The SVP, WW Client Engagemnt of Microchip (MCHP) is Selling Shares


Today, the SVP, WW Client Engagemnt of Microchip (MCHP), Mitchell Little, sold shares of MCHP for $351.8K.

Following Mitchell Little’s last MCHP Sell transaction on February 13, 2019, the stock climbed by 21.0%. In addition to Mitchell Little, 9 other MCHP executives reported Sell trades in the last month.

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The company has a one-year high of $113.28 and a one-year low of $53.15. Currently, Microchip has an average volume of 62.44K. MCHP’s market cap is $27.72 billion and the company has a P/E ratio of 49.50.

Based on 20 analyst ratings, the analyst consensus is Strong Buy with an average price target of $113.40, reflecting a -2.1% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold MCHP with a $85.00 price target.

In the last 30 days, insiders have sold $2.49M worth of MCHP shares and purchased $5.44M worth of MCHP shares. The insider sentiment on Microchip has been neutral according to 76 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one time programmable technologies. The company was founded on February 14, 1989 and is headquartered in Chandler, AZ.

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