Microchip Technology Inc

MCHP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.00	Ljdp	Xrvddkcnz

Microchip Continues To Post Robust Financial Results Amid the Chip Shortage; Maintain $83 FVE

Brian Colello

Aug 3, 2022

Microchip Technology reported solid fiscal first-quarter results and provided investors with a nice forecast for the September quarter, as the global semiconductor shortage wages on, and demand for Microchip's products continues to exceed supply. We maintain our $83 fair value estimate for wide-moat Microchip and continue to view shares as undervalued.

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