Microchip: A Buy On Demand, Capacity And Dividend Expansion [Seeking Alpha]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: Seeking Alpha
Pro2sound/iStock via Getty ImagesMicrochip nology (NASDAQ:MCHPnow found in almost every appliance, while electric cars use even more of them than gas powered models. Microchip has a huge order backlog. Its revenue is growing rapidly. It has long paid a dividend, which it has also been boosting lately. While the company is not without risk, I believe it is not just a safe stock, but a good Buy at the current price. This article will review March quarter results and then explain why the stock price is highly likely to appreciate for at least a couple of years. Downside risks will be pointed out, too.Data byYChartsMarch 2022 Results (Fiscal Q4 2022)Microchip'sup 25%Microchip reported that its backlog of orders reached a record high. Lead times for shipping orders remained stretched. Microchip’s costs were affected by inflation, and it did increase some of its own prices, contributing to a record gross margin of 66.2%. However, the main reason for the record gross margin was the high volu
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MCHP
News
- Microchip Technology Acquires Neuronix AI Labs [Yahoo! Finance]Yahoo! Finance
- Microchip Technology Acquires Neuronix AI LabsGlobeNewswire
- When Should You Buy Microchip Technology Incorporated (NASDAQ:MCHP)? [Yahoo! Finance]Yahoo! Finance
- Microchip Acquires ADAS and Digital Cockpit Connectivity Pioneer VSI Co. Ltd. to Extend Automotive Networking Market Leadership [Yahoo! Finance]Yahoo! Finance
- Microchip Acquires ADAS and Digital Cockpit Connectivity Pioneer VSI Co. Ltd. to Extend Automotive Networking Market LeadershipGlobeNewswire
MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website