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Apple may help Microchip Technology get through the $100 barrier

Long
NASDAQ:MCHP   Microchip Technology Incorporated
Average analysts price target $105.16
Yield 1.6%
P/E ratio 62
Short Interest 14.34%
Company profile
Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one time programmable technologies. The company was founded on February 14, 1989 and is headquartered in Chandler, AZ

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