Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the NASDAQ Global Market under the symbol "MCHP."
Stock Price Performance Graph
The following graph and table show a comparison of the five-year cumulative total stockholder return, calculated on a dividend reinvestment basis, for Microchip Technology Incorporated, the Standard & Poor's (S&P) 500 Stock Index, and the Philadelphia Semiconductor Index.
Comparison of 5 year Cumulative Total Return*

*$100 invested on March 31, 2018 in stock or index, including reinvestment of dividends
Fiscal year ending March 31.
Copyright © 2023 Standard & Poor's, a division of S&P Global. All rights reserved.
| Cumulative Total Return | |||||||||||||||||||||||||||||||||||
| March | |||||||||||||||||||||||||||||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | ||||||||||||||||||||||||||||||
| Microchip Technology Incorporated | 100.00 | 92.40 | 76.74 | 177.94 | 174.37 | 197.78 | |||||||||||||||||||||||||||||
| S&P 500 Stock Index | 100.00 | 109.50 | 101.86 | 159.25 | 184.17 | 169.94 | |||||||||||||||||||||||||||||
| Philadelphia Semiconductor Index | 100.00 | 107.11 | 118.23 | 248.25 | 275.69 | 263.73 |
Data acquired by Research Data Group, Inc. (www.researchdatagroup.com)
The information in this Form 10-K appearing under the heading "Stock Price Performance Graph" is being "furnished" pursuant to Item 201(e) of Regulation S-K and shall not be deemed to be "soliciting material" or "filed" with the SEC or subject
to Regulation 14A or 14C, other than as provided in Item 201(e) of Regulation S-K, or to the liabilities of Section 18 of the Exchange Act except to the extent that we specifically request that it be treated as such.
On May 22, 2023, there were approximately 547 holders of record of our common stock. This figure does not reflect beneficial ownership of shares held in nominee names.
For a description of our dividend policies, see Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources," included herein.
Refer to "Item 12. Security Ownership of Certain Beneficial Owners And Management And Related Stockholder Matters," at page 51 below, for the information required by Item 201(d) of Regulation S-K with respect to securities authorized for issuance under our equity compensation plans at March 31, 2023.
Issuer Purchases of Equity Securities
The following table sets forth our purchases of our common stock in the three months ended March 31, 2023:
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced program | Approximate dollar value of shares that may yet be purchased under the program(1) (in millions) | ||||||||||||||||||||||
| January 1, 2023 - January 31, 2023 | — | $ | — | — | ||||||||||||||||||||||
| February 1, 2023 - February 28, 2023 | 1,846,335 | $ | 83.08 | 1,846,335 | ||||||||||||||||||||||
| March 1, 2023 - March 31, 2023 | 1,471,341 | $ | 81.87 | 1,471,341 | ||||||||||||||||||||||
| 3,317,676 | 3,317,676 | $ | 2,628.6 |
(1) In November 2021, our Board of Directors authorized the repurchase of up to $4.00 billion of our common stock in the open market or in privately negotiated transactions. There is no expiration date associated with this authorization.
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