Technology

Short Sellers Have Mixed Views on Major Semiconductors

The short interest data have come out for the September 15 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand. Chip makers with a solid position in the mobile space continue to advance.

On the broad scope, short sellers appear to have mixed feelings on these semiconductor stocks. The September 15 short interest data have been compared with the previous figures.

Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 118.95 million shares. The previous level was 119.65 million. Shares closed Thursday at $28.48, in a 52-week trading range of $24.87 to $37.90.

Advanced Micro Devices Inc. (NASDAQ: AMD) had its short interest decrease very slightly to 131.36 million shares. The previous level was 131.39 million, compared to the late July level of 157.66 million, easily the highest in 2015. Shares of AMD closed Thursday at $1.72, in a 52-week trading range of $1.61 to $3.75.

Qualcomm Inc. (NASDAQ: QCOM) saw its short interest continue to decrease to 32.40 million, compared to the previous period, in which 32.89 million shares were reported short. The past few readings over the summer are the highest within the past 52 weeks. Qualcomm shares closed Thursday at $53.27, in a 52-week trading range of $52.59 to $78.53.

Applied Materials Inc. (NASDAQ: AMAT) saw its short interest increase to 25.71 million shares. The previous reading was 22.84 million. The highest reading year to date was 82.90 million in late February. Shares closed Thursday at $14.69, in a 52-week range of $14.25 to $25.71.

Micron Technology Inc. (NASDAQ: MU) saw its short interest rise to 63.36 million shares from the previous reading of 61.14 million. Short interest is currently at one of its lowest levels of the year. Shares of Micron closed Thursday at $15.34, in a 52-week range of $13.50 to $36.59.

ALSO READ: The 6 Most Shorted Nasdaq Stocks

SanDisk Corp. (NASDAQ: SNDK) had its short interest increase slightly for the mid-September settlement date. The most recent reading was 16.77 million shares, compared to the previous reading of 16.51 million. Shares closed Thursday at $51.01, in a 52-week trading range of $44.28 to $106.64.

Broadcom Corp. (NASDAQ: BRCM) saw its short interest increase to 10.92 million shares, versus the previous short interest level of 9.96 million. Note that Broadcom has entered into an agreement with Avago to be purchased for $37 billion. Shares closed Thursday at $51.69, in a 52-week range of $34.50 to $57.70.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.