MCHP Stock Summary and Trading Ideas (Microchip Technology | NASDAQ:MCHP)

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 June 17, 2026, MCHP stock price climbed to $95.69 with 1,449,261 million shares trading.

MCHP has a beta of 1.84, meaning it tends to be more sensitive to market movements. MCHP has a correlation of 0.23 to the broad based SPY ETF.

MCHP has a market cap of $51.87 billion. This is considered a Large Cap stock.

Last quarter Microchip Technology reported $1 billion in Revenue and $.57 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.09.

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, QQQ, SOXX, VO.

MCHP has outperformed the market in the last year with a return of +43.0%, while the SPY ETF gained +25.8%. In the last 3 month period, MCHP beat the market returning +50.6%, while SPY returned +12.5%. However, in the most recent 2 weeks MCHP has underperformed the stock market by returning -1.3%, while SPY returned -1.2%.

MCHP support price is $92.11 and resistance is $99.15 (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.