Insider Trading Alert - MCHP, ITW, HAR, SAVE And SHOO Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Nov. 6, 2013, 120 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $600.78 to $11,115,720.00.

Highlighted Stocks Traded by Insiders:

Microchip Technology (MCHP) - FREE Research Report

Sanghi Steve who is President, CEO, Chairman at Microchip Technology sold 100 shares at $43.06 on Nov. 6, 2013. Following this transaction, the President, CEO, Chairman owned 5.2 million shares meaning that the stake was reduced by 0% with the 100 share transaction.

Simoncic Richard J who is VP, Analog and Intrfc Prod Div at Microchip Technology sold 25,444 shares at $42.38 on Nov. 6, 2013. Following this transaction, the VP, Analog and Intrfc Prod Div owned 91,405 shares meaning that the stake was reduced by 21.78% with the 25,444 share transaction.

The shares most recently traded at $42.40, up $0.02, or 0.04% since the insider transaction. Historical insider transactions for Microchip Technology go as follows:

  • 4-Week # shares sold: 2,594
  • 12-Week # shares sold: 11,822
  • 24-Week # shares sold: 11,822

The average volume for Microchip Technology has been 1.7 million shares per day over the past 30 days. Microchip Technology has a market cap of $8.4 billion and is part of the technology sector and electronics industry. Shares are up 30.9% year to date as of the close of trading on Wednesday.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. The stock currently has a dividend yield of 3.32%. The company has a P/E ratio of 49.0. Currently there are 3 analysts that rate Microchip Technology a buy, no analysts rate it a sell, and 4 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on MCHP - FREE

TheStreet Quant Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Microchip Technology Ratings Report from TheStreet Quant Ratings now.

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