Jefferies Retains Microchip Technology Buy - Microchip Technology (NASDAQ:MCHP)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Jefferies retained its Microchip Technology (NASDAQ: MCHP) Buy rating in a research report published today. Jefferies has a $44 price target on the company.In the report, Jefferies stated, "We retain our Buy after MCHP's earnings beat and announcement of an agreement to acquire SMSC. In MCHP, we like the 16- and 32-bit product cycles, the cash flow and the dividend yield."Shares of Microchip Technology closed today at $34.92, down 0.88% from Tuesday's market close.

27% profits every 20 days?

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