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Microchip Technology Inc. (MCHP) Exec. VP & COO Ganesh Moorthy sells 34,000 Shares

Feb 08, 2012 | About:
insider
insider
Exec. VP & COO of Microchip Technology Inc. (MCHP) Ganesh Moorthy sells 34,000 shares of MCHP on 02/06/2012 at an average price of $37.93 a share.

Microchip Technology Inc. has a market cap of $7.13 billion; its shares were traded at around $37.28 with a P/E ratio of 20.5 and P/S ratio of 4.8. The dividend yield of Microchip Technology Inc. stocks is 3.8%. Microchip Technology Inc. had an annual average earning growth of 12% over the past 10 years. GuruFocus rated Microchip Technology Inc. the business predictability rank of 3-star.

This is the annual revenues and earnings per share of MCHP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of MCHP.


CEO Recent Trades:


  • President, CEO, Chairman Steve Sanghi sold 93,089 shares of MCHP stock on 11/15/2011 at the average price of 37. Steve Sanghi owns at least 4,724,619 shares after this. The price of the stock has increased by 0.76% since.
  • President, CEO, Chairman Steve Sanghi sold 109,411 shares of MCHP stock on 11/14/2011 at the average price of 36.92. Steve Sanghi owns at least 4,721,841 shares after this. The price of the stock has increased by 0.98% since.
  • President, CEO, Chairman Steve Sanghi sold 76,396 shares of MCHP stock on 11/08/2011 at the average price of 36.92. Steve Sanghi owns at least 4,721,841 shares after this. The price of the stock has increased by 0.98% since.

CFO Recent Trades:


  • VP and CFO James Eric Bjornholt sold 219 shares of MCHP stock on 11/21/2011 at the average price of 34.16. James Eric Bjornholt owns at least 10,522 shares after this. The price of the stock has increased by 9.13% since.
  • VP and CFO James Eric Bjornholt sold 462 shares of MCHP stock on 11/07/2011 at the average price of 36.49. James Eric Bjornholt owns at least 10,522 shares after this. The price of the stock has increased by 2.16% since.
  • VP and CFO James Eric Bjornholt sold 219 shares of MCHP stock on 08/19/2011 at the average price of 29.45. James Eric Bjornholt owns at least 10,184 shares after this. The price of the stock has increased by 26.59% since.

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:


  • VP, Analog and Intrfc Prod Div Richard J Simoncic sold 282 shares of MCHP stock on 11/21/2011 at the average price of 34.21. Richard J Simoncic owns at least 81,854 shares after this. The price of the stock has increased by 8.97% since.
  • VP, Security, MCU & Tech Div. Stephen V Drehobl sold 423 shares of MCHP stock on 11/21/2011 at the average price of 34.16. Stephen V Drehobl owns at least 10,079 shares after this. The price of the stock has increased by 9.13% since.
  • Exec. VP & COO Ganesh Moorthy sold 16,000 shares of MCHP stock on 11/15/2011 at the average price of 37.04. Ganesh Moorthy owns at least 69,837 shares after this. The price of the stock has increased by 0.65% since.
  • VP, Analog and Intrfc Prod Div Richard J Simoncic sold 45,993 shares of MCHP stock on 11/08/2011 at the average price of 36.75. Richard J Simoncic owns at least 81,854 shares after this. The price of the stock has increased by 1.44% since.
  • Exec. VP & COO Ganesh Moorthy sold 10,000 shares of MCHP stock on 11/08/2011 at the average price of 37. Ganesh Moorthy owns at least 69,219 shares after this. The price of the stock has increased by 0.76% since.


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

Tickers in the article:

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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