Semiconductor Short Interest Returns to a Steadier State

We have tracked the key short interest changes as of June 28 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) short interest rose 2.7% to 235.78 million shares. About 4.7% of Intel’s float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest rise by 2.8% to 95.69 million shares, or 15.8% of the company’s total float.

Qualcomm Inc. (NASDAQ: QCOM) short interest rose 15.8% to 18.19 million shares, which represents 1.1% of the company’s float.

ARM Holdings PLC (NASDAQ: ARMH) saw a 17.6% rise in short interest to 5.17 million shares, which represents about 1.1% of the firm’s float.

Micron Technology Inc. (NASDAQ: MU) showed a drop of 9.7% in short interest, to 77.29 million shares, or about 7.6% of Micron’s float.

SanDisk Corp. (NASDAQ: SNDK) saw short interest fall by 1.6% to 7.46 million shares, or 3.1% of the company’s float.

Short interest in Broadcom Corp. (NASDAQ: BRCM) rose 14.8% to 22.58 million shares. That is 4.3% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 26.4% increase in short interest, to 6.43 million shares, or about 1.6% of Marvell’s float.

Nvidia Corp. (NASDAQ: NVDA) short interest fell by 11% to 46.98 million shares, about 8.5% of the company’s float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 13.3% to 21.34 million shares, or 1.9% of the float.

Applied Materials Inc. (NASDAQ: AMAT) short interest rose 1.5% to 17.21 million shares, which is about 1.4% of the company’s float.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a drop of 14.8% in short interest to 6.09 million shares.

After a tripling of short interest in the first two weeks of June, short sellers added only about 15% to their interest in Broadcom. Short covering is probably continuing to support the stock price, which has not changed much since the last short interest report.