Tuesday, March 06, 2018 10:15 PM ET
Insider Selling in Microchip Technology (MCHP) Shares Continues
There was a notable insider sale of Microchip Technology shares today, as indicated in a filing with the SEC as — Steve Sanghi, Director and Officer — sold 20,124 shares in the company having a market value of approximately $1,907,755 There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 15,513 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 35,637 shares and have averaged 7,127 shares per transaction over this time period.
The number of insider buy/sell trades at Microchip Technology is greater than that of the 77 peer company average over the last 90-day period. The Semiconductors peer group saw 196 buy/sell trades during this period for an average of 2.5 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 201,453 shares purchased and 2,480,843 shares sold with company insiders selling 11,630 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in evaluating and writing this story.
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