NasdaqGS:MCHPSemiconductor
Microchip Technology (MCHP): Valuation Check After Guidance Raise, New Power Monitors and Fresh Analyst Upgrades
Microchip Technology (MCHP) is back in focus after the company raised its third quarter guidance, pointing to stronger bookings and backlog, while also rolling out power monitors aimed at cutting energy use in portable devices.
See our latest analysis for Microchip Technology.
That stronger outlook seems to be feeding into sentiment, with the stock delivering a roughly 27.5 percent 1 month share price return and a healthier 1 year total shareholder return of about 20.6 percent. This suggests...