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

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By Paul Ausick Updated Published
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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
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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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