Big Swings in Chip Stocks' Short Interest (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)

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We have tracked the key short interest changes as of August 24th in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp. (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvidia Corp. (NASDAQ: NVDA), Texas Instruments Inc. (NASDAQ: TXN) and Applied Materials Inc. (NASDAQ: AMAT). We also chose to look at how the Market Vectors Semiconductor ETF (NYSEMKT: SMH) has held up.

Intel Corp. (NASDAQ: INTC) rose 4% to 152.4 million shares in mid-August. This is the highest total in a year for Intel, and days to cover popped to 5.58. About 3% of Intel's float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest rise 6.6% to 93 million shares, 18% of the company's total float.

Qualcomm Inc. (NASDAQ: QCOM) short interest rose 15.5% to 17 million shares, which represents just 1% of the company's float.

ARM Holdings plc (NASDAQ: ARMH) saw a 17% jump in short interest to 6.9 million shares, which represents about 1.5% of the firm's float.

Micron Technology Inc. (NASDAQ: MU) showed a drop of more than 4% in short interest, to 67.3 million shares, about 8.6% of Micron's float. Days to cover rose to a 2012 high of 2.61.

SanDisk Corp. (NASDAQ: SNDK) saw short interest fall by 15.8% to 9.6 million shares, or 4.6% of the company's float.

Broadcom Corp. (NASDAQ: BRCM) saw short interest rise by 8.6% to 7.6 million shares, or 1.5% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a drop of 1.8% in short interest, to 5.4 million shares, about 1.1% of Marvell's float.

Nvidia Corp. (NASDAQ: NVDA) short interest fell about 2.8% since the end of July, to 10.6 million shares or about 2.1% of the company's float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 12.2% to 18.4 million shares or 1.6% of the company's float.

Applied Materials Inc. (NASDAQ: AMAT) saw the largest gain in the two-week period, with short interest rising 34.4% to 17.6 million shares or about 1.4% of the company's float. The company lowered its forecast about two weeks ago and shares have been pummeled since.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) closed at $33.06 on the same date above and its 52-week range is currently $28.86 to 36.17.

Paul Ausick


Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Short Interest, Technology, Technology Companies Tagged: AMAT, AMD, ARMH, BRCM, INTC, MRVL, MU, NVDA, QCOM, SMH, SNDK, TXN
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