Shares of Microchip Technology Inc.
inched 0.11% higher to $155.49 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.14% to 4,208.12 and the Dow Jones Industrial Average
rising 0.07% to 34,600.38. Microchip Technology Inc. closed $11.18 below its 52-week high ($166.67), which the company reached on February 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Texas Instruments Inc.
rose 0.93% to $190.75, Analog Devices Inc.
rose 0.49% to $164.50, and STMicroelectronics N.V.
fell 0.88% to $37.11. Trading volume (1.4 M) remained 319,137 below its 50-day average volume of 1.7 M.