• Sun. Dec 4th, 2022

$1000 Invested In This Stock 15 Years Ago Would Be Worth $5,300 Today – Microchip Technology (NASDAQ:MCHP)

ByBenzinga Insights

Nov 24, 2022
$1000 Invested In This Stock 15 Years Ago Would Be Worth $5,300 Today - Microchip Technology (NASDAQ:MCHP)

Microchip Technology MCHP has outperformed the market over the past 15 years by 4.93% on an annualized basis producing an average annual return of 11.79%. Currently, Microchip Technology has a market capitalization of $42.14 billion.

Buying $1000 In MCHP: If an investor had bought $1000 of MCHP stock 15 years ago, it would be worth $5,275.04 today based on a price of $76.62 for MCHP at the time of writing.

Microchip Technology’s Performance Over Last 15 Years

Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



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