Microchip Technology, Inc. (MCHP)

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.

Strong products, great management in a cyclical industry recovery.

Got a positive review in Rukyser's WSW newsletter; affirmed a hefty 5% cash dividend based upon recent price of around $26/share. I like to think of it as a hybrid between a growth stock and a value/income stock.

Fat dividend, high ROE, high profit margin. This is the kind of stock investors will turn to as the market rally turns into the market blahs of summer.

Profitable Tech Stock 50% off its highs that pays a fat dividend that the company is committed to paying.

Cant they just make a super chip that will make me better
coffee

Strong player in electronics that has plenty of cash in reserve. Very willing to pay out a good dividend.

Leader in the lowest-cost microcontrollers. Their products have become the standard as low-cost products get attached to the Web. Millions of programmers worldwide have set PIC (from MCHP) as the de-facto standard.

MCHP has a 6% dividend that is unlikely to be reduced.

dividend

Chips are in everything.

Solid company

1st class management

Growth

consistently good performance

From article in the "TheStreet.com," April 28, 2008: "Microchip said its book-to-bill ratio was 1.06 in [in its fiscal fourth] quarter, meaning that the company's orders were exceeding its current sales -- a sign of healthy future demand. Still, the company said it continues to watch economic conditions very carefully while monitoring the potential impact on its business.

"Microchip said sales in the current quarter will be up 2% to 6% sequentially, which translates to a range of $265.6 million to $276 million, with EPS between 39 cents and 41 cents. "

I've owned them in real life for nine years and they have been a nice steady company, and keep coming up with new products that keep their customers coming back. Plus I love those dividends!

Primed for a big move. Outperforms their industry peers in average ROE and average net income. Low P/E relative to industry peers also. Stable growth, decent dividend for a tech.

Increases dividends almost every quarter but I am not sure how much longer that can continue.

Technology company that makes microcontrollers, microprocessors, and other electrical parts for multiple different products, used by multiple different companies for almost everthing electric. Not dependent on "cutting edge" technology, it is more responsible for building the "guts" of all things electrical (refridgerators, TV's, radios, cell phones, toasters, etc., etc.) Microcontrollers are essential for almost all things electric, and MCHP has the corner on a substantial portion of the entire market. It is a cash cow, and it has consistently raised its dividend, now over 4%. Very shareholder friendly. How many other tech companies pay ANY dividend, much less 4%, while they grow?