3. As of noon trading, Microchip Technology ( MCHP) is down $0.50 (-1.2%) to $40.44 on average volume. Thus far, 800,329 shares of Microchip Technology exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $40.30-$40.99 after having opened the day at $40.95 as compared to the previous trading day's close of $40.94.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. Microchip Technology has a market cap of $8.0 billion and is part of the technology sector. Shares are up 23.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 4 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 robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Microchip Technology Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Why Apple Is Increasingly Investing in Its Suppliers, Including Possibly Toshiba

These Apple iPhone Supplier Stocks Are Ones You Must Own Now: Goldman Sachs

Samsung Chief's Conviction First Sign of Investor-Friendly Wave

Facebook Could Be Launching an Amazon Echo Show Killer in 2018

LG Investing in These Super Bright Screens That Could Support Apple