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Comparing stock performance to the buying trends of institutional investors like hedge fund managers can lead to some interesting results.

We ran a screen on tech stocks that have been outperforming the market over the last quarter, with performance over +10%. We screened these stocks for those that have also seen net selling from institutional investors over the same time period.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬


We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Should hedge funds not have sold, or have they recognized something about these names the market hasn’t yet? Use this list as a starting-off point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. Synaptics Inc. (NASDAQ:SYNA): Develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. Market cap of $1.06B. The stock has gained 33.78% over the last quarter. Net institutional shares sold over the current quarter at 3.2M, which is 10.05% of the company's 31.83M share float. The stock is a short squeeze candidate, with a short float at 21.93% (equivalent to 11.78 days of average volume).

2. Comtech Telecommunications Corp. (NASDAQ:CMTL): Designs and produces a wide range of telecom systems and services. Market cap of $770.66M. The stock has gained 19.89% over the last quarter. Net institutional shares sold over the current quarter at 1.9M, which is 8.33% of the company's 22.81M share float.

3. Spreadtrum Communications Inc. (NASDAQ:SPRD): Operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. Market cap of $1.20B. The stock has gained 91.67% over the last quarter. Net institutional shares sold over the current quarter at 2.0M, which is 6.21% of the company's 32.19M share float.

4. NetLogic Microsystems Inc. (NASDAQ:NETL): Engages in the design, development, and sale of processors and integrated circuits. Market cap of $3.39B. The stock has gained 41.32% over the last quarter. Net institutional shares sold over the current quarter at 3.2M, which is 4.90% of the company's 65.25M share float.

5. Unisys Corporation (NYSE:UIS): Operates as an information technology (NYSE:IT) company worldwide. Market cap of $1.14B. The stock has gained 23.82% over the last quarter. Net institutional shares sold over the current quarter at 1.9M, which is 4.74% of the company's 40.05M share float.

6. SolarWinds, Inc. (NYSE:SWI): Designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software to IT professionals. Market cap of $1.75B. The stock has gained 10.07% over the last quarter. Net institutional shares sold over the current quarter at 2.3M, which is 4.72% of the company's 48.73M share float.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 6 Outperforming Tech Stocks Being Sold Off By Hedge Funds