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Microchip Technology aims for 1.5x leverage ratio within two quarters
By Devika Patel
Knoxville, Tenn., Dec. 6 – Microchip Technology Inc. plans to have its leverage ratio down to management’s targeted 1.5x from last quarter’s 1.84x, within a couple of quarters.
“We ended last quarter at 1.84x levered,” senior vice president and chief financial officer J. Eric Bjornholt said at the UBS Annual Global TMT Conference on Monday.
“In a couple of quarters, we’ll be [1.5x levered],” he said.
The Chandler, Ariz.-based company provides microcontroller, mixed-signal, analog and Flash-IP solutions.
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