Disclosure Insight Maintains Medium Risk Rating on Microchip Technology

A report from D.I. reiterates its Medium Risk – Positive Bias rating on Microchip Technology MCHP. The report states, “Concentrated revenue; acquisition activity; and the chairman and CEO positions being held by one person support our opinion of a Medium Risk - Positive Bias rating on MCHP. The company reported 7 acquisitions (3 of which included earn-outs) for $391 million, $35 million of which was allocated to goodwill. The largest acquisition was Silicon Storage Technology in Apr-10 for $354 million." MCHP closed yesterday at $35.21.