Professional
Added to YB: 2024-07-30
Pitch date: 2024-06-30
MCHP [bullish]
Microchip Technology Incorporated
-23.32%
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
$87.61
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
growth
Aristotle Core Equity New Position: Microchip Technology Incorporated
MCHP: Embedded control solutions leader w/ 30yr tech expertise. Total System Solution driving share gains & margin expansion. Accelerated inventory drawdown, early signs of end demand recovery. Strong margin expansion history, expect gross margins to trough & expand via efficiencies & pricing. Higher op margins & FCF anticipated. Key markets: 5G, IoT, EV, ADAS.
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