Microchip Technology Inc (NAS:MCHP)

$ 91.34 -0.14 (-0.15%) Market Cap: 49.36 Bil Enterprise Value: 55.14 Bil PE Ratio: 26.32 PB Ratio: 7.41 GF Score: 93/100

Microchip Technology Inc at Citi Global Technology Conference Transcript

Sep 04, 2019 / 06:10PM GMT

Release Date Price: $43.26 (+1.92%)

Transcript

Christopher Brett Danely

Citigroup Inc, Research Division - MD

Microchip, they've got the highest earnings growth in the space. So I don't know about you guys, but I like earnings growth. In addition, the stock also has a pretty compelling valuation. I think that because of the debt they took on last year with the Microsemi acquisition, that caused the stock to become a little bit cheaper. But we see that largely as a transitory issue given the excellent history of free cash flow, and they've already started paying down some of the debt.

And it's my pleasure to have what I think has been the primary architect of all the success Microchip has had since inception in, I believe, the late '80s, Steve Sanghi, the CEO. And just coming from a guy who's covered semis for over 20 years, I would put Steve right up there with Andy Grove and Rich Templeton as far as the tiptop of CEOs in terms of his knowledge of operations. You can ask him any question about the company from the product line to competition to the terms of the latest convert. He's one of the legends in the industry in my opinion. We also

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