In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Broadcom Corp. (NASD: BRCM) has taken over the #27 spot from Ryder System, Inc. (NYSE: R), according to ETF Channel. Below is a chart of Broadcom Corp. versus Ryder System, Inc. plotting their respective rank within the S&P 500 over time (BRCM plotted in blue; R plotted in green): …read more
Source: FULL ARTICLE at Forbes Markets
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Harley-Davidson Inc (NYSE: HOG) has taken over the #28 spot from Broadcom Corp. (NASD: BRCM), according to ETF Channel. Below is a chart of Harley-Davidson Inc versus Broadcom Corp. plotting their respective rank within the S&P 500 over time (HOG plotted in blue; BRCM plotted in green): …read more
Source: FULL ARTICLE at Forbes Markets
Filed under: Technology
We have tracked the key short interest changes as of February 28 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 3.8% to 216.01 million shares. About 4.4% of Intel’s float is now short.
Advanced Micro Devices Inc. (NYSE: AMD) saw short interest drop by 0.8% to 85.74 million shares, or 14.2% of the company’s total float.
Qualcomm Inc. (NASDAQ: QCOM) short interest fell 7.8% to 14 million shares, which represents 0.8% of the company’s float.
ARM Holdings PLC (NASDAQ: ARMH) saw a 19.3% drop in short interest to 5.33 million shares, which represents about 1.2% of the firm’s float.
Micron Technology Inc. (NASDAQ: MU) showed a rise of 10.7% in short interest, to 73.23 million shares, or about 7.2% of Micron’s float.
SanDisk Corp. (NASDAQ: SNDK) saw short interest rise by 5.8% to 7.09 million shares, or 2.9% of the company’s float.
Short interest in Broadcom Corp. (NASDAQ: BRCM) increased 29.3% to 8.26 million shares. That is 1.6% of the total float.
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 12.1% drop in short interest, to 6.17 million shares, or about 1.4% of Marvell’s float.
Nvidia Corp. (NASDAQ: NVDA) short interest fell by 13.3% to 16.53 million shares, about 2.8% of the company’s float.
Texas Instruments Inc. (NASDAQ: TXN) saw short interest retreat 1.8% to 26.36 million shares, or 2.4% of the float.
Applied Materials Inc. (NASDAQ: AMAT) short interest dropped by 19% to 17.15 million shares, which is about 1.4% of the company’s float.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 13.7% in short interest to 6.32 million shares.
With just a couple of exceptions, short interest fell in chip stocks during the two-week period ending February 28. Good earnings from chip makers in the mobile business cooled off shorts. The bets against Intel and the Market Vectors Semiconductor ETF rose, likely as a hedge against betting the wrong way on ARMH and the others.
Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Short Interest, Technology, Technology Companies Tagged: AMAT, AMD, ARMH, BRCM, INTC, MRVL, MU, NVDA, QCOM, SMH, SNDK, TXN
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares PHLX SOX Semiconductor Sector Index Fund (NASD: SOXX) where we have detected an approximate $26.0 million dollar outflow — that’s a 11.0% decrease week over week (from 4,100,000 to 3,650,000). Among the largest underlying components of SOXX, in trading today Broadcom Corp. (NASD: BRCM) is down about 1.1%, Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE: TSM) is down about 1.8%, and Micron Technology Inc. (NASD: MU) is up by about 1.8%. For a complete list of holdings, visit the SOXX Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
Filed under: Technology, Earnings, Telecommunications
Typically the Mobile World Congress exposition focuses on the smartphone and handset part of the industry, and at this years recently completed show in Barcelona that was once again the case. While there were not a tremendous number of new device launches, new smartphones from LG, HTC and Sony Corp. (NYSE: SNE) made a splash. But in a note today from FBR & Co. (NASDAQ: FBRC), it was less about handsets, and more about infrastructure.
The research team at FBR Capital Markets notes that, surprisingly, the most meaningful announcements at Mobile World Congress 2013 were not handset-driven but rather emphasized the changes in data centers, delivery and infrastructure needed to enable next-generation handset service. The most significant takeaways from the meeting reinforce the idea that they are on the brink of a large-scale shift in data center architecture, and while not yet fully defined, this holds significant implications for chip companies.
The mobile ecosystem is expanding at lightning speed, with endless innovation and new applications of mobile technology. From contactless payments and augmented reality to embedded devices and connected cities, mobile technology is changing the landscape. The impact mobile will have on the world is limitless. The explosive growth of at-your-fingertips data has driven the need for data centers to change some of their basic infrastructure. According to the FBR team, this can have big implications for semiconductor companies.
Their report lists four semiconductor companies that may benefit from the change in data center architecture as companies strive to have the processing power to accommodate huge advances in technology.
Intel Corp. (NASDAQ: INTC), the leader in personal computing and laptop processors, is working to add new products that target the smartphone and tablet industry. The Thomson/First Call consensus price target for Intel is $23.
Troubled industry laggard Advanced Micro Devices Inc. (NYSE: AMD) has promising new low-power, low-cost semiconductors that may prove competitive. The stock has taken a beating over the years and trades at just $2.41 today. The Wall St. consensus estimate is $3.
Broadcom Corp. (NASDAQ: BRCM), which specializes in semiconductor solutions for wired and wireless communications, may have the most potential upside. The company operates in three segments: Broadband Communications, Mobile and Wireless, and Infrastructure and Networking. Its ability to offer solution for multiple segments of the industry may help sustain its heady growth prospects. The consensus price target is $40.
Marvell Technology Group Ltd. (NASDAQ: MRVL) is a big favorite of hedge fund manager David Einhorn, who has almost 6% of his total portfolio in the name. The company also may benefit from data center growth. The consensus price target is $15, which would represent almost a 50% move from today’s price of $10.12.
The inevitable growth of the wireless industry means that semiconductor companies will have to keep up their research and development expenditures to compete in a challenging and changing environment. The companies with the deepest pockets for R&D may prove to be the biggest winners.
Filed under: 24/7 Wall St. Wire, Analyst Calls, Technology, Technology Companies, …read more
Source: FULL ARTICLE at DailyFinance
Filed under: Technology
We have tracked the key short interest changes as of January 31 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 fell 4.3% to 196.96 million shares. About 4% of Intel’s float is now short.
Advanced Micro Devices Inc. (NYSE: AMD) saw short interest drop by 11.1% to 89.97 million shares, or 14.9% of the company’s total float.
Qualcomm Inc. (NASDAQ: QCOM) short interest fell 12.2% to 12.71 million shares, which represents 0.7% of the company’s float.
ARM Holdings PLC (NASDAQ: ARMH) saw an 18.3% rise in short interest to 5.38 million shares, which represents about 1.2% of the firm’s float.
Micron Technology Inc. (NASDAQ: MU) showed a rise of 4.6% in short interest to 56.77 million shares, about 5.6% of Micron’s float.
SanDisk Corp. (NASDAQ: SNDK) saw short interest rise of 2% to 7.21 million shares, or 3% of the company’s float.
Broadcom Corp. (NASDAQ: BRCM) saw short interest fall by 2.7% to 6.28 million shares, or 1.2% of the total float.
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 1.6% drop in short interest to 6.32 million shares, about 1.5% of Marvell’s float.
Nvidia Corp. (NASDAQ: NVDA) short interest fall by 24.5% to 16.67 million shares, or about 2.8% of the company’s float.
Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 13.5% to 22.89 million shares, or 2.1% of the company’s float.
Applied Materials Inc. (NASDAQ: AMAT) short interest grew by 40% to 16.73 million shares. That is about 1.4% of the company’s float.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 22.1% in short interest to 4.94 million shares.
Rising short interest in companies like Intel and AMD that have either a small or no presence in the mobile market reversed itself during this period. The increase at ARM came before the company reported quarterly earnings and boosted guidance. The huge short interest jump in the Applied Materials comes ahead of the company’s earnings report, which is scheduled for tomorrow.
Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Short Interest, Technology, Technology Companies Tagged: AMAT, AMD, ARMH, BRCM, INTC, MRVL, MU, NVDA, QCOM, SMH, SNDK, TXN
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