From MarketBeat:

Allworth Financial LP has reduced its stake in Microchip Technology Incorporated by 68.3% in the third quarter. Other large investors also made changes, with 90.85% of the stock owned by institutional investors. Stock opened at $89.44. It has a market cap of $48.39 billion, a P/E ratio of 19.66, and a beta of 1.67. Microchip Technology’s last reported a quarterly dividend of $0.439. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating, and one has assigned a strong buy rating. Insider transactions were also reported, with the chief financial officer selling shares.

In related news, CFO James Eric Bjornholt sold 2,324 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. Microchip Technology develops, manufactures, and sells smart, connected, and secure embedded control solutions. While Microchip Technology currently has a “Moderate Buy” rating among analysts, top-rated analysts believe there are five other stocks that are better buys.



Read more: Allworth Financial LP Sells 24,770 Shares of Microchip Technology Incorporated (NASDAQ:MCHP)