Yesterday, the President & COO of Microchip (MCHP), Ganesh Moorthy, bought shares of MCHP for $1.68M.
Following Ganesh Moorthy’s last MCHP Buy transaction on November 19, 2019, the stock climbed by 16.2%. This recent transaction increases Ganesh Moorthy’s holding in the company by 5.52% to a total of $32.99 million.
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The company has a one-year high of $112.47 and a one-year low of $77.66. MCHP’s market cap is $25.9B and the company has a P/E ratio of 42.72.
15 different firms, including Merrill Lynch and Rosenblatt Securities, currently also have a Buy rating on the stock. Starting in February 2020, MCHP received 10 Buy ratings in a row. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy MCHP with a $135.00 price target.
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Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments.
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