Microchip Technology (MCHP) closed at $74.52 on October 22, 2026, down 3.4% from the previous close, on volume of 14,997,368 shares (30-day average 8,987,657).
Data as of October 22, 2026.
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Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Microchip Technology trades on the NASDAQ stock market under the symbol MCHP.
As of October 22, 2026, MCHP stock price declined to $74.52 with 14,997,368 million shares trading.
MCHP has a beta of 2.35, meaning it tends to be more sensitive to market movements. MCHP has a correlation of 0.33 to the broad based SPY ETF.
MCHP has a market cap of $40.40 billion. This is considered a Large Cap stock.
Last quarter Microchip Technology reported $1 billion in Revenue and $.76 earnings per share. This beat revenue expectation by $28 million and exceeded earnings estimates by $.08.
In the last 3 years, MCHP traded as high as $105.91 and as low as $34.13.
The top ETF exchange traded funds that MCHP belongs to (by Net Assets): VTI, VOO, SOXX, VO, QQQ.
MCHP has underperformed the market in the last year with a price return of +13.1% while the SPY ETF gained +14.9%. MCHP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.1% and -4.5%, respectively, while the SPY returned +2.3% and -1.7%, respectively.
MCHP support price is $74.85 and resistance is $79.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MCHP shares will trade within this expected range on the day.
