One Big Change in Chip Stock Short Interest (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)

Print Email

We have tracked the key short interest changes as of March 15 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 8.3% to 233.9 million shares. About 4.7% of Intel’s float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest rise by 11.4% to 95.55 million shares, or 15.8% of the company’s total float.

Qualcomm Inc. (NASDAQ: QCOM) short interest rose 6.3% to 14.88 million shares, which represents 0.9% of the company’s float.

ARM Holdings PLC (NASDAQ: ARMH) saw a 42.3% drop in short interest to 3.07 million shares, which is about 0.7% of the firm’s float.

Micron Technology Inc. (NASDAQ: MU) showed a rise of 14.0% in short interest to 83.5 million shares, or about 8.2% of Micron’s float.

SanDisk Corp. (NASDAQ: SNDK) saw short interest rise by 11.2% to 7.88 million shares, or 3.3% of the company’s float.

Short interest in Broadcom Corp. (NASDAQ: BRCM) fell by 1.9% to 8.1 million shares. That is 1.6% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 7.7% drop in short interest to 5.7 million shares, or about 1.3% of Marvell’s float.

Nvidia Corp. (NASDAQ: NVDA) short interest rose by 30.7% to 21.61 million shares, about 3.6% of the company’s float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise 1.6% to 26.79 million shares, or 2.4% of the float.

Applied Materials Inc. (NASDAQ: AMAT) short interest dropped by 8.4% to 15.71 million shares, which is about 1.3% of the company’s float.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 17.7% in short interest to 7.44 million shares.

The sharp drop in short interest in ARM Holdings follows on forecasts for a sharp rise in demand for mobile devices. The company’s share of the embedded processor market is also safe, and a new move into low-power servers is beginning to pay off. The company’s ability to execute on its plans is proving to be too much for many short sellers.

RSS Facebook Twitter