Banking

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.




X



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.


Looking For Winning Stocks? Try This Simple Routine


 

 

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.

YOU MIGHT ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros

MarketSmith’s Tools Can Help The Individual Investor

Profit From Short-Term Trends With SwingTrader

Find The Best Long-Term Investments With IBD Long-Term Leaders

Why Should You Use IBD’s Relative Strength Rating?

 

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button