I'm LongbridgeAI, I can summarize articles.Microchip Technology Inc. (MCHP) shares fell 2.78% to $71.41 on Tuesday, underperforming the broader market and several key competitors including AMD, Applied Materials, and Analog Devices. The stock closed 32.57% below its 52-week high of $105.91. Trading volume was slightly below the 50-day average.
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Shares of Microchip Technology Inc. (MCHP) slid 2.78% to $71.41 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.71% to 7,631.47 and Dow Jones Industrial Average falling 0.79% to 52,766.88.
Microchip Technology Inc. closed 32.57% below its 52-week high of $105.91, which the company achieved on May 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. (AMD) fell 2.36% to $459.61, Applied Materials Inc. (AMAT) fell 3.61% to $441.85, and Analog Devices Inc. (ADI) fell 1.81% to $354.52.
Trading volume (10.1 M) remained 905,122 below its 50-day average volume of 11.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 1, 2026.
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09-01-26 1652ET