Tag Archives: Micron Technology Inc

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Chip Stocks: Shorts Losing Interest in the Sector (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)

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By 24/7 Wall St.

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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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Source: FULL ARTICLE at DailyFinance

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Noteworthy ETF Outflows: SOXX, BRCM, TSM, MU

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By ETFChannel.com

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

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Short Interest Repositions in Chip Makers (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)

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By 24/7 Wall St.

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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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Source: FULL ARTICLE at DailyFinance

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After Drop in 2012 Semiconductor Sales, 2013 Looks Much Brighter (ARMH, INTC, AAPL, MU, SNDK, AMAT)

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By 24/7 Wall St.

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94073253Despite an explosion in smartphone and tablet sales in 2012, overall semiconductor sales were down for the year. The three-month average for global chip sales was $24.74 billion in December, down 3% from a revised November figure of $25.51 billion, according to the Semiconductor Industry Association. Is this a trend that will continue into 2013 or is there reason to be more positive on the industry?

Global chip sales for 2012 reached $291.6 billion, a decrease of 2.7% from $299.5 billion in 2011. Total sales for the year were slightly above the $290 billion predicted by the World Semiconductor Trade Statistics (WSTS) organization in November. WSTS forecasts the global chip market will grow by 4.5% in 2013.

ARM Holdings PLC (NASDAQ: ARMH) reported earnings that rose 19.2% year-over-year to GBP164.2 million, versus the GBP151.4 million consensus. ARM enters 2013 with a robust opportunity pipeline for licensing and a record order backlog. Market share gains in long-term growth sectors look set to continue as their partners introduce new chips based on ARM technology. While analysts have recently downgraded the stock on valuation, any significant dip in the stock price may offer investors an excellent entry point.

Intel Corp. (NASDAQ: INTC) reported adjusted earnings $0.51 per share ($0.48 per share net) and $13.5 billion in sales. Thomson Reuters had estimates of $0.45 per share and $13.53 billion in sales. For the coming quarter, Intel sees revenues of $12.7 billion, with its usual plus-or-minus $500 range on it. Thomson Reuters has the coming quarterly earnings report showing a consensus of about $12.9 billion in revenue. The company is trying to end its dependence on the personal computer market to focus on the smartphone and tablet arena. With a very nice 4.25% dividend, investors can be patient with the chip giant.

In a very competitive environment, memory chip maker Micron Technology Inc. (NASDAQ: MU) may have the ability to surprise when they report in March. Long a victim of stubbornly low and competitive pricing in the industry, memory chip prices have jumped recently and may continue higher. With a forward price-to-earnings (P/E) ratio of 15.30, analysts are expecting earnings per share to be up 193% next year, and the stock is trading for slightly over book value and under one times sales. Plus insider ownership has increased by 45% over the past six months.

Another name with a potential for a bright 2013 is SanDisk Corp. (NASDAQ: SNDK), which designs, develops and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk chips are found in the Apple Inc. (NASDAQ: AAPL) iPhone 5. Smartphone makers pay up for flash, at least compared with other types of semiconductors. At $21, the SanDisk chip is the second-most-expensive component in a 32 gigabit (GB) iPhone 5, according to research firm IHS iSuppli. Only the touchscreen display costs more. SanDisk is the biggest pure-play maker of flash memory. Two weeks ago, Rajvindra Gill, an analyst for Needham, upgraded the stock to Buy from Hold. He has a price target of $60 but sees the possibility of a $65-to-$70 stock. He points out that gross margins were 40% in the fourth quarter, compared with an expected 33%, and says, “We expect margins to improve throughout the year. And when you flow that through the model, you get a tremendous amount of earnings.” In a bullish scenario, per-share earnings could reach $5 next year, Gill says, nearly a dollar above the current consensus.

One other area to always look at when gauging the growth and health of the semiconductor industry is the actual manufacturing of the chips. Applied Materials Inc. (NASDAQ: AMAT) provides manufacturing equipment, services and software to the semiconductor, flat panel display, solar photovoltaic and related industries worldwide. Like Intel, Applied Materials is an industry leader, and also pays a solid 2.76% dividend. While analysts are only expecting $0.03 in earnings for the quarter that ended in January, revenues are expected to jump from $7.58 billion this year to $9.13 billion next year, a 20% increase. Applied Materials actually may prove to be a very solid value play.

With 2012 behind the industry and growth for 2013 expected to be close to 5%, it just makes sense for investors to look at quality names in the semiconductor sector that can benefit from improving economies and a healthier consumer climate.

Filed under: 24/7 Wall St. Wire, Analyst Calls, Semiconductor, Technology, Technology Companies Tagged: AAPL, AMAT, ARMH, INTC, MU, SNDK

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Source: FULL ARTICLE at DailyFinance