Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message| ()  

Interested in what institutional investors like hedge funds are buying?

We ran a screen on the semiconductor industry of the tech sector for the stocks seeing the highest net buying from institutional investors over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six 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.

Hedge funds believe in these names – do you agree with them? Use this list as a starting point for your own analysis.

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

1. SRS Labs Inc. (SRSL): Engages in the development and provision of audio and voice technology solutions. Market cap of $82.87M. Net institutional shares purchased over the current quarter at 2.8M, which is 29.11% of the company's 9.62M share float. The stock is a short squeeze candidate, with a short float at 8.65% (equivalent to 12.62 days of average volume). The stock is currently stuck in a downtrend, trading 9.92% below its SMA20, 15.8% below its SMA50, and 30.89% below its SMA200. The stock has performed poorly over the last month, losing 18.86%.

2. RF Micro Devices Inc. (RFMD): Designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies in the United States and internationally. Market cap of $1.74B. Net institutional shares purchased over the current quarter at 37.1M, which is 13.68% of the company's 271.24M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.31). It's been a rough couple of days for the stock, losing 9.28% over the last week.

3. BCD Semiconductor Manufacturing Limited (BCDS): Engages in the design, manufacture, and sale of power management analog integrated circuits (ICs) and other semiconductor devices in the People's Republic of China. Market cap of $73.76M. Net institutional shares purchased over the current quarter at 1.2M, which is 8.88% of the company's 13.51M share float. The stock is currently stuck in a downtrend, trading 9.28% below its SMA20, 18.34% below its SMA50, and 46.83% below its SMA200. The stock has performed poorly over the last month, losing 10.91%.

4. MIPS Technologies Inc. (MIPS): Provides industry-standard processor architectures and cores that power various home entertainment, communications, networking, and portable multimedia products. Market cap of $259.31M. Net institutional shares purchased over the current quarter at 3.5M, which is 7.92% of the company's 44.21M share float. The stock is currently stuck in a downtrend, trading 8.75% below its SMA20, 9.36% below its SMA50, and 36.54% below its SMA200. It's been a rough couple of days for the stock, losing 5.41% over the last week.

5. Avago Technologies Limited (AVGO): Engages in the design, development, and supply of analog semiconductor devices worldwide. Market cap of $7.23B. Net institutional shares purchased over the current quarter at 12.2M, which is 4.99% of the company's 244.57M share float. The stock is currently stuck in a downtrend, trading 11.18% below its SMA20, 13.19% below its SMA50, and 11.33% below its SMA200. It's been a rough couple of days for the stock, losing 11% over the last week.

6. MEMC Electronic Materials Inc. (WFR): Engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. Market cap of $961.06M. Net institutional shares purchased over the current quarter at 9.0M, which is 3.92% of the company's 229.54M share float. The stock is currently stuck in a downtrend, trading 20.59% below its SMA20, 27.19% below its SMA50, and 53.7% below its SMA200. It's been a rough couple of days for the stock, losing 10.32% over the last week.

7. Sigma Designs, Inc. (SIGM): Provides integrated system-on-chip solutions (SoC) for the Internet protocol television (IPTV), media processor, connected home and media player, prosumer and industrial audio/video, high definition television, and PC-based add-in markets. Market cap of $235.91M. Net institutional shares purchased over the current quarter at 1.1M, which is 3.79% of the company's 28.99M share float. The stock is a short squeeze candidate, with a short float at 7.02% (equivalent to 8.86 days of average volume). It's been a rough couple of days for the stock, losing 6.5% over the last week.

8. MaxLinear, Inc. (MXL): Provides integrated, radio-frequency (RF) analog and mixed-signal semiconductor solutions for broadband communications applications primarily in the United States. Market cap of $147.86M. Net institutional shares purchased over the current quarter at 692.6K, which is 3.76% of the company's 18.42M share float. The stock is a short squeeze candidate, with a short float at 8.76% (equivalent to 8.22 days of average volume). It's been a rough couple of days for the stock, losing 6.15% over the last week.

9. First Solar, Inc. (FSLR): Manufactures and sells solar modules using a thin-film semiconductor technology. Market cap of $3.76B. Net institutional shares purchased over the current quarter at 2.1M, which is 3.53% of the company's 59.57M share float. The stock is a short squeeze candidate, with a short float at 38.12% (equivalent to 5.94 days of average volume). The stock is currently stuck in a downtrend, trading 12.97% below its SMA20, 30.09% below its SMA50, and 63.34% below its SMA200. The stock has performed poorly over the last month, losing 19.04%.

10. Hanwha SolarOne Co., Ltd (HSOL): Provides various energy solutions including silicon ingots, wafers, monocrystalline and polycrystalline solar cells, and solar modules. Market cap of $101.58M. Net institutional shares purchased over the current quarter at 717.5K, which is 3.23% of the company's 22.22M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.49). The stock is currently stuck in a downtrend, trading 26.02% below its SMA20, 37.01% below its SMA50, and 73.11% below its SMA200. It's been a rough couple of days for the stock, losing 29.24% over the last week.

*Data from 11/21. Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 10 Semiconductor Stocks That Hedge Funds Are Buying