Microchip Tech. Stock
Microchip Tech. Stock
Pros and Cons of Microchip Tech. in the next few years
Pros
Cons
Performance of Microchip Tech. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Microchip Tech. | 0.090% | 2.202% | 8.883% | 22.779% | 5.675% | 47.010% | 131.413% |
| Advanced Micro Devices Inc. | 0.960% | 7.261% | 4.780% | 58.040% | 11.846% | 146.352% | 513.631% |
| Analog Devices Inc. | -0.260% | 2.381% | 10.976% | 13.620% | 8.938% | 61.708% | 119.381% |
| Micron Technology Inc. | -1.950% | 2.399% | 5.763% | 92.485% | 48.073% | 74.267% | 256.346% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Microchip Tech, trading under the US symbol MCHP and operating within the Semiconductors & Semiconductor Equipment industry, appears to be a company with a stable performance and good potential for growth. In recent years, the company has shown signs of positive financial trajectory with consistent increases in revenue and net income. However, a more comprehensive examination of MCHP's financials is necessary to accurately assess its position within the market.
Revenue Growth: Microchip Tech has consistently increased its total revenue over the past three years, from $5,438,400,000 in 2021 to $6,820,900,000 in 2022 and $8,438,700,000 in 2023. This upward trend is a positive sign, as it indicates the company's ability to generate sales and expand its market presence.
Net Income Improvement: MCHP's net income has also shown significant growth, increasing from $349,400,000 in 2021 to $1,285,500,000 in 2022 and reaching $2,237,700,000 in 2023. The continuous upward trajectory of the company's net income reflects its ability to maintain profitability while growing its business.
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