DJ Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) slipped 2.66% to $69.59 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.45% to 7,551.81 and Dow Jones Industrial Average falling 1.21% to 51,461.90.
Microchip Technology Inc. closed 34.29% short of its 52-week high of $105.91, which the company reached on May 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. (AMD) rose 1.65% to $512.50, Applied Materials Inc. (AMAT) fell 1.37% to $415.38, and Analog Devices Inc. (ADI) rose 0.19% to $362.04.
Trading volume (6.9 M) remained 2.8 million below its 50-day average volume of 9.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 16, 2026.