President, CEO, Chairman of Microchip Technology Inc. (MCHP) Steve Sanghi sells 23,781 shares of MCHP on 02/14/2011 at an average price of $38.14 a share.

Microchip Technology Inc. has a market cap of $7.13 billion; its shares were traded at around $38.15 with a P/E ratio of 19.3 and P/S ratio of 7.5. The dividend yield of Microchip Technology Inc. stocks is 3.6%. Microchip Technology Inc. had an annual average earning growth of 8.3% over the past 10 years.

Hedge Fund Gurus that owns MCHP: Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns MCHP: First Pacific Advisors of First Pacific Advisors, LLC, John Buckingham of Al Frank Asset Management, Inc., James Barrow of Barrow, Hanley, Mewhinney & Strauss, Pioneer Investments, Richard Aster Jr of Meridian Fund, Jeremy Grantham of GMO LLC.

CFO Recent Trades:

• Sell: VP and CFO James Eric Bjornholt sold 2,336 shares of MCHP stock on 02/11/2011 at the average price of 37.38. James Eric Bjornholt owns at least 9,225 shares after this.


• Sell: VP and CFO James Eric Bjornholt sold 5,672 shares of MCHP stock on 02/02/2011 at the average price of 37.22. James Eric Bjornholt owns at least 11,561 shares after this.


• Sell: VP and CFO James Eric Bjornholt sold 4,282 shares of MCHP stock on 12/02/2010 at the average price of 35.16. James Eric Bjornholt owns at least 8,953 shares after this.

This is the insider trade history vs. stock price of MCHP. For the complete insider trading history of MCHP, click here.

Directors and Officers Recent Trades:

• Sell: VP, Security, MCU & Tech Div. Stephen V Drehobl sold 2,817 shares of MCHP stock on 02/11/2011 at the average price of 37.36. Stephen V Drehobl owns at least 9,170 shares after this.


• Sell: VP, Analog and Intrfc Prod Div Richard J Simoncic sold 2,305 shares of MCHP stock on 02/11/2011 at the average price of 37.38. Richard J Simoncic owns at least 123,541 shares after this.


• Sell: Director Martinez Albert J Hugo sold 6,000 shares of MCHP stock on 02/10/2011 at the average price of 37.38. Martinez Albert J Hugo owns at least 20,000 shares after this.


• Sell: Director Martinez Albert J Hugo sold 4,000 shares of MCHP stock on 02/08/2011 at the average price of 37.45. Martinez Albert J Hugo owns at least 26,000 shares after this.


• Sell: VP, WW Sales and Appns. Mitchell R Little sold 2,297 shares of MCHP stock on 02/07/2011 at the average price of 37.52. Mitchell R Little owns at least 8,183 shares after this.

For the complete insider trading history of MCHP, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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