Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are considered to be leading indicators for the markets in general. A strong rally in the tech sector pushed many of these companies to new highs, but with the return of volatility, semiconductors will have to rally again if markets want to return to record levels.
The December 14 short interest data have been compared with the previous report. Short interest moves in these selected semiconductor stocks were mixed.
Intel Corp. (NASDAQ: INTC) saw its short interest increase to 65.08 million shares. The previous level was 63.98 million. Intel shares were trading at $45.30 Thursday morning, in a 52-week range of $42.04 to $57.60.
The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short decreased to 114.55 million from the previous reading of 118.18 million. Shares recently traded at $17.35, in a 52-week range of $9.04 to $34.14.
Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short fall slightly to 74.21 million from the 74.53 million reported in the previous period. Shares were changing hands at $56.00, in a 52-week trading range of $48.56 to $76.50.
Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 18.00 million shares. The previous reading was 19.14 million. Shares were trading at $30.60, in a 52-week range of $28.79 to $62.40.
Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 49.83 million shares from the previous reading of 48.28 million. Shares were trading at $29.30, in a 52-week range of $28.39 to $64.66.
And the short interest in Broadcom Ltd. (NASDAQ: AVGO) increased to 10.08 million shares from the previous 7.70 million. Shares were last seen at $245.95, in a 52-week range of $197.46 to $274.26.
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