Microchip Company Report: Microchip Remains a Best-In-Class Microcontroller Provider; $83 FVE

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 electric toothbrushes to home appliances 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 free cash flow under virtually any economic scenario.