---
title: "Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294260840.md"
description: "Microchip Technology (MCHP) shares fell 5.73% to $71.37 on Wednesday, underperforming the broader market and its five-day losing streak. The stock closed 32.61% below its 52-week high. Trading volume of 15.4 million exceeded the 50-day average. Competitors AMD, Applied Materials, and Analog Devices also declined, reflecting a poor trading session for the sector."
datetime: "2026-07-29T20:54:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294260840.md)
  - [en](https://longbridge.com/en/news/294260840.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294260840.md)
---

# Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microchip Technology Inc. (MCHP) shed 5.73% to $71.37 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.52% to 7,316.15 and Dow Jones Industrial Average falling 2.19% to 51,594.14.

This was the stock's fifth consecutive day of losses.

Microchip Technology Inc. closed 32.61% short of 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 Wednesday, as Advanced Micro Devices Inc. (AMD) fell 5.51% to $429.56, Applied Materials Inc. (AMAT) fell 8.40% to $436.45, and Analog Devices Inc. (ADI) fell 3.41% to $353.37.

Trading volume (15.4 M) eclipsed its 50-day average volume of 11.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled July 29, 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

07-29-26 1654ET

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