Microchip Remains a Microcontroller Leader; Fair Value Estimate Is $83 After 2-for-1 Stock Split

Microchip Technology is a leading supplier of microcontrollers, or MCUs, which are semiconductors that act as the brains within a wide variety of common electronic devices, from garage door openers to hands-free soap dispensers to electric razors and all types of products in between. We view Microchip as one of the best-run firms within the chip space and remain fond of the firm’s ability to generate profitability and free cash flow under virtually any economic scenario.