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Microchip Technology Incorporated (MCHP) [hlAlert]

up 91.61 %

Microchip Technology Incorporated (MCHP) rated Buy by Citigroup

Posted on: Wednesday,  May 29, 2013  8:25 AM ET by Citigroup

Citigroup rated Buy Microchip Technology Incorporated (NASDAQ: MCHP) on 05/29/2013. Previously Citigroup rated Buy Microchip Technology Incorporated (NASDAQ: MCHP) on 04/15/2009.,
when the stock price was $22.30. Since then, Microchip Technology Incorporated has gained 91.61% as of 01/15/2016's recent price of $42.73.
If you would have followed the previous Citigroup's recommendation on MCHP, you would have gained 91.61% of your investment in 2466 days.

Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications andindustrial markets.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2013 8:25 AM Buy
as of 12/13/2013
1 Week down  -4.66 %
1 Month down  -4.39 %
3 Months up  4.87 %
1 YTD up  27.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/15/2009 8:25 AM Buy
22.30 26.00

(*) Stock Price at the time of the recommendation.
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