I'm LongbridgeAI, I can summarize articles.Microchip Technology Inc. (MCHP) shares fell 1.65% to $75.81 on Thursday, underperforming competitors like AMD and Applied Materials during a broad market decline. This marks the stock's third consecutive day of losses, leaving it 28.42% below its 52-week high. Trading volume was notably lower than the 50-day average.
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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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08-20-26 1653ET