Back to top

Image: Bigstock

Microchip Technology Inc.

Read MoreHide Full Article

Microchip is one of the better-positioned companies in the semiconductor industry based on its product strength. The company is benefiting from the addition of Atmel’s product portfolio, which it acquired in Apr 2016.  We believe that recently launched products like the PIC32MZ DA microcontroller (MCU) family and the PIC16F19197 family (low power MCUs) will increase customer base. The newly added Wi-Fi Software Development Kit (SDK) with Apple  HomeKit support further expands its product portfolio. All these provide a competitive edge to the company. Moreover, acquisitions like that of Atmel are likely to expand its geographical presence, augment customer base, extend product portfolio and supplement operational excellence. We note that the stock has outperformed the S&P 500 index on a year-to-date basis.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Microchip Technology Incorporated (MCHP) - free report >>

Published in