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$MCHP $90 target

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NASDAQ:MCHP   Microchip Technology Incorporated

As with the majority of Chip\semi stocks sentiment and price action is bullish.
Lets have a look at the charts for a insight pre earnings
Average analysts rating $101.80 \ Buy
Short interest 13%
33 p/e ratio
Company Profile
Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one time programmable technologies. The company was founded on February 14, 1989 and is headquartered in Chandler, AZ.
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