close
close

Latest Post

2,237 shares of Quest Diagnostics Incorporated (NYSE:DGX) purchased by Twin Tree Management LP Budget 2024: Real estate developers in Noida expect tax cuts on cement | Budget 2024 News
Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)

According to a recent SEC filing, Director Matthew Chapman sold 2,748 shares of Microchip Technology Inc (NASDAQ:MCHP) on June 10, 2024. Following this transaction, the insider now owns 35,682 shares of the company.

Microchip Technology Inc (NASDAQ:MCHP) is a leading provider of intelligent, connected and secure embedded control solutions. Its products are used in a broad range of applications, including automotive, industrial, aerospace and consumer.

On the day of the sale, Microchip Technology Inc.’s stock price was $93.88, giving the company a market capitalization of approximately $50.75 billion. The price-to-earnings ratio was 27.24, below the industry median of 33.37 and the company’s historical median.

According to GF Value, the estimated intrinsic value of Microchip Technology Inc. is $74.62 per share, making the stock slightly overvalued with a price-to-value ratio of 1.26.

Insider sale: Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)Insider sale: Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)

Insider sale: Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)

There were no insider purchases and 13 insider sales at Microchip Technology Inc. in the past year. Insider Matthew Chapman sold a total of 2,748 shares and made no purchases during this period.

Insider sale: Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)Insider sale: Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)

Insider sale: Director Matthew Chapman sells shares of Microchip Technology Inc (MCHP)

Valuation metrics such as price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio are based on historical trading multiples, adjustments based on past performance and Morningstar analysts’ estimates of future business performance.

This sale follows a trend of insider selling within the company; no insider purchases were recorded over the past year. This suggests a pattern that potential investors could consider when evaluating their positions in Microchip Technology Inc.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in the stocks mentioned here.

This article first appeared on GuruFocus.

Leave a Reply

Your email address will not be published. Required fields are marked *