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Stock impact report

Microchip Technology: Valuation Is Too Steep For My Liking [Seeking Alpha]

Microchip Technology Incorporated (MCHP) 
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
Company Research Source: Seeking Alpha
MCHP's inventory days remain elevated at 201, limiting operating leverage and raising the risk of further inventory-related charges despite improving demand signals. Valuation is stretched at 30x one-year forward PE, already pricing in a full recovery, which caps upside and compresses risk/reward. I maintain a hold rating on MCHP, preferring a cheaper entry or clearer demand acceleration before turning bullish. luza studios/E+ via Getty Images Investment Summary My previous investment thought on Microchip Technology ( MCHP ) was a downgrade to a hold rating because the turnaround that I expected did not play out. Fast forward to today, and the recent Q3 This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other Show less Read more
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