Professional
Added to YB: 2024-10-17
Pitch date: 2024-09-30
MCHP [bullish]
Microchip Technology Incorporated
-12.77%
current return
Author Info
No bio for this author
Company Info
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
Market Cap
$27.5B
Pitch Price
$77.01
Price Target
N/A
Dividend
3.58%
EV/EBITDA
34.95
P/E
-112.45
EV/Sales
7.76
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Aristotle Global Equity Portfolio Holding: Microchip Technology Incorporated
MCHP: MCU & analog chip maker facing short-term challenges due to client inventory buildup post-chip shortage. Recovery signs emerging but slower than expected. 15+ year track record of strong FCF, margins, debt reduction & shareholder returns. Long-term growth in IoT, 5G, autonomous driving & data centers.
Read full article (1 min)