Added to YB: 2025-03-06
Pitch date: 2025-01-16
MCHP [bullish]
Microchip Technology Incorporated
+20.54%
current return
Author Info
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Company Info
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
Market Cap
$36.3B
Pitch Price
$55.73
Price Target
N/A
Dividend
2.71%
EV/EBITDA
44.35
P/E
-148.42
EV/Sales
9.85
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Aristotle Capital Value Equity Strategy Portfolio Holding: Microchip Technology Incorporated
MCHP: Revenue decline amid inventory correction. CEO Moorthy retired, Sanghi returned. Restructuring to resize manufacturing, reduce inventory. $90M annual savings from AZ fab closure. Missteps in inventory mgmt, but optimistic about right-sizing. Positioned for market share growth in MCUs, IoT, 5G, autonomous driving, data centers.
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