Microchip Technology Inc. Stock Rises 3.6%, Outperforms Peers

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

Shares of Microchip Technology Inc. rallied 3.6% to $81.32 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,722.72 and the Dow Jones Industrial Average rising 0.5% to 51,176.96.

This was the stock's second consecutive day of gains.

Microchip Technology Inc. closed 23.2% short of its 52-week high of $105.91, which the company achieved on May 8th.

The stock outperformed some of its peers, as Advanced Micro Devices Inc. rose 3.0% to $633.91, Applied Materials Inc. rose 2.0% to $540.04, and Analog Devices Inc. rose 3.10% to $417.15.

Trading volume totaled 7.7 million, compared to the 50-day average of 9.4 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 02, 2026 16:35 ET (20:35 GMT)