AllAnalyst Report
logoMorningstarOctober 13, 2021

Microchip Technology Incorporated: Microchip Remains a Microcontroller Leader; Fair Value Estimate Is $83 After 2-for-1 Stock Split

Symbols
MCHP
Sector(s)
Technology
Rating
Current Price
$87.34
Fair Value
Economic Moat
Stewardship
Summary

Microchip became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

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