Microchip Technology gains amid activist speculation after 13-F filing
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Microchip Technology (NASDAQ:MCHP)Â rose 4%Â amid some activist investor speculation following a 13-F filing.
Mizuho Securities purchased 4 million shares in Microchip Technology (MCHP) in Q3, according to a 13-F filing that Gordon Haskett highlighted in a note today. While Mizuho isn't typically associated with activists putting on swap positions, the size of share purchase is notable.Â  Gordon Haskett also highlighted that Mizuho disclosed a 3 million share position in 2021.
Microchip Technology (MCHP) has a market cap of $34 billion.
Earlier this month Citi cut estimates on Texas Instruments, NXP, Microchip as analog party is "over."