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

Microchip Technology Incorporated (MCHP)  More Company Research Source: Seeking Alpha
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
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 [Read more]
IMPACT SNAPSHOT EVENT TIME: MCHP
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Don't Miss Out On The Next BIG Stock Move
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Event Day Chart will not be displayed beyond 90-day period of the event
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Stockreport

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

Microchip Technology Incorporated  (MCHP) 
More Company Research Source: Seeking Alpha
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MCHP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS