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Microchip Technology has been operating since 1989 and is known for producing smart, connected control systems globally, with a focus on micro-controllers and micro-processors. The company is involved in the automotive, industrial, edge AI, and AI infrastructure sectors. The analysts’ price target for the company is $102.22.
Decent if you're looking at 3-7 years. It makes semi-conductors. Trades at a reasonable valuation. You're buying the secular theme here, a secular bull market. Their chart is okay. Careful because of volatility--it will take it in the teeth during a pullback.
The 1 and 5 year charts show it making new highs and it looks good. It was trading in a range from 2014 to 2016 with a support level at around $38. It broke out of the range this year which is always a bullish sign, so it has some ways to go. If you own, he would add to it.
Microchip Technology is a American stock, trading under the symbol MCHP-Q on the NASDAQ (MCHP). It is usually referred to as NASDAQ:MCHP or MCHP-Q
In the last year, there was no coverage of Microchip Technology published on Stockchase.
Microchip Technology was recommended as a Top Pick by on . Read the latest stock experts ratings for Microchip Technology.
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0 stock analysts on Stockchase covered Microchip Technology In the last year. It is a trending stock that is worth watching.
On 2024-11-21, Microchip Technology (MCHP-Q) stock closed at a price of $66.51.
Around since 1989. Smart, connected control systems around the world. Particularly in micro-controllers and micro-processors. Involved in 4 areas: auto, industrial, edge AI, and definitely AI infrastructure.
(Analysts’ price target is $102.22)