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Dynamic quotes 
OFFON

MICROCHIP TECHNOLOGY, INC.

(MCHP)
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Microchip Technology, Inc. : The stock forcefully approaches new pivot levels

09/24/2021 | 02:51am EDT
long trade
Stop-loss triggered
Entry price : 164.13$ | Target : 200$ | Stop-loss : 145$ | Potential : 21.85%
Microchip Technology, Inc. shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Investors have an opportunity to buy the stock and target the $ 200.
Microchip Technology, Inc. : Microchip Technology, Inc. : The stock forcefully approaches new pivot levels
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths
  • The earnings growth currently anticipated by analysts for the coming years is particularly strong.
  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The group usually releases upbeat results with huge surprise rates.

Weaknesses
  • One of the major weak points of the company is its financial situation.
  • The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 39.71 times its estimated earnings per share for the ongoing year.
  • The company's "enterprise value to sales" ratio is among the highest in the world.
  • The company appears highly valued given the size of its balance sheet.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
  • The average consensus view of analysts covering the stock has deteriorated over the past four months.

ę MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2022 6 603 M - -
Net income 2022 1 190 M - -
Net Debt 2022 7 343 M - -
P/E ratio 2022 34,9x
Yield 2022 1,45%
Capitalization 39 889 M 39 889 M -
EV / Sales 2022 7,15x
EV / Sales 2023 6,48x
Nbr of Employees 19 500
Free-Float 92,4%
Upcoming event on MICROCHIP TECHNOLOGY, INC.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 72,78 $
Average target price 89,34 $
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Ganesh Moorthy President, Chief Executive Officer & Director
James Eric Bjornholt Senior VP, Chief Financial & Accounting Officer
Steve Sanghi Executive Chairman
Matthew W. Chapman Independent Director
Wade F. Meyercord Independent Director
Sector and Competitors
1st jan.Capi. (M$)
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BROADCOM INC.14.94%207 146
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