Microchip Technology Inc. vs Direxion Daily Semiconductor Bull 3X Shares — how do they compare? Microchip Technology Inc. trades at $83.27 (market cap $43.72B), while Direxion Daily Semiconductor Bull 3X Shares trades at $160.06. The key difference: Microchip Technology Inc. pays a 2.26% dividend while Direxion Daily Semiconductor Bull 3X Shares pays none, and Microchip Technology Inc. is trading nearer its 52-week high, Direxion Daily Semiconductor Bull 3X Shares nearer its low. Which is the better fit depends on your goals.
| MCHP | SOXL | |
|---|---|---|
Market Cap | $43.72B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $102.97 | $300.77 |
52-Week Low | $49.02 | $23.99 |
Enterprise Value | $49.01B | — |
Dividend Yield | 2.26% | — |
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 →SOXL is a leveraged ETF that seeks daily investment results corresponding to 300% of the daily performance of the ICE Semiconductor Index. It is designed as a tactical tool for experienced traders to take a bullish (long) position on the semiconductor sector. Due to the effects of compounding and leverage, the ETF is intended to be held for a single day and is not suitable for long-term investment.
Read more on SOXL →