What’s Behind Microchip Technology Stock’s Stellar Outperformance Since 2018?

What’s Behind Microchip Technology Stock’s Stellar Outperformance Since 2018?

Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.3x from $18 in 2018 end, to almost $60 currently, primarily due to favorable changes in its P/S multiple.