Is Trending Stock Microchip Technology Incorporated (MCHP) a Buy Now?

Microchip Technology (MCHP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this chipmaker have returned +5.9%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Semiconductor - Analog and Mixed industry, which Microchip Tech falls in, has gained 0.1%. The key question now is: What could be the stock's future dir ...