Shares of Microchip Technology Incorporated (MCHP) Sees Large Inflow of Net Money Flow

Microchip Technology Incorporated (MCHP) : Fridays money flow data in Microchip Technology Incorporated (MCHP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $23.02 million, whereas, $21.61 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.07, in favor of the bulls. The total money flow into the stock was $1.41 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.16 million. The total value of block trades done on upticks was $7.24 million. The value of bearish trades on downticks was only $7.08 million.The up/down ratio in the block trades was a healthy 1.02 in favor of the bulls, suggesting strong buying in the stock by large traders. Microchip Technology Incorporated (MCHP) fell $0.11 and traded at $62.69, down -0.18% for the day, over previous days close. On a weekly basis, the shares are 1.8% over the previous weeks close.


The company Insiders own 2.5% of Microchip Technology Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.34% . Institutional Investors own 99.09% of Microchip Technology Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -20.07%.

In a related news, The Securities and Exchange Commission has divulged that Simoncic Richard J, officer (VP, Analog and Intrfc Prod Div) of Microchip Technology Inc, had unloaded 3,048 shares at an average price of $60.95 in a transaction dated on August 22, 2016. The total value of the transaction was worth $185,776.

Microchip Technology Incorporated (NASDAQ:MCHP): stock was range-bound between the intraday low of $62.265 and the intraday high of $63 after having opened at $62.74 on Fridays session. The stock finally closed in the red at $62.74, a loss of -0.18%. The stock remained in the red for the whole trading day. The total traded volume was 1,865,950 shares. The stock failed to cross $63 in Fridays trading. The stocks closing price on Thursday was $62.8.

Microchip Technology Incorporated (MCHP) : Traders are bullish on Microchip Technology Incorporated (MCHP) as it has outperformed the S&P 500 by a wide margin of 10.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.8% in the last 1 week, and is up 10.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Microchip Technology Incorporated develops, manufactures and sells specialized semiconductor products for a range of embedded control applications. The Company operates in segments, including semiconductor products and technology licensing. The Companys product portfolio consists of general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; linear, mixed-signal, power management; thermal management; Radio-frequency (RF), safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial Static Random Access Memory (SRAM). The Company also licenses Flash-IP solutions that are incorporated in a range of products. The Companys products are applicable in the automotive, communications, computing, consumer and industrial control markets.

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