Chip Makers’ Markets Drive Shorts (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)December 12, 2012 by Paul Ausick
Intel Corp. (NASDAQ: INTC) short interest rose 10.9% to 220.53 million shares. About 4.4% of Intel’s float is now short.
Advanced Micro Devices Inc. (NYSE: AMD) saw short interest fall by 4.9% to 144.95 million shares, or 24% of the company’s total float.
Qualcomm Inc. (NASDAQ: QCOM) short interest fell 12.9% to 17.65 million shares, which represents 1% of the company’s float.
ARM Holdings PLC (NASDAQ: ARMH) saw a 14.3% drop in short interest to 5.69 million shares, which is about 1.2% of the firm’s float.
Micron Technology Inc. (NASDAQ: MU) showed a rise of 1.8% in short interest, to 56.95 million shares, about 5.7% of Micron’s float.
SanDisk Corp. (NASDAQ: SNDK) saw short interest drop of 7.1% to 7.8 million shares, or 3.2% of the company’s float.
Broadcom Corp. (NASDAQ: BRCM) saw short interest fall by 2.7% to 6.27 million shares, or 1.2% of the total float.
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 12.5% rise in short interest, to 8.1 million shares, about 1.9% of its float.
Nvidia Corp. (NASDAQ: NVDA) short interest rise by 64.6%, to 22.6 million shares or about 3.8% of the company’s float.
Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 6.2% to 28.46 million shares, which is 2.5% of the company’s float.
Applied Materials Inc. (NASDAQ: AMAT) saw short interest decline by 16.4% to 15.29 million shares, or about 1.2% of the company’s float.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a decline of 18.6% in short interest to 3.19 million shares.
Once again, semiconductor makers with a strong foothold in mobile computing saw a decline in short interest, led by ARM Holdings and Qualcomm. Applied Materials lost favor with the shorts after taking a massive writedown, while both Nvidia and Marvell attracted more short players. Nvidia’s move was tied to a lowered estimate on shipments of Microsoft Corp.’s (NASDAQ: MSFT) Surface tablet, while Marvell’s close ties to the hard drive industry are calling out the bears. The softer market for PCs and notebooks also boosted short interest in Intel.