This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Microchip Technology Inc. (MCHP) slipped 1.01% to $96.71 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&amp;P 500 Index rising 0.58% to 7,444.25 and the Dow Jones Industrial Average falling 0.14% to 49,693.20.
This was the stock's fifth consecutive day of losses.
Microchip Technology Inc. closed 8.69% below its 52-week high of $105.91, which the company achieved on May 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. (AMD) fell 0.62% to $445.50, Applied Materials Inc. (AMAT) rose 1.25% to $436.61, and Analog Devices Inc. (ADI) rose 3.04% to $432.39.
Trading volume (12.8 M) eclipsed its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 2026.
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(END) Dow Jones Newswires
05-13-26 1649ET

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Microchip Technology Inc. (MCHP) shares fell 1.01% to $96.71 on Wednesday, marking the fifth consecutive day of losses. The stock is now 8.69% below its 52-week high of $105.91. In comparison, competitors like Advanced Micro Devices Inc. (AMD) and Applied Materials Inc. (AMAT) had mixed performances, with AMD down 0.62% and AMAT up 1.25%. The trading volume for Microchip was 12.8 million, surpassing its 50-day average of 10 million.

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Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors