Significant Insider Sales Reported in Shares of Microchip Technology (MCHP) Extending the Trend of Last Quarter

Thursday, February 22, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of Microchip Technology (MCHP) Extending the Trend of Last Quarter

A substantial level of insider sales in Microchip Technology was disclosed in form 4 documents filed with the SEC today. Four insiders — Little, Simoncic, Drehobl, and Bjornholt — disposed of 15,513 shares in the company having a market value of approximately $1,305,502. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 11,317 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 26,830 shares and have averaged 3,354 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Microchip Technology is greater than its 77-company peer group average. The Semiconductors peer group saw 181 buy/sell trades during this period for an average of 2.4 transactions per company. However, the number of shares traded per transaction by Microchip Technology insiders is lower than its peers. Within the peer group there were 136,453 shares purchased and 2,201,414 shares sold with company insiders selling 11,409 shares on average over this time period.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Mitchell R Little, Officer, sold 4,159 shares
* Richard J Simoncic, Officer, sold 3,850 shares
* Stephen V Drehobl, Officer, sold 5,395 shares
* James Eric Bjornholt, Officer, sold 2,109 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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