$1000 Invested In This Stock 20 Years Ago Would Be Worth $6,000 Today

Microchip Technology MCHP has outperformed the market over the past 20 years by 1.12% on an annualized basis producing an average annual return of 9.37%. Currently, Microchip Technology has a market capitalization of $48.04 billion.

Buying $1000 In MCHP: If an investor had bought $1000 of MCHP stock 20 years ago, it would be worth $6,042.80 today based on a price of $89.55 for MCHP at the time of writing.

Microchip Technology's Performance Over Last 20 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.