DJ Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) shed 2.46% to $77.16 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.28% to 6,861.89 and Dow Jones Industrial Average falling 0.54% to 49,395.16.
The stock's fall snapped a two-day winning streak.
Microchip Technology Inc. closed 7.43% short of its 52-week high of $83.35, which the company reached on February 12th.
The stock underperformed when compared to some of its competitors Thursday, as Advanced Micro Devices Inc. $(AMD)$ rose 1.62% to $203.37, Applied Materials Inc. (AMAT) rose 0.27% to $369.83, and Analog Devices Inc. $(ADI)$ fell 0.31% to $345.30.
Trading volume (6.7 M) remained 2.4 million below its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 19, 2026.
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(END) Dow Jones Newswires
February 19, 2026 16:53 ET (21:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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