Microchip Looks Undervalued, But There Are Short-Term Challenges To Consider [Seeking Alpha]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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US:NASDAQ Investor Relations:
microchip.com/investors
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Source: Seeking Alpha
Summary Buying good companies on stumbles is a time-tested strategy, but one that stills carries risk – it’s not always easy to separate a stumble from a prolonged tumble down the stairs. In the case of Microchip ( MCHP ), while issues related to its recent Microsemi purchase loom larger in the short term, I’m a little more concerned about the potential impact of extended lead times and weakening demand in important end-markets. I believe Microchip has proven itself to be a well-run chip company, and I like the company’s diverse capabilities across microcontrollers (or MCUs) and analog, as well as the new opportunities brought in with the Microsemi deal (including FPGAs, timing products, data center products, and so on). Although this may not be the ideal time to buy given sentiment toward the semiconductor space, the long-term value proposition makes this a name worth considering for more value-driven investors. Are Strong MCU Sales At Risk? Although the reported
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MCHP
News
- Global Semiconductor Bus Switches Market Set for Growth, Driven by Technological Advancements and Demand in AI and IoT [Yahoo! Finance]Yahoo! Finance
- Microchip Technology Expands TrustFLEX Family with CEC1736 Real-time Platform Root of Trust DevicesGlobeNewswire
- Microchip Technology (MCHP) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Q4 Earnings Roundup: Microchip Technology (NASDAQ:MCHP) And The Rest Of The Analog Semiconductors Segment [Yahoo! Finance]Yahoo! Finance
- Microchip Technology Releases Qi® v2.0 Standards-Compliant dsPIC33-Based Reference Design [Yahoo! Finance]Yahoo! Finance
MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 3/8/24 - Form 4
- 3/8/24 - Form 4
- 3/7/24 - Form 8-K
- MCHP's page on the SEC website