Exec. VP & COO of Microchip Technology, Inc. (MCHP) Ganesh Moorthy sells 7,060 shares of MCHP on 02/14/2013 at an average price of $37 a share.

Microchip Technology, Inc. has a market cap of $7.23 billion; its shares were traded at around $37.02 with a P/E ratio of 51.1 and P/S ratio of 5.1. The dividend yield of Microchip Technology, Inc. stocks is 3.8%. Microchip Technology, Inc. had an annual average earning growth of 7.8% over the past 10 years. GuruFocus rated Microchip Technology, Inc. the business predictability rank of 4-star.

CFO Recent Trades:

• VP and CFO James Eric Bjornholt sold 3,200 shares of MCHP stock on 02/11/2013 at the average price of 36.1. James Eric Bjornholt owns at least 14,293 shares after this. The price of the stock has increased by 2.55% since.
• 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 25.28% 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 increased by 5.08% 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:

• Exec. VP & COO Ganesh Moorthy sold 7,060 shares of MCHP stock on 02/14/2013 at the average price of 37. Ganesh Moorthy owns at least 209,677 shares after this. The price of the stock has increased by 0.05% since.
• Director Matthew W Chapman sold 6,000 shares of MCHP stock on 02/13/2013 at the average price of 36.52. Matthew W Chapman owns at least 31,244 shares after this. The price of the stock has increased by 1.37% since.
• Exec. VP & COO Ganesh Moorthy sold 25,000 shares of MCHP stock on 02/12/2013 at the average price of 36.47. Ganesh Moorthy owns at least 104,332 shares after this. The price of the stock has increased by 1.51% since.
• VP, Fab Operations David S Lambert sold 75,568 shares of MCHP stock on 02/11/2013 at the average price of 36.31. David S Lambert owns at least 207,575 shares after this. The price of the stock has increased by 1.96% since.
• VP, WW Sales and Appns. Mitchell R Little sold 2,872 shares of MCHP stock on 02/11/2013 at the average price of 36.08. Mitchell R Little owns at least 9,291 shares after this. The price of the stock has increased by 2.61% 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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