Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
"Insider Buying" is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That's why people pay attention to insider buying.
- Mitchell Little - SVP, WW Client Engagemnt, $215,525 worth of shares on 2 days ago
- Steve Sanghi - Executive Chair,Director, Bought $2,556,238 worth of shares on 2 days ago
- Richard Simoncic - SVP, Analog/Intrfce BU, Bought $406,393 worth of shares on 2 days ago
- Stephen Drehobl - SVP, MCU8/MCU16 BU, $210,185 worth of shares on 2 days ago
In addition, TradingView issued a Sell rating for MCHP over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook.
Summary: Microchip Technology Inc. develops and manufactures microcontrollers, memory and analog and interface products for embedded control systems, which are small, low-power computers designed to perform specific tasks. The company has now three major product lines: Microcontrollers (this product portfolio comprises 8-bit, 16-bit and 32-bit PIC microcontrollers and 16-bit dsPIC digital signal controllers) and Analog (these products consist of several families with approximately 800 power management, linear, mixed-signal, thermal management, RF Linear drivers, safety and security, and interface products).
- Last Price: $66.01
- Price Change: $0.146, 0.2217%
- Yearly Gain: -8.90%
- Market Cap: $36.70B
- P/E Ratio: 29.177
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