Mobile Chip Makers Still Dodging Shorts (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)

Chip photo
Chip photo

We have tracked the key short interest changes as of November 30th in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corporation (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings plc (ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvdia 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) short interest rose 4.1% to 229.6 million shares. About 4.6% of Intel's float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest fall by 27.1% to 105.62 million shares, 17.5% of the company's total float.

Qualcomm Inc. (NASDAQ: QCOM) short interest fell 10% to 15.88 million shares, which represents 0.9% of the company's float.

ARM Holdings plc (NASDAQ: ARMH) saw a 1.4% rise in short interest to 5.77 million shares, which represents about 1.3% of the firm's float.

Micron Technology Inc. (NASDAQ: MU) showed a drop of 6.8% in short interest, to 53.09 million shares, about 5.3% of Micron's float.

SanDisk Corporation (NASDAQ: SNDK) saw short interest drop of 21.6% to 6.11 million shares, or 2.5% of the company's float.

Broadcom Corp. (NASDAQ: BRCM) saw short interest rise by 7.7% to 6.76 million shares, or 1.3% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 15.7% rise in short interest, to 9.37 million shares, about 2.2% of Marvell's float.

Nvidia Corp. (NASDAQ: NVDA) short interest fall by 1.6%, to 22.23 million shares or about 3.7% of the company's float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest fall by 5.9% to 26.8 million shares or 2.4% of the company's float.

Applied Materials Inc. (NASDAQ: AMAT) saw short interest decline by 5.5% to 14.44 million shares or about 1.2% of the company's float.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 8.3% in short interest to 3.45 million shares.

Once again, semiconductor makers with a strong foothold in mobile computing saw a decline in short interest, led by SanDisk. Marvell attracted more short players on reports of weakness in hard drive shipments. Short interest in AMD also fell sharply, probably due to a cutback on orders from one of its suppliers.

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