$1000 Invested In This Stock 15 Years Ago Would Be Worth $9,600 Today

Microchip Technology MCHP has outperformed the market over the past 15 years by 4.57% on an annualized basis producing an average annual return of 16.56%. Currently, Microchip Technology has a market capitalization of $49.97 billion.

Buying $1000 In MCHP: If an investor had bought $1000 of MCHP stock 15 years ago, it would be worth $9,632.05 today based on a price of $92.36 for MCHP at the time of writing.

Microchip Technology's Performance Over Last 15 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.