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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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Can Intel Foundry Growth Offset PC Weakness and Evolution to Mobility?

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By 24/7 Wall St.

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A news announcement earlier this week has gone largely unnoticed, even though it might be a game-changer for Intel Corp. (NASDAQ: INTC) now that the computing world for processors is changing so much toward smartphones, tablets and other devices. Altera Corp. (NASDAQ: ALTR) confirmed that future manufacturing of Altera FPGAs would be on Intel’s 14 nanometer tri-gate transistor technology.

Intel’s foundry business does not disclose all of its partners and clients, but the clients that have been named to date have been very small. They are Achronixm Netronome and Tabula. Adding Altera to the list is a big win, and it can ultimately help Intel lead to other larger companies as well.

It is not as important that their next-generation products will target ultra-high-performance systems for military, wireline communications, cloud networking and computing and storage applications. What matters here is that chip and programmable logic companies may be able to get the best of both worlds by utilizing Intel’s manufacturing prowess while saving on their capital and manufacturing expenses.

What can come from this is a faster move to silicon convergence, integration efforts and economically flexible alternatives. Intel’s greatest advantage over other traditional processor makers has been that it has been its own manufacturer for the most part. If outside companies are going to take advantage of this, it represents a new business model and means that Intel will not have to lighten up on its deep technology workforce ahead.

The move may not get Intel any farther along in the race to win processor orders for smartphones and tablets, where it is still trying to gain a foothold. That being said, it may make up at least a part of what has been an eroding business loss from the PC side of the business.

The processor business totally dominates Advanced Micro Devices Inc. (NYSE: AMD). AMD has even moved to a fab-lite model. The mobility side of the competitive equation is the ongoing challenge from Qualcomm Inc. (NASDAQ: QCOM) and from ARM Holdings PLC (NASDAQ: ARMH). Both of those companies are beating Intel, and other entrants want a piece of that space too.

Intel’s shares remain stuck around the $20 mark. After a 2.6% gain to $27.76 today, its 52-week range is $19.23 to $29.27. The long and short of the matter is that Intel remains very pressured, and new markets may be the only way that Intel can find real growth. Sales in PCs remain under pressure by almost all reports, and analysts only expect sales growth of almost 2% in 2013 and almost 5% in 2014. For Intel’s sales growth to resume, it will require more processor sales on the mobility side of the operations or on the foundry side of the equation. Intel is at least proving that the latter case is possible.

Filed under: 24/7 Wall St. Wire, Semiconductor, Semiconductors, Technology, Technology Companies Tagged: ALTR, AMD, ARMH, INTC, QCOM

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Business, Finance, Occupation & Industry

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