This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. shed 4.3% to $75.92 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.4% to 6,939.03 and Dow Jones Industrial Average falling 0.4% to 48,892.47.
This was the stock's second consecutive day of losses.
Microchip Technology Inc. closed 6.8% below its 52-week high of $81.43, which the company achieved on January 28th.
The stock demonstrated a mixed performance when compared to some of its peers, as Advanced Micro Devices Inc. fell 6.1% to $236.73, Applied Materials Inc. fell 5.6% to $322.32, and Analog Devices Inc. fell 2.45% to $310.88.
Trading volume totaled 12.0 million, compared to the 50-day average of 8.9 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
January 30, 2026 16:35 ET (21:35 GMT)
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