Microchip Still Sees Healthy Business Conditions; Raising FVE to $97
Microchip reported solid fiscal second-quarter results and provided investors with an outlook for the December quarter that was relatively in line with our expectations. The company continues to point toward healthy broad-based chip demand, all while management continues to see few signs of an industry correction on the horizon. Ultimately, Microchip is continuing to fire on all cylinders, extracting operating expense synergies on acquisitions, manufacturing efficiencies on gross margins and exc...Microchip Technology develops, manufactures and sells semiconductor products. The company's product portfolio comprises general purpose and other eight-bit, 16-bit, 32-bit microcontrollers, 32-bit microprocessors, field-programmable gate array products, a range of linear, mixed-signal, power management, thermal management, discrete diodes, Metal Oxide Semiconductor Field Effect Transistors, radio frequency, timing, timing systems, safety, security, wired connectivity and wireless connectivity devices, serial Electrically Erasable Programmable Read Only Memory, Serial Flash memories, Parallel Flash memories, Serial Electrically Erasable Random Access Memory and serial Static Random Access Memory.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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