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Microchip Technology Inc - Stock Quote MCHP

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Morningstar's Microchip Technology Inc Stock Analysis

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Microchip’s Revenue Should Remain Elevated Amid the Chip Shortage; $83 FVE, Shares Undervalued

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

Wide-moat Microchip Technology reported solid fiscal fourth-quarter results and provided investors with an upbeat forecast for the June quarter as chip demand still significantly exceeds supply. We maintain our $83 fair value estimate and view shares as undervalued.

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Microchip Technology Inc's Company Profile

Business Description

Microchip became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

2355 West Chandler Boulevard
Chandler, AZ, 85224-6199
T +1 480 792-7200
Sector Technology
Industry Semiconductors
Most Recent Earnings Mar 31, 2022
Fiscal Year End Mar 31, 2023
Stock Type Cyclical
Employees 21,000

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