Microchip Technology Inc. Stock Slips 13.9%, Underperforms Market

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

Shares of Microchip Technology Inc. tumbled 13.9% to $64.85 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 4.4% to 7,353.73 and Dow Jones Industrial Average falling 3.4% to 51,523.06.

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

Microchip Technology Inc. closed 38.8% short of its 52-week high of $105.91, which the company reached on May 8th.

The stock demonstrated a mixed performance when compared to some of its peers, as Advanced Micro Devices Inc. fell 17.3% to $404.40, Applied Materials Inc. fell 13.6% to $319.25, and Analog Devices Inc. fell 11.13% to $361.01.

Trading volume totaled 41.5 million, compared to the 50-day average of 9.5 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 05, 2026 16:34 ET (21:34 GMT)