1. As of noon trading, Microchip Technology ( MCHP) is down $0.99 (-3.1%) to $30.92 on heavy volume Thus far, 2.2 million shares of Microchip Technology exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $30.84-$31.49 after having opened the day at $31.08 as compared to the previous trading day's close of $31.91. Microchip Technology Incorporated engages in the development, manufacture, and sale of semiconductor products for embedded control applications. Microchip Technology has a market cap of $6.2 billion and is part of the technology sector. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are down 12.3% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Microchip Technology Ratings Report now. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.