This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Microchip Technology Inc. (MCHP) slipped 3.29% to $93.85 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&amp;P 500 Index falling 1.24% to 7,408.50 and Dow Jones Industrial Average falling 1.07% to 49,526.17.
Microchip Technology Inc. closed 11.39% 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 Friday, as Advanced Micro Devices Inc. (AMD) fell 5.69% to $424.10, Applied Materials Inc. (AMAT) fell 0.89% to $436.62, and Analog Devices Inc. (ADI) fell 2.18% to $417.49.
Trading volume (9.4 M) remained 619,341 below its 50-day average volume of 10.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 15, 2026.
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(END) Dow Jones Newswires
05-15-26 1649ET

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Microchip Technology Inc. (MCHP) shares fell 3.29% to $93.85, underperforming the S&P 500 and Dow Jones, which dropped 1.24% and 1.07%, respectively. Despite this decline, MCHP outperformed competitors like AMD, AMAT, and ADI, which saw larger losses. The stock remains 11.39% below its 52-week high of $105.91 reached on May 8th, with trading volume at 9.4 million, below the 50-day average of 10.1 million.

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