Vestmark Advisory Solutions Inc. significantly reduced its holdings in Microchip Technology Inc. (MCHP) by 76.1% in Q3, selling 17,412 shares and retaining 5,482 shares valued at $352,000. Despite this, Microchip Technology beat EPS expectations and saw its revenue increase by 15.6% year-over-year. The company maintains a “Moderate Buy” consensus rating from analysts, with CEO Steve Sanghi also reducing his position by selling shares worth nearly $8 million.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Vestmark Advisory Solutions Inc. Trims Stock Holdings in Microchip Technology Incorporated $MCHP
Vestmark Advisory Solutions Inc. significantly reduced its holdings in Microchip Technology Inc. (MCHP) by 76.1% in Q3, selling 17,412 shares and retaining 5,482 shares valued at $352,000. Despite this, Microchip Technology beat EPS expectations and saw its revenue increase by 15.6% year-over-year. The company maintains a “Moderate Buy” consensus rating from analysts, with CEO Steve Sanghi also reducing his position by selling shares worth nearly $8 million.