S&P 500 comparison · Information Technology

Microchip Technology vs Texas Instruments

Prices at close . Model readings .

Microchip Technology

$79.63−0.67%
Month: positiveLong run: neutral

Texas Instruments

$309.83+0.3%
Month: positiveLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Texas Instruments is the larger company by market value ($285.35B against $43.84B). Over the past year Microchip Technology returned +25.8% and Texas Instruments +87.6%, while the S&P 500 returned +12.7%. The latest filed P/E is 104.9 for Microchip Technology and 42.6 for Texas Instruments, and the operating margin 22.7% against 47.5%. Over the next 21 sessions the model expects +0.43% for Microchip Technology, with a 69% chance of a rise, and +0.37% for Texas Instruments, with a 53% chance. Microchip Technology's long-run fair value is $85.23, a gap of +7% to its price; the long-run model view is neutral. Texas Instruments' long-run fair value is $305.38, a gap of −1.4% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
MCHP+0.43%
TXN+0.37%
Chance of a risenext 21 sessions
MCHP69%
TXN53%
Expected returnnext 63 sessions
MCHP+0.52%
TXN+0.25%
Range of outcomes63 sessions, 80% band
MCHP−32.6% to +33.6%
TXN−28.6% to +29.1%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
MCHP$85.2328 Oct 2026
TXN$305.3828 Oct 2026
Gap to pricefair value against the close
MCHP+7%
TXN−1.4%
Past readings that matchedsign of the 21-session outcome
MCHP33.8%of 269
TXN38.3%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
MCHP+1.1%
TXN+10%
6 monthsS&P 500: +8.5%
MCHP−11.2%
TXN+16.3%
Year to dateS&P 500: +13.3%
MCHP+26.3%
TXN+81.6%
1 yearS&P 500: +12.7%
MCHP+25.8%
TXN+87.6%
5 yearsS&P 500: +70.7%
MCHP+17.9%
TXN+79%
1 year against the S&P 500percentage points
MCHP+13.1 pts
TXN+74.9 pts
Position in the 52-week range0% low, 100% high
MCHP55%close $79.63 in $47.57 to $105.38
TXN88%close $309.83 in $150.20 to $332.33
Against the 200-day average
MCHP+0.3%
TXN+20.5%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (MCHP), (TXN)
Market value
MCHP$43.84B28 Oct 2026
TXN$285.35B28 Oct 2026
Enterprise valueat the last filing
MCHP$55.29B30 Jun 2026
TXN$266.66B30 Sep 2026
P/Elatest filed
MCHP104.9
TXN42.6
Price to book
MCHP7.78
TXN13.45
EV / EBITDA
MCHP37.62
TXN28.33
Free cash flow yield
MCHP2.21%
TXN2.84%
Dividend yield
MCHP1.96%
TXN2.01%
Questions

Microchip Technology or Texas Instruments: common questions

Which is larger by market value, Microchip Technology or Texas Instruments?

Texas Instruments, at $285.35B against $43.84B for Microchip Technology, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Microchip Technology or Texas Instruments?

Microchip Technology has the higher latest filed P/E, 104.9; Texas Instruments' is 42.6. Filings: quarter to 30 Jun 2026 and 30 Sep 2026.

How did Microchip Technology and Texas Instruments move over the past year against the S&P 500?

Over the past year Microchip Technology returned +25.8% and Texas Instruments +87.6%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Microchip Technology and Texas Instruments over the next month?

+0.43% for Microchip Technology with a 69% chance of a rise, and +0.37% for Texas Instruments with a 53% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Microchip Technology and Texas Instruments compare?

The operating margin is 22.7% for Microchip Technology and 47.5% for Texas Instruments, and the gross margin 63.2% against 64.2%. Filings: quarter to 30 Jun 2026 and 30 Sep 2026.

Do Microchip Technology and Texas Instruments shares move together?

Over the past year the correlation of their daily returns was 0.81 (closely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesMicrochip Technology (MCHP) forecast and analysisTexas Instruments (TXN) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.