Microchip Technology, Inc. (NASDAQ:MCHP)

Microchip showed up on my radar a few months ago as a solid growth stock with the financial quality to back it up and a dividend attractive to many investors, but I thought it was a little overpriced as a stock, especially looking at a P/S ratio that was near 4.5. With a major drop in price a few days ago I see this stock balancing out its value and coming to a price solidly built on the other great stats. While I still would've prefered a little cheaper share price, I think the dividends, financial stability, and steady but not out-of-control growth can back up this price and future increases.

good cashflow, growth rate, good forward P/E

Profile
Microchip Technology Inc.
2355 West Chandler Boulevard
Chandler, AZ 85224-6199
United States - Map
Phone: 480-792-7200
Fax: 480-899-9210
Website: www.microchip.com

Details
Index Membership: S&P 500
S&P 1500 Super Comp
Nasdaq 100
Sector: Technology
Industry: Semiconductor - Specialized
Full Time Employees: 5,418

Business Summary

Microchip Technology Incorporated, together with its subsidiaries, develops and manufactures semiconductor products for various embedded control applications. Its product portfolio comprises 8-bit, 16-bit, and 32-bit PIC microcontrollers; and 16-bit dsPIC digital signal controllers, which feature on-board flash memory technology. The company also offers development tools; analog and interface products, including power management, linear, mixed-signal, thermal management, and interface products; and memory products, which primarily consist of serial electrically erasable programmable read-only memory products. It serves consumer, automotive, industrial, office automation, and telecommunication markets. The company markets its products primarily through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is based in Chandler, Arizona.

***All above information from YAHOO FINANCE***

A tech stock with a decent yield
Will outperform because it pays a dividend, it may be that simple

Good dividend, good margins, everything looks good.

Chandler, AZ company: Since calendar year 1996 Microchip Technology Inc. has outperformed the S&P 500.

http://seekingalpha.com/article/214759-five-tech-stocks-for-growth-and-income?source=TheMotleyFool

Looks solid.

Strong fundamentals along with a bounce against it's 50-Day Moving Average.

Earnings beat a coming

Red Raider is Lord

Even my toaster has a microcontroller in it now, and a 5% yield.

My husband who teaches electrical engineering really likes their products and very prompt delivery service. This is a company that he recommends frequently to students.

Has historically done well, and the main product they make (tiny microprocessors) is only going to be in more demand over time.

Divedend looks good. As an engineer I may be biased because I like their parts. They have been a reliable supplier for us and their products are very inovative, especially useful as things get smaller and a desire to do more with less power.

Stellar management. Great increaing dividend and price appriciation to the tune of 30%-50% over the next 12 months. Bought in a few months back at $24.50, but just updating because it is now a long term hold! Semi conductor cycle has another two years to run.

Solid company. Never lost money or laid off any employees. A great long pick.

Microchip has a reliable track record of producing products the market seeks and doing so at low cost and high gross margins. Earnings and dividends are solid!

food is first after water

With America continuing to grow, we need more businesses.
With more businesses, comes more technology. With more
technology comes more power.