Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are seen as leading indicators for the markets in general. A strong rally in the tech sector pushed many of these companies to new highs just a couple months ago, but with the current state of affairs with the coronavirus, semiconductors will be the deciding factor if markets want to return to record levels.
The April 15 short interest data have been compared with the previous report. Short interest in most of these selected semiconductor stocks increased.
Intel Corp. (NASDAQ: INTC) saw its short interest drop to 41.35 million shares. The previous level was 42.35 million. Its shares were trading at $59.26 Monday morning, in a 52-week range of $42.86 to $69.29.
The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 70.51 million from the previous reading of 66.38 million. Shares recently traded at $56.18, in a 52-week range of $26.03 to $59.27.
Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short grow to 15.02 million from the 14.27 million reported in the previous period. Shares were changing hands at $76.04, in a 52-week trading range of $58.00 to $96.17.
Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 17.80 million shares. The previous reading was 18.77 million. Shares traded at $51.74, in a 52-week range of $36.64 to $69.44.
Micron Technology Inc. (NASDAQ: MU) saw its short interest rise to 38.63 million shares from the previous reading of 31.58 million. Shares were trading at $44.16, in a 52-week range of $31.13 to $61.19.
And the short interest in Broadcom Inc. (NASDAQ: AVGO) increased to 6.30 million shares from the previous 5.42 million. Shares were last seen at $264.81, in a 52-week range of $155.67 to $331.58.
24/7 Wall St.Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
