VP and CFO of Microchip Technology, Inc. (MCHP) James Eric Bjornholt sells 979 shares of MCHP on 11/21/2012 at an average price of $29.55 a share.

Microchip Technology, Inc. has a market cap of $5.69 billion; its shares were traded at around $29.99 with a P/E ratio of 18.1 and P/S ratio of 4.1. The dividend yield of Microchip Technology, Inc. stocks is 4.8%. Microchip Technology, Inc. had an annual average earning growth of 7.6% over the past 10 years. GuruFocus rated Microchip Technology, Inc. the business predictability rank of 3.5-star.

CFO Recent Trades:

• VP and CFO James Eric Bjornholt sold 979 shares of MCHP stock on 11/21/2012 at the average price of 29.55. James Eric Bjornholt owns at least 11,511 shares after this. The price of the stock has increased by 1.49% since.
• VP and CFO James Eric Bjornholt sold 920 shares of MCHP stock on 08/21/2012 at the average price of 35.23. James Eric Bjornholt owns at least 11,065 shares after this. The price of the stock has decreased by 14.87% 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, Security, MCU & Tech Div. Stephen V Drehobl sold 4,480 shares of MCHP stock on 11/21/2012 at the average price of 29.55. Stephen V Drehobl owns at least 10,922 shares after this. The price of the stock has increased by 1.49% since.
• VP, WW Sales and Appns. Mitchell R Little sold 3,844 shares of MCHP stock on 11/21/2012 at the average price of 29.55. Mitchell R Little owns at least 6,305 shares after this. The price of the stock has increased by 1.49% since.
• VP, Analog and Intrfc Prod Div Richard J Simoncic sold 330 shares of MCHP stock on 11/21/2012 at the average price of 29.55. Richard J Simoncic owns at least 116,679 shares after this. The price of the stock has increased by 1.49% since.
• Director L B Day sold 2,878 shares of MCHP stock on 11/13/2012 at the average price of 30.36. L B Day owns at least 5,866 shares after this. The price of the stock has decreased by 1.22% since.
• Director Martinez Albert J Hugo sold 3,400 shares of MCHP stock on 11/13/2012 at the average price of 30.49. Martinez Albert J Hugo owns at least 13,219 shares after this. The price of the stock has decreased by 1.64% since.

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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