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$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,100 Today

Author: Benzinga Insights | August 07, 2024 05:00pm

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

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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.

Posted In: MCHP

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