If You Invested $1000 In This Stock 20 Years Ago, You Would Have $5,900 Today
Portfolio Pulse from Benzinga Insights
Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years, producing an average annual return of 9.14%. If an investor had bought $1000 of MCHP stock 20 years ago, it would be worth $5,905.13 today. The company currently has a market capitalization of $42.01 billion.
October 03, 2023 | 5:30 pm
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Microchip Technology has shown strong performance over the past 20 years, with an average annual return of 9.14%. An investment of $1000 20 years ago would be worth $5,905.13 today.
The news highlights the strong performance of Microchip Technology over the past 20 years, which is likely to boost investor confidence in the company's long-term stability and growth potential. This could potentially lead to increased demand for the company's stock, positively impacting its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100