Microchip Technology Inc. Stock Rallies 3.4%, Outperforms Market

Dow Jones

Jun 03

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

Shares of Microchip Technology Inc. rose 3.4% to $60.00 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.4% to 5,935.94 and the Dow Jones Industrial Average rising 0.1% to 42,305.48.

Microchip Technology Inc. closed 38.8% below its 52-week high of $98.10, which the company reached on June 3rd.

The stock demonstrated a mixed performance when compared to some of its competitors, as Advanced Micro Devices Inc. rose 3.5% to $114.63, Applied Materials Inc. rose 0.3% to $157.27, and Analog Devices Inc. rose 0.69% to $215.45.

Trading volume totaled 9.2 million, compared to the 50-day average of 12.7 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 02, 2025 16:35 ET (20:35 GMT)

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