---
title: "Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293666239.md"
description: "Microchip Technology Inc. (MCHP) shares fell 4.32% to $81.35 on Thursday, underperforming competitors like AMD and ADI during a broader market decline. The drop ended a two-day winning streak, leaving the stock 23.19% below its 52-week high of $105.91. Trading volume was slightly below the 50-day average."
datetime: "2026-07-23T20:52:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293666239.md)
  - [en](https://longbridge.com/en/news/293666239.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293666239.md)
---

# 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 4.32% to $81.35 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.21% to 7,408.30 and Dow Jones Industrial Average falling 0.97% to 51,711.65.

The stock's fall snapped a two-day winning streak.

Microchip Technology Inc. closed 23.19% 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) fell 2.29% to $539.69, Applied Materials Inc. (AMAT) rose 1.60% to $562.80, and Analog Devices Inc. (ADI) fell 1.69% to $380.20.

Trading volume (11.5 M) remained 337,335 below its 50-day average volume of 11.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled July 23, 2026.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

07-23-26 1652ET

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