Microchip Technology Inc. Stock Advances 7.2%, Outperforms Peers

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

Shares of Microchip Technology Inc. rose 7.2% to $80.67 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.8% to 7,736.52 and the Dow Jones Industrial Average rising 1.7% to 54,085.88.

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

Microchip Technology Inc. closed 23.8% below its 52-week high of $105.91, which the company reached on May 8th.

The stock outperformed some of its peers, as Advanced Micro Devices Inc. rose 7.0% to $518.58, Applied Materials Inc. rose 5.5% to $546.62, and Analog Devices Inc. rose 5.09% to $380.29.

Trading volume totaled 15.9 million, compared to the 50-day average of 12.0 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 04, 2026 16:35 ET (20:35 GMT)