Microchip Technology Inc

MCHP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$81.00	Zzyml	Zmypkfrj

Microchip's Long-Term Financial Model Appears Reasonable to Us; Maintain $83 Fair Value Estimate

Brian Colello

Nov 8, 2021

Our key takeaway from Microchip Technology’s analyst day was the firm’s new long-term financial model, which included reasonable growth and profitability targets that are in line with our forecast and that we think Microchip can ultimately achieve. We maintain our $83 fair value estimate for wide-moat Microchip and view shares as fairly valued.

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