Microchip Technology Inc. vs Progressive Corp — how do they compare? Microchip Technology Inc. trades at $82.02 (market cap $44.20B), while Progressive Corp trades at $212.5 (market cap $124.38B). The key difference: Progressive Corp is far larger — about 2.8× Microchip Technology Inc.'s market cap, and Progressive Corp pays the higher dividend (6.5%). Which is the better fit depends on your goals.
| MCHP | PGR | |
|---|---|---|
Market Cap | $44.20B | $124.38B |
Sector | Technology | Financials |
52-Week High | $102.97 | $252.68 |
52-Week Low | $49.02 | $190.40 |
Enterprise Value | $49.32B | $132.59B |
Dividend Yield | 2.24% | 6.5% |
Trailing returns across standard periods
Latest headlines on both assets
Microchip became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Read more on MCHP →Progressive underwrites private and commercial auto insurance and specialty lines
Read more on PGR →