Microchip Technology Inc (NAS:MCHP)
$ 61.64 -3.75 (-5.73%) Market Cap: 33.10 Bil Enterprise Value: 41.29 Bil PE Ratio: 43.10 PB Ratio: 5.27 GF Score: 81/100

Microchip Technology Inc at Citi Global Technology Conference (Virtual) Transcript

Sep 09, 2020 / 09:10PM GMT
Release Date Price: $50.73 (-1.39%)
Christopher Brett Danely;Stephen Sanghi
Citigroup Inc., Research Division - MD & Analyst;Microchip Technology

I guess we're live. I'll just -- I'll start flapping my guns because I guess that's what I'm best at being a sell sider. Hopefully, everybody can hear me out there. Thanks for joining us. I'm Chris Danely, the semiconductor analyst here at Citigroup. It's our distinct pleasure to have next, one of our top picks in semis, bi-rated Microchip. We've got the dream team, both the CEO, Steve Sanghi; and the CFO, Eric Bjornholt.

Why do we like Microchip so much? Quite simply, it's got one of the best, if not the best, and most consistent earnings growth in the space. And then if you also couple that with their diversified business model and their high margins, we think it's a particularly attractive stock. We've had a buy on it for quite some time.

Guys, you were nice enough to put out an update on how the quarter is progressing earlier today. If you could just briefly encapsulate that for the audience, and then we'll take it from there.

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