Microchip Technology Inc

MCHP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$35.00	Ppv	Ljlybddlc

Microchip Still Sees Chip Shortages and Is Striving To Catch Up to Demand; Raising FVE to $90

Brian Colello

Feb 3, 2023

Wide-moat Microchip Technology reported healthy fiscal third-quarter results and gave investors a relatively upbeat forecast for the March quarter that was ahead of our prior expectations. We raise our fair value estimate to $90 from $83 as we modestly boost our long-term growth assumptions, and we view shares as slightly undervalued.

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