Tuesday, July 17, 2012
Microchip Technology Inc: $MCHP Cash Flow Valuation Update
Current Price: ~ $32/share
Projected Yield: ~ 4.44%
Microchip became an independent company in 1989 when it was spun off from General Instrument. It is based in Chandler, Ariz., with production facilities in Arizona, Oregon, and Thailand. More than 80% of sales come from microcontrollers, which are used in a wide array of electronic devices from LCD displays to remote controls. The company has focused in recent years on lower-end eight-bit microcontrollers that are suitable for a wider range of less technologically advanced devices.