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Chip Stock Investors Should Take Note of Microchip's Tariff Remarks

Eric Jhonsa

Not necessarily, given that valuations for the group are mostly reasonable and most of the issues that Microchip says are affecting its near-term sales are either company-specific problems or well-known short-term issues. After the bell on Thursday, Microchip reported June quarter (fiscal first quarter) non-GAAP revenue of $1.22 billion and EPS of $1.61. Revenue rose 25% annually with the help of Microchip's recent acquisition of fellow chipmaker Microsemi (it closed in late May), and was slightly above a $1.21 billion consensus.