Microchip delivered another strong quarter with revenue growing 5.1% sequentially to achieve an all-time record at $1.65 billion. The company has made good progress in terms of handling its capital gearing and expects to continue reducing its debt and leverage ratio. Throughout the quarter, business conditions remained exceptionally strong, with record bookings and backlog for products to be shipped over multiple quarters. During the quarter, Microchip completed the acquisition of Iconic RF, a s ....
06 Feb 2022
Microchip Technology Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 2/22
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Microchip Technology Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 2/22
- Published:
06 Feb 2022 -
Author:
Ishan Majumdar -
Pages:
15
Microchip delivered another strong quarter with revenue growing 5.1% sequentially to achieve an all-time record at $1.65 billion. The company has made good progress in terms of handling its capital gearing and expects to continue reducing its debt and leverage ratio. Throughout the quarter, business conditions remained exceptionally strong, with record bookings and backlog for products to be shipped over multiple quarters. During the quarter, Microchip completed the acquisition of Iconic RF, a s ....