Microchip Technology Inc

MCHP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$18.00	Zfn	Zcmtpgrvmz

Microchip’s Revenue Should Remain Elevated Amid the Chip Shortage; $83 FVE, Shares Undervalued

Brian Colello

May 10, 2022

Wide-moat Microchip Technology reported solid fiscal fourth-quarter results and provided investors with an upbeat forecast for the June quarter as chip demand still significantly exceeds supply. We maintain our $83 fair value estimate and view shares as undervalued.

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