Insiders Are Bullish On These 14 Tech Stocks

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 |  Includes: AMAT, APH, CTL, FSLR, FTR, GLW, IRM, JNPR, NLSN, NVDA, ORCL, VMW, WIN, YHOO
by: Insider Monkey

Corporate insiders have material non-public information, and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the investments of corporate insiders, investors are more likely to beat the market in the long term.

Below we compiled a list of technology stocks insiders are bullish about. All companies have market cap of at least $5 billion and were purchased by at least one insider during the past three months. (The market data is sourced from Finviz and insider trading data is from Insider Monkey.)

Ticker

Company

YTD Return

No. of Insiders

ORCL

Oracle Corp.

-5.23%

1

VMW

VMware, Inc.

-3.91%

1

YHOO

Yahoo Inc.

-4.27%

2

CTL

CenturyLink, Inc.

-26.29%

4

GLW

Corning Inc.

-34.24%

1

AMAT

Applied Materials Inc.

-23.32%

1

JNPR

Juniper Networks, Inc.

-48.10%

1

NLSN

Nielsen Holdings B.V.

4.45%

2

NVDA

NVIDIA Corporation

-13.25%

1

APH

Amphenol Corporation

-20.75%

3

IRM

Iron Mountain Inc.

21.94%

2

FTR

Frontier Communications

-35.14%

4

WIN

Windstream Corporation

-14.46%

3

FSLR

First Solar, Inc.

-53.23%

2

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Here are the top 10 technology stocks insiders are bullish about:

Oracle Corp. (NYSE:ORCL): Oracle Corporation is an enterprise software company. ORCL was purchased by one insider over the past three months and returned -5.23% since the beginning of this year. It has a market cap of $149B and a P/E ratio of 16.77. Ken Fisher holds over $600 million in ORCL.

VMware, Inc. (NYSE:VMW): VMware is a provider of virtualization solutions from the desktop to the data center. VMW was purchased by one insider over the past three months and returned -3.91% since the beginning of this year. It has a market cap of $36.1B and a P/E ratio of 66.74. Jim Simons had $76 million invested in VMW.

Yahoo Inc. (NASDAQ:YHOO): Yahoo is a digital media company. YHOO was purchased by two insiders over the past three months and lost 4.27% since the beginning of this year. It has a market cap of $20.1B and a P/E ratio of 18.09. Richard Perry and D. E. Shaw both had over $100 million invested in YHOO.

CenturyLink, Inc. (NYSE:CTL): CenturyLink is an integrated communications company. CTL was purchased by four insiders over the past three months and lost 26.29% since the beginning of this year. It has a market cap of $19.9B and a P/E ratio of 13.66. Steven Cohen invested more than $100 million in CTL.

Corning Inc. (NYSE:GLW): Corning is a technology-based company. GLW was purchased by one insider over the past three months and lost 34.24% since the beginning of this year. It has a market cap of $19.8B and a P/E ratio of 6. Lee Ainslie invested $425 million in GLW stocks.

Applied Materials Inc. (NASDAQ:AMAT): Applied provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic and related industries. AMAT was purchased by one insider over the past three months and lost 23.32% since the beginning of this year. It has a market cap of $14.0B and a P/E ratio of 7.3. Ken Fisher had $525 million invested in AMAT shares.

Juniper Networks, Inc. (NYSE:JNPR): Juniper Networks serves the networking requirements of global service providers, enterprises, and public sector organizations. JNPR was purchased by one insider over the past three months and lost 48.10% since the beginning of this year. It has a market cap of $10.2B and a P/E ratio of 18.25. Bain Capital holds about $300 million in JNPR.

Nielsen Holdings B.V. (NYSE:NLSN): Nielsen Holdings N.V. is a global information and measurement company. NLSN was purchased by two insiders over the past three months and returned 4.45% since the beginning of this year. It has a market cap of $9.5B. Ken Griffin invested $113 million in NLSN shares (see billionaire Griffin’s top stock picks).

NVIDIA Corporation (NASDAQ:NVDA): NVIDIA is a provider of visual computing technologies and the inventor of the graphics processing unit. NVDA was purchased by one insider over the past three months and lost 13.25% since the beginning of this year. It has a market cap of $8.1B and a P/E ratio of 14.84. William Harnisch and D. E. Shaw both invested over $20 million in NVDA.

Amphenol Corporation (NYSE:APH): Amphenol is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and high-speed specialty cable. APH was purchased by three insiders over the past three months and returned -20.75% since the beginning of this year. It has a market cap of $7.1B and a P/E ratio of 13.52. Robert Joseph Caruso had $143 million of APH stocks. Jean-Marie Eveillard also had $84 million invested in APH (check out Eveillard’s top stock picks).

Disclosure: I am long CTL, FTR.