Microchip Technology Stock Earns Membership In 95-Plus Composite Rating Club

Microchip Technology (MCHP) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96. Microchip Technology stock is trading within a buy range from an 83.43 entry from a consolidation.


The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

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Microchip Technology Stock Show Strong Fundamentals

Microchip Technology stock earns an 85 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 85% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the company reported 37% earnings growth. Sales growth increased 26%, up from 20% in the prior quarter. That marks four quarters of increasing revenue gains.

Microchip Technology stock holds the No. 7 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Diodes (DIOD), ON Semiconductor (ON) and United Microelectronics (UMC) are among the top 5 highly-rated stocks within the group.


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