Here's How Much $1000 Invested In Microchip Technology 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Microchip Technology (NASDAQ:MCHP) has produced an average annual return of 14.55%, outperforming the market by 4.91% on an annualized basis. A $1000 investment in MCHP a decade ago would be worth $3,860.40 today. Microchip Technology currently has a market cap of $44.96 billion.
November 20, 2023 | 7:30 pm
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Microchip Technology's stock has shown strong performance with an average annual return of 14.55% over the past decade, significantly outperforming the market.
The historical performance of MCHP is indicative of the company's strong past growth and may positively influence investor perception, potentially leading to increased investor confidence and a positive short term impact on the stock price.
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