Major Short Selling Changes in Semiconductors (AMD, ALTR, AMAT, BRCM, INTC, MRVL, NVDA, ONNN, QCOM, RFMD, SNDK, TXN)

There was a very mixed bag in short selling in the semiconductor sector.  What was interesting was the huge increase in the bets against NVIDIA because it was so far after the drop.  Most semiconductor short interest changes were single digit changes, but there were some like Intel (INTC), Broadcom (BRCM), and Marvell (MRVL) which saw double-digit declines in the short selling.

Semiconductors                             Aug 29       Aug 15       Change
Advanced Micro Devices (AMD)   96,448,009   93,448,833     3.21%
Altera Corporation (ALTR)           24,489,350   27,131,688    -9.74%
Applied Materials (AMAT)           35,667,917   38,882,398    -8.27%
Broadcom Corporation (BRCM)   18,665,240   21,124,120   -11.64%
Intel Corporation (INTC)              68,683,066   82,558,529   -16.81%
Marvell Technology (MRVL)         27,344,321   34,936,078   -21.73%
NVIDIA Corporation (NVDA)         47,152,516   22,476,738   109.78%
ON Semiconductor (ONNN)         45,366,451   46,383,159    -2.19%
QUALCOMM Inc. (QCOM)           28,468,030   27,539,572     3.37%
RF Micro Devices (RFMD)            25,883,073   26,620,564    -2.77%
SanDisk Corporation (SNDK)        28,764,413   27,813,854     3.42%
Texas Instruments (TXN)               24,653,691   26,440,098    -6.76%

Jon C. Ogg
September 11, 2008