Chip Stock Investors Should Take Note of Microchip's Tariff Remarks

Following fairly positive earnings reports and calls from Texas Instruments (TXN)  and several other peers, Microchip Technology (MCHP)  offered a more disappointing set of numbers and remarks.

Is that a reason to become bearish on chip stocks? Not necessarily, given that valuations for the group are mostly reasonable and most of the issues that Microchip says are affecting its near-term sales are either company-specific problems or well-known short-term issues. However, the fact that the company also (unlike many peers) indicated tariff worries are impacting its top line shouldn't be ignored....712 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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