Could Microchip Technology (MCHP) See a Short-Term Rally?

Insider Monkey2024-12-31

Microchip stock is trading at a key support level and has spent most of December testing it, without breaking it. This is despite tax loss harvesters targeting the stock to reduce their tax bill. We ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2495484611?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-31 23:32","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2495484611","market":"us","top_or_hot":-1,"title":"Could Microchip Technology (MCHP) See a Short-Term Rally?","media":"Insider Monkey","content":"<div>\n<p>Microchip stock is trading at a key support level and has spent most of December testing it, without breaking it. This is despite tax loss harvesters targeting the stock to reduce their tax bill. We ...</p>\n\n<a href=\"https://finance.yahoo.com/news/could-microchip-technology-mchp-see-153222177.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could Microchip Technology (MCHP) See a Short-Term Rally?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould Microchip Technology (MCHP) See a Short-Term Rally?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-31 23:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/could-microchip-technology-mchp-see-153222177.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microchip stock is trading at a key support level and has spent most of December testing it, without breaking it. This is despite tax loss harvesters targeting the stock to reduce their tax bill. We ...</p>\n\n<a href=\"https://finance.yahoo.com/news/could-microchip-technology-mchp-see-153222177.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0098860793.USD","symbol_name":"FRANKLIN INCOME \"A\" INC","start_time":0,"source_url":"https://finance.yahoo.com/news/could-microchip-technology-mchp-see-153222177.html","article_id":"2495484611","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495484611","pubTimestamp":1735659142,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Microchip stock is trading at a key support level and has spent most of December testing it, without breaking it. This is despite tax loss harvesters targeting the stock to reduce their tax bill. We believe the company’s stock has fallen too low and there is potential for a short rally.Microchip Technology Inc.  is a leading corporation specializing in manufacturing embedded control solutions that enable functionality and enhance the performance of multiple electronic devices. The company offers a wide range of innovative and high-performance products used in several industries, from automotive and consumer electronics to aerospace.Microcontrollers represent its main product category and contribute 56% to the company’s total revenue. These compact circuits integrate a CPU, RAM and Flash memory, and programmable input/output peripherals, to control devices and processes. This also makes them ideal for use in robotics.We believe the turnaround is possible and may well happen within the n","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","BK4588":"碎股","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4141":"半导体产品","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4512":"苹果概念","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0971096721.USD":"富达环球金融服务 A","LU1548497426.USD":"安联环球人工智能AT Acc","BK4127":"投资银行业与经纪业","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4529":"IDC概念","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4516":"特朗普概念","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","MCHP":"微芯科技","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC"},"translate_title":"微芯科技（MCHP）会出现短期反弹吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCHP":1},"content_text":"Microchip stock is trading at a key support level and has spent most of December testing it, without breaking it. This is despite tax loss harvesters targeting the stock to reduce their tax bill. We believe the company’s stock has fallen too low and there is potential for a short rally.\nMicrochip Technology Inc. (NASDAQ:MCHP) is a leading corporation specializing in manufacturing embedded control solutions that enable functionality and enhance the performance of multiple electronic devices. The company offers a wide range of innovative and high-performance products used in several industries, from automotive and consumer electronics to aerospace.\n\nMicrocontrollers represent its main product category and contribute 56% to the company’s total revenue. These compact circuits integrate a CPU, RAM and Flash memory, and programmable input/output peripherals, to control devices and processes. This also makes them ideal for use in robotics.\nIts interface and analog products are designed to process continuous signals, including power management devices and data converters. This category generates 26.4% of total revenue. The company also manufactures serial EEPROMs and Flash memories, products that are capable of storing and retrieving data without being connected to a power source. The sales of these products add approximately 17.6% to total revenue.\nThe company serves around 123,000 customers, with 60% of its revenue coming from the industrial and automotive sectors. Asia is the largest market for Microchip Technology, generating 45% of total revenue, while the Americas contribute about 30%. The remaining portion of revenue comes from European markets.\nMicrochip stock has had a horrible year, down 36%. A 19% decline in December might have been triggered by sellers trying to save on their tax bill. Once that selling subsides, the stock will breathe easier. Without the selling pressure, an improving macro situation may attract investors to the stock. Some thought a cyclical bottom was just around the corner 6 months ago. They were proven wrong but in an easing monetary policy, that bet will have a better chance of proving true.\nWe saw with Micron that memory chips were still struggling to sell. Apart from AI and autonomy-driven demand, there isn’t much to look forward to for semiconductor companies. However, Microchip is well-positioned to benefit from the robotics revolution that is just around the corner. As companies realize spending on AI infrastructure can only bring so much benefit, robotics will be the next wave of spending. Microchip’s low-power microcontrollers and flexible FPGAs used in robotics applications will come in handy.\nWe believe the turnaround is possible and may well happen within the next 6 months, even if the company’s fundamentals do not improve drastically. The improving macroeconomic environment and a robotics revolution could drive the stock price up, giving traders a good rally to profit from.\nMicrochip Technology Inc. (NASDAQ:MCHP) is not on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held MCHP at the end of the third quarter which was 46 in the previous quarter. While we acknowledge the potential of MCHP as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as MCHP  but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.\nDisclosure: None. This article was originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2495484611"}