Microchip: Edge-AI and Automotive Momentum Meet Margin Expansion - Time to Buy the Dip
Microchip’s recent licensing wins and accelerating automotive microcontroller sales are showing up in improving margins and free cash flow. Balance-sheet strength, a $985.7M FCF run-rate and a $40.6B market cap make a long trade attractive from current levels, while valuation still requires earnings execution. Entry at $75.09, target $92.00, stop $…