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See what the IHS Markit Score report has to say about Microchip Technology Inc.

IHS Markit

Microchip Technology Inc

NASDAQ/NGS:MCHP

Score: Negative (3)

56 days at current score.

Downgraded from Neutral on September 27th 2017

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Summary


  • This company ranked negatively compared to the Technology sector despite only 1 negative IHS Markit Category
  • Bearish sentiment is high
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Negative

Short interest is high for MCHP with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting MCHP. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. The net inflows of $7.27 billion over the last one-month into ETFs that hold MCHP are not among the highest of the last year and have been slowing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap

CDS data is not available for this security.

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