Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 10 years by 1.59% on an annualized basis producing an average annual return of 11.95%. Currently, Microchip Technology has a market capitalization of $38.63 billion.
Buying $1000 In MCHP: If an investor had bought $1000 of MCHP stock 10 years ago, it would be worth $3,112.17 today based on a price of $72.00 for MCHP at the time of writing.
Microchip Technology's Performance Over Last 10 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.