MCHP Plummets 36% in a Year: How Should You Approach the Stock?

Microchip Technology (MCHP) shares have lost 36.1% in the trailing 12 months, lagging the broader Zacks Computer & Technology sector’s appreciation of 27.7% and the Zacks Semiconductor - Analog and Mixed industry’s decline of 3.5%.MCHP has also underperformed its industry peers, including Semtech (SMTC) , MACOM Technology Solutions (MTSI) and Analog Devices (ADI) . Over the same time frame, shares of Semtech, MACOM Technology Solutions and Analog Devices have gained 240.3%, 57.1% and 11.1%, respectively.Mic ...