I'll state off the top that I like Microchip Technology (NASDAQ:MCHP) as a company. The company has established itself as a top five player in microcontrollers (or MCUs) and is poised to benefit from the growing Internet of Things (or IoT) opportunity, as the company offers strong complementary technologies in MCUs, analog, and connectivity. The downside is valuation, where I just don't see as much upside potential and would prefer Atmel (NASDAQ:ATML) on a head-to-head basis.
Growing Share In A $16B Market
Microchip Technology has remade itself over the years into a company with strong margins and a solid, growing share in the $16 billion microcontroller market. MCUs are basically small, low-cost computers that sit on...
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