Microchip Technology Inc. Stock Underperforms Thursday When Compared to Competitors

Dow Jones
Aug 21

DJ Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microchip Technology Inc. (MCHP) slid 1.65% to $75.81 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.87% to 7,641.16 and Dow Jones Industrial Average falling 1.32% to 52,759.21.

This was the stock's third consecutive day of losses.

Microchip Technology Inc. closed 28.42% short of its 52-week high of $105.91, which the company achieved on May 8th.

The stock underperformed when compared to some of its competitors Thursday, as Advanced Micro Devices Inc. $(AMD)$ rose 0.65% to $469.46, Applied Materials Inc. $(AMAT)$ rose 0.11% to $496.21, and Analog Devices Inc. $(ADI)$ fell 0.81% to $370.24.

Trading volume (6.5 M) remained 5.3 million below its 50-day average volume of 11.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled August 20, 2026.

 

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