8B, a little less than the 9.4% recently estimated by IHS. Sell-side firms have forecast industry growth will fall to the ~5% range in 2015.
    • Gartner thinks memory sales rose 16.9%, fueled by a 31.7% increase in DRAM sales. All other chip markets rose by 5.4%, a marked improvement from 2013's 0.8%. Intel (15% share) and Samsung (10.4%) claimed over a quarter of industry sales between them. Qualcomm (5.6%), Micron (4.9%), and SK Hynix (4.7%) rounded out the top-5.
  • Oct. 23, 2014, 4:22 PM
    • Micrel (NASDAQ:MCRL): Q3 EPS of $0.07 misses by $0.03.
    • Revenue of $67.48M (+16.0% Y/Y) misses by $1.47M.
    • Press Release
    | Comment!
  • Jul. 24, 2014, 4:37 PM
    • Micrel (NASDAQ:MCRL): Q2 EPS of $0.09 misses by $0.01.
    • Revenue of $62.3M (+5.3% Y/Y) misses by $1.15M.
    • Press Release
    | 1 Comment
  • Jun. 17, 2014, 6:58 PM
    • The consolidation wave that has hit the semi industry could soon yield tax inversion deals for foreign firms similar to deals seen in the healthcare industry, says FBR's Christopher Rolland.
    • Inversion deals allow U.S. companies buying foreign firms to see lower tax rates if less than 80% of the equity in the new company is owned by legacy U.S. shareholders, and the post-merger company has substantial foreign ops.
    • Rolland thinks ARM (ARMH), NXP (NXPI), Mellanox (MLNX), and Taiwan's MediaTek could be among the foreign companies targeted by U.S. chipmakers. Worth noting: Mellanox sells more than just chips, and ARM's business model depends on the company maintaining a neutral status within the industry.
    • Meanwhile, Nomura's Romit Shah names 15 potential M&A candidates, and divides them into 3 groups: "Sub-scale companies" with high margins and strong IP; "strategic companies" with compelling product lines; and "undervalued companies."
    • Shah's "sub-scale companies:" IDTI, ISIL, MTSI, MCRL, SMTC, SLAB.
    • "Strategic companies:" ALTR, AMCC, ATML, CAVM, MPWR, BRCM ($22.5B market cap could make it tough to digest).
    • "Undervalued companies:" DIOD, IRF, MSCC.
  • Apr. 24, 2014, 4:47 PM
    • Micrel, Incorporated (MCRL): Q1 EPS of $0.07 beats by $0.01.
    • Revenue of $59.9M (+0.3% Y/Y) misses by $0.8M.
    • Press Release
    | Comment!
  • Jan. 30, 2014, 4:45 PM
    • Micrel, Incorporated (MCRL): Q4 EPS of $0.08 misses by $0.01.
    • Revenue of $60M (-3.7% Y/Y) beats by $0.7M.
    • Press Release
    | Comment!
  • Oct. 24, 2013, 5:09 PM
    • Micrel (MCRL): Q3 EPS of $0.09 beats by $0.01.
    • Revenue of $58.2M misses by $2.65M. (PR)
    | Comment!
  • Oct. 2, 2013, 9:07 AM
    • Micrel (MCRL) appoints Robert DeBarr as CFO. DeBarr will replace Ray Wallin, who resigned in Aug.
    • DeBarr has formerly served as Treasurer, CAO, and Controller of National Semiconductor before taking on the responsibility of integrating the company after Texas Instruments acquired it.
    | Comment!
  • Aug. 30, 2013, 4:54 PM
    • In an effort to "complement [its] high performance clock and timing products" as well as expand its MEMS capabilities, Micrel (MCRL) will acquire MEMS maker Discera.
    • The deal "gives MCRL the intellectual property and technical know-how to pursue not only MEMS-based timing devices but also other types of MEMS devices," CEO Ray Zinn says.
    • Terms of the deal were not disclosed but MCRL did say it expects the acquisition to be dilutive to earnings in FY13 and "neutral to slightly accretive in FY14." (PR)
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  • Aug. 23, 2013, 4:20 PM
    • Micrel (MCRL) CFO and VP of Finance & Human Resources Ray Wallin resigns. Wallin will stay on until Nov. 15 as the company searches for a replacement.
    • Previous: Micrel EPS in-line, revenue misses by $2.85M
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  • Jul. 25, 2013, 5:40 PM
    Micrel (MCRL): Q2 EPS of $0.10 in-line. Revenue of $59.2M misses by $2.85M. (PR)
    | Comment!
  • Apr. 25, 2013, 5:44 PM
    Micrel (MCRL): Q1 EPS of $0.11 beats by $0.02. Revenue of $59.7M misses by $1.5M. (PR)
    | Comment!
  • Jan. 31, 2013, 5:19 PM
    Micrel (MCRL): Q4 EPS of $0.06 misses by $0.01. Revenue of $62.3M beats by $1.28M. (PR)
    | Comment!
  • Dec. 7, 2012, 4:23 PM
    Micrel (MCRL) declares $0.0425/share quarterly dividend, in line with previous. Forward yield 1.80%. For shareholders of record Dec. 18. Payable Dec. 27. Ex-div date Dec. 14. Shares +1.4% AH. (PR)
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Company Description
Micrel Inc designs, develops, manufactures and markets analog, power and mixed-signal integrated circuits. The Company also manufactures custom analog and mixed-signal circuits and provides wafer foundry services.