Microchip Technology Inc. Stock Climbs 6.8%, Outperforms Peers

Dow Jones
01/29

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

Shares of Microchip Technology Inc. advanced 6.8% to $80.28 on what proved to be an all-around mediocre trading session for the stock market, with the S&P 500 Index holding mostly steady at 6,978.03 and the Dow Jones Industrial Average remaining mostly unchanged at 49,015.60.

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

Microchip Technology Inc. hit a new 52-week high, surpassing its previous peak of $79.50, which the company achieved on January 22nd.

The stock outperformed some of its peers, as Advanced Micro Devices Inc. rose 0.3% to $252.74, Applied Materials Inc. rose 1.2% to $336.75, and Analog Devices Inc. rose 4.54% to $317.63.

Trading volume totaled 14.8 million, compared to the 50-day average of 8.8 million.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 28, 2026 16:34 ET (21:34 GMT)

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