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$24.21 -0.44 (-1.78%)
10/10/2008 4:00 PM

Microchip Technology, Inc. (MCHP)

CAPS Rating:
****

Develops and manufactures specialized semiconductor products used by its customers for a variety of embedded control applications.

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Avatar capitalgorilla (68.16) Submitted: 11/29/07 11:44 PM : Outperform Start Price: $28.20 MCHP Score: 26.46

solid microcontroller company, leader in 8-bit technology/market with new 16-32 bit controllers gaining momentum fast with higher margin, value.

Stock took a beating of 25% after Q3 results were interpreted as company loosing market share, margin, and market slowing down. But slow down was in older technology stuff going into cheap hvac/heating/etc controllers that slowed till recently due to housing/low end consumer market.

Excellent management made it beat S&P in the past and will do again now.

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