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$100 Invested In This Stock 20 Years Ago Would Be Worth $700 Today

Benzinga ·  Jul 4 01:30

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years by 2.0% on an annualized basis producing an average annual return of 10.31%. Currently, Microchip Technology has a market capitalization of $50.24 billion.

Buying $100 In MCHP: If an investor had bought $100 of MCHP stock 20 years ago, it would be worth $661.65 today based on a price of $93.58 for MCHP at the time of writing.

Microchip Technology's Performance Over Last 20 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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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