Microchip Technology Inc. Stock Slides 4.0%, Underperforms Peers

Dow Jones2026/10/07 20:34

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Microchip Technology Inc. shed 4.0% to $78.02 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.2% to 7,801.77 and Dow Jones Industrial Average falling 0.7% to 51,179.87. This was the stock's second consecutive day of losses. Microchip Technology Inc. closed 26.3% 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 peers, as Advanced Micro Devices Inc. fell 0.5% to $645.86, Applied Materials Inc. fell 1.8% to $520.65, and Analog Devices Inc. fell 2.49% to $410.08. Trading volume totaled 8.9 million, compared to the 50-day average of 9.1 million. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 07, 2026 16:34 ET (20:34 GMT)

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