Semiconductors are used in microprocessor chips, transistors, and even solar cells to transmit electrical conductivity, and many companies in the tech sector work to support and develop its many applications.
For ideas on how to look into the industry, we ran a screen on US-traded semiconductor stocks for those seeing significant net insider buying over the last six months.
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.
Do you think these insiders are making good calls on their companies? Use this list as a starting-off point for your own analysis.
List sorted by net insider purchases as a percent of share float.
1. Exar Corp. (NYSE:EXAR): A fabless semiconductor company, together with its subsidiaries, engages in the design, contract manufacture, and sale of silicon, software, and subsystem solutions for industrial, telecom, networking, and storage applications. Market cap of $264.47M. Net insider shares purchased over the last six months at 2.18M, which is 6.17% of the company's 35.33M share float. The stock has lost 13.47% over the last year.
2. Superconductor Technologies Inc. (NASDAQ:SCON): Semiconductor Circuits Industry. Market cap of $52.19M. Net insider shares purchased over the last six months at 500.0K, which is 1.98% of the company's 25.28M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.26). The stock has had a couple of great days, gaining 6.04% over the last week.
3. MoSys, Inc. (NASDAQ:MOSY): Designs, develops, markets, and licenses embedded memory intellectual property (IP) used by the semiconductor industry and communications, networking, and storage equipment manufacturers. Market cap of $140.10M. Net insider shares purchased over the last six months at 505.0K, which is 1.90% of the company's 26.63M share float. The stock is a short squeeze candidate, with a short float at 8.05% (equivalent to 27.17 days of average volume). The stock has lost 22.85% over the last year.
4. TranSwitch Corp. (TXCC): Designs, develops, and supplies semiconductor and intellectual property solutions for voice, data, and video communications equipment. Market cap of $66.05M. Net insider shares purchased over the last six months at 422.30K, which is 1.86% of the company's 22.66M share float. The stock is currently stuck in a downtrend, trading 5.34% below its SMA20, 12.71% below its SMA50, and 26.61% below its SMA200. It's been a rough couple of days for the stock, losing 5.65% over the last week.
*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.