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Versor Investments LP Invests $963,000 in Microchip Technology Incorporated $MCHP
Versor Investments LP has initiated a new stake of 14,988 shares, valued at approximately $963,000, in Microchip Technology Inc. (NASDAQ:MCHP). Despite institutional investors owning 91.51% of the company, Microchip has seen recent insider selling, including significant sales from its CEO and CFO. The company recently beat EPS estimates, reported increased revenue, announced a dividend, and provided positive Q4 guidance, while also launching new edge-AI products but facing potential dilution from a convertible note offering.