Chase expands diverse holdings.
Chase Investment Counsel Corp diversifies portfolio with new stakes in industrial, utilities, and semiconductor firms.
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Key Points
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BWX Technologies announced a quarterly dividend of $0.27 per share, with the payout reportedly occurring on June 5; the dividend’s ex-div date was May 19, and it yields about 0.6% (annualized $1.08).
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Packaging Corporation of America saw insider selling, as CEO Mark W. Kowlzan sold 9,266 shares on May 27.
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MYR Group director Donald C.I. Lucky sold 14,675 shares on June 3, at an average price of about $449.53, for a total around $6.60 million.
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MYR Group remains heavily ownership-driven by institutional investors, which own about 88.9% of the company.
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Silicon Motion Technology has substantial institutional ownership (about 78.0%), with the stock trading around a market cap near $9.4 billion; the stock shows a P/E of 55.30 and a P/E/G of 0.56, and a 12-month price range roughly from $71 to $355.
Chase Investment Counsel Corp has made a string of new stock purchases in the first quarter of 2025, spanning defense, packaging, construction, and semiconductors. The moves show up in the firm's latest Form 13F filing with the SEC, according to Ticker Report.
The four new positions total roughly $8 million in combined value. They span four different industries, pointing to a broad effort to diversify the firm's portfolio across industrial and technology names.
Chase Bets Big on Silicon Motion's Semiconductor Stock
The largest new buy was in Silicon Motion Technology Corporation (NASDAQ: SIMO). Chase picked up 28,472 shares worth about $3.20 million, according to Ticker Report. Silicon Motion makes storage chips used in consumer electronics and data centers.
The stock has had a wild year. Its 12-month price range runs from $71 to $355. The company trades at a price-to-earnings ratio of 55.30, but its P/E/G ratio of 0.56 suggests the stock may still be undervalued relative to its growth. About 78% of Silicon Motion shares are held by institutional investors. The company's market cap sits near $9.4 billion.
MYR Group Stake Lands Amid Heavy Insider Selling
Chase also bought 10,731 shares of MYR Group, an electrical construction firm, for roughly $3.03 million. The purchase comes even as insiders at the company are selling. Director Donald C.I. Lucky sold 14,675 shares on June 3 at an average price of about $449.53 per share, totaling around $6.60 million, per Ticker Report.
Despite the insider activity, institutional investors still dominate MYR Group's ownership. They hold about 88.9% of the company's shares. That broad institutional backing suggests continued confidence in the stock's long-term value.
BWX Technologies Dividend Adds Income Appeal to Defense Buy
Chase added 6,029 shares of BWX Technologies, a defense and nuclear energy company, valued at about $1.23 million. The timing lines up with a fresh dividend announcement. BWX declared a quarterly payout of $0.27 per share, with an ex-dividend date of May 19 and payment on June 5, according to Ticker Report. The annualized dividend comes to $1.08 per share, yielding about 0.6%.
Packaging Corp Buy Comes as CEO Cashes Out Shares
The smallest of the four new positions was in Packaging Corporation of America. Chase bought 2,509 shares worth roughly $532,000. But the purchase comes just as the company's own CEO made a big exit. Mark W. Kowlzan sold 9,266 shares on May 27, per Ticker Report.
CEO share sales don't always signal trouble. But they can raise questions about insider confidence. Chase's decision to buy in despite the CEO's sell-off suggests the firm sees value in the stock that insiders may be overlooking — or that the sale was simply planned in advance for tax or personal reasons.
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