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Analysts and investors like to follow the buying trends of institutional investors like hedge funds and mutual funds because they have access to sophisticated research and are usually highly experienced in choosing investments.

We ran a screen on the tech sector for the stocks seeing the most institutional selling 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.


(Click to enlarge)

Do you think these stocks deserve this negative sentiment from hedge funds? Use this list as a starting point for your own analysis.

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

1. RDA Microelectronics, Inc. (NASDAQ:RDA): Designs, develops, and markets radio-frequency and mixed-signal semiconductors for cellular, broadcast, and connectivity applications. Market cap of $516.98M. Net institutional shares sold over the current quarter at 1.8M, which is 23.08% of the company's 7.80M share float. The stock has had a couple of great days, gaining 5.8% over the last week.

2. Clearwire Corporation (CLWR): Provides wireless broadband services. Market cap of $1.63B. Net institutional shares sold over the current quarter at 26.1M, which is 21.77% of the company's 119.89M share float. The stock is a short squeeze candidate, with a short float at 26.81% (equivalent to 6.41 days of average volume). The stock has recently rebounded, and is currently trading 15.31% above its SMA20 and 9.93% above its SMA50. However, the stock still trades 42.55% below its SMA200. The stock has had a couple of great days, gaining 17.11% over the last week.

3. Motricity, Inc. (MOTR): Enables mobile operators, brands, and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing, and advertising solutions. Market cap of $62.89M. Net institutional shares sold over the current quarter at 7.2M, which is 19.23% of the company's 37.45M share float. The stock is a short squeeze candidate, with a short float at 21.03% (equivalent to 10.73 days of average volume). The stock has performed poorly over the last month, losing 22.73%.

4. AOL, Inc. (NYSE:AOL): Operates as a Web services company that offers a suite of brands and offerings for the worldwide audience. Market cap of $1.40B. Net institutional shares sold over the current quarter at 18.4M, which is 19.23% of the company's 95.67M share float. The stock is a short squeeze candidate, with a short float at 15.59% (equivalent to 6.73 days of average volume). The stock has lost 41.47% over the last year.

5. hiSoft Technology International Ltd. (HSFT): Provides outsourced information technology (NYSE:IT) and research and development services in North America, Europe, and Asia. Market cap of $361.29M. Net institutional shares sold over the current quarter at 4.9M, which is 18.65% of the company's 26.27M share float. The stock has lost 63.57% over the last year.

6. Jiayuan.com International Ltd. (NASDAQ:DATE): Operates an online dating platform in the People's Republic of China. Market cap of $349.52M. Net institutional shares sold over the current quarter at 1.5M, which is 18.03% of the company's 8.32M share float. The stock is a short squeeze candidate, with a short float at 18.72% (equivalent to 5.48 days of average volume). It's been a rough couple of days for the stock, losing 5.02% over the last week.

7. VanceInfo Technologies Inc. (NYSE:VIT): Engages in the provision of information technology (IT) services. Market cap of $493.28M. Net institutional shares sold over the current quarter at 3.7M, which is 17.59% of the company's 21.04M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.26). The stock is a short squeeze candidate, with a short float at 24.15% (equivalent to 10.58 days of average volume). The stock has had a couple of great days, gaining 11.03% over the last week.

8. Veeco Instruments Inc. (NASDAQ:VECO): Designs, manufactures, and markets equipment to make high brightness light emitting diodes (HB LEDs), solar panels, hard-disk drives, and other devices. Market cap of $963.74M. Net institutional shares sold over the current quarter at 5.9M, which is 16.70% of the company's 35.32M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.51). The stock has had a couple of great days, gaining 6.82% over the last week.

9. Web.com Group, Inc. (NASDAQ:WWWW): Provides Internet services and online marketing solutions for small-to-medium sized businesses to build and maintain an online presence. Market cap of $277.13M. Net institutional shares sold over the current quarter at 1.4M, which is 16.59% of the company's 8.44M share float. The stock is a short squeeze candidate, with a short float at 8.85% (equivalent to 10.51 days of average volume). The stock has had a couple of great days, gaining 6.73% over the last week.

10. ChinaCache International Holdings Ltd. (NASDAQ:CCIH): Provides Internet content and application delivery services to businesses, government agencies, and other enterprises in the People's of Republic of China. Market cap of $118.24M. Net institutional shares sold over the current quarter at 1.1M, which is 16.01% of the company's 6.87M share float. The stock has lost 83.04% over the last year.

11. Entropic Communications, Inc. (NASDAQ:ENTR): Designs, develops, and markets systems solutions to enable connected home entertainment. Market cap of $432.26M. Net institutional shares sold over the current quarter at 13.7M, which is 15.99% of the company's 85.69M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.65). The stock is a short squeeze candidate, with a short float at 19.32% (equivalent to 9.42 days of average volume). The stock has performed poorly over the last month, losing 14.43%.

12. Amkor Technology, Inc. (NASDAQ:AMKR): Provides outsourced semiconductor packaging and test services in the United States and internationally. Market cap of $804.31M. Net institutional shares sold over the current quarter at 13.2M, which is 15.94% of the company's 82.83M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.23). The stock is a short squeeze candidate, with a short float at 17.11% (equivalent to 5.58 days of average volume). The stock has lost 36.84% over the last year.

13. STEC, Inc. (NASDAQ:STEC): Designs, manufactures, and markets enterprise-class flash solid-state drives (SSDs) for use in high-performance storage and server systems. Market cap of $419.61M. Net institutional shares sold over the current quarter at 5.5M, which is 15.87% of the company's 34.66M share float. The stock is a short squeeze candidate, with a short float at 26.05% (equivalent to 6.7 days of average volume). The stock has performed poorly over the last month, losing 19.43%.

14. Digital River Inc. (NASDAQ:DRIV): Provides outsourced e-commerce solutions worldwide. Market cap of $597.07M. Net institutional shares sold over the current quarter at 5.3M, which is 14.75% of the company's 35.93M share float. The stock is currently stuck in a downtrend, trading 6.76% below its SMA20, 19.2% below its SMA50, and 43.16% below its SMA200. The stock has performed poorly over the last month, losing 12.77%.

15. Yingli Green Energy Holding Co. Ltd. (NYSE:YGE): Engages in the design, development, manufacture, marketing, sale, and installation of photovoltaic (PV) products in the People's Republic of China and internationally. Market cap of $683.38M. Net institutional shares sold over the current quarter at 13.4M, which is 14.65% of the company's 91.46M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.08). The stock has had a couple of great days, gaining 22.03% over the last week.

16. Anaren Inc. (NASDAQ:ANEN): Designs, develops, manufactures, and sells microwave components and subsystems for the wireless communications, satellite communications, and defense electronics markets. Market cap of $251.62M. Net institutional shares sold over the current quarter at 1.6M, which is 14.18% of the company's 11.28M share float. The stock is currently stuck in a downtrend, trading 6.99% below its SMA20, 11.35% below its SMA50, and 10.03% below its SMA200. The stock has performed poorly over the last month, losing 12.55%.

17. OmniVision Technologies Inc. (NASDAQ:OVTI): Designs, develops, and markets semiconductor image-sensor devices. Market cap of $643.19M. Net institutional shares sold over the current quarter at 7.5M, which is 13.45% of the company's 55.75M share float. The stock is currently stuck in a downtrend, trading 11.15% below its SMA20, 22.08% below its SMA50, and 55.46% below its SMA200. The stock has performed poorly over the last month, losing 33.84%.

18. Novatel Wireless Inc. (NVTL): Provides wireless broadband access solutions for the mobile communications market worldwide. Market cap of $102.91M. Net institutional shares sold over the current quarter at 3.6M, which is 13.31% of the company's 27.05M share float. The stock is a short squeeze candidate, with a short float at 8.66% (equivalent to 7.75 days of average volume). The stock has had a couple of great days, gaining 7% over the last week. The stock has performed poorly over the last month, losing 19.14%.

19. Power-One Inc. (NASDAQ:PWER): Designs, manufactures, and markets power conversion and power management solutions for the renewable energy (NYSE:RE), communications infrastructure, and other technology markets. Market cap of $444.02M. Net institutional shares sold over the current quarter at 9.9M, which is 12.23% of the company's 80.95M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.18). It's been a rough couple of days for the stock, losing 10.13% over the last week.

20. Comtech Telecommunications Corp. (NASDAQ:CMTL): Designs and produces a wide range of telecom systems and services. Market cap of $832.37M. Net institutional shares sold over the current quarter at 2.3M, which is 10.07% of the company's 22.84M share float. The stock has gained 4.45% over the last year.

*Institutional data sourced from Fidelity, 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.

Source: 20 Tech Stocks Being Sold By Hedge Funds