How Will Christmas Sales Affect Semiconductors?

In this post, we are going to talk about semiconductors, because computers, mobile phones, digital audio players among others, could all be affected by Christmas trading.

Starting with Intel (INTC), which has 1% of its shares outstanding on loan (%SOOL), up from 0.6% in mid-November. Utilisation is at 4.3%. Intel’s share price has dropped in the last three months, from $20 in September to $16 now, and up from $12 in late November.

click to enlarge

Analog (ADI) has 2.2% SOOL, which is down from 6%, earlier this month. As you can see from this chart, there was a large spike in the amount of SOOL in late November, from 1% to 6%. Utilisation followed a similar pattern and is now at 5%. The company’s share price has fallen from $28 in September to $20 now, but is up from $16 in early December.

click to enlarge

In the DAX, Infineon Technologies (IFX) has 11% SOOL, up from 8% in early December but down from 13% in the last week. Utilisation is at 50%, down from 58% last week, but up from 30% in mid-November. The company’s share price has fallen from 6EUR in September to 0.8EUR now.

click to enlarge

In the Nikkei 225, Sony Corp (SNE) has 1.5% SOOL, down from nearly 3% in September. Utilisation is at 12%. The company’s share price has fallen from 3,700JPY in September to 2,000JPY now.

click to enlarge

Disclosure: None