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Analyst ratings are a great start when searching for companies with exciting prospects, but finding companies with bullish ratings from analysts with a history of predicting stock performance is even better.

Using analyst ratings from Reuters that are presented on a linear scale (with 1 = "Strong Buy" and 5 = "Strong Sell"), we sliced the ratings data of stocks from the tech sector into three monthly time periods, and identified the groups of analysts that have shown predictive value over two consecutive time periods. We further narrowed down the list by only focusing on those stocks that have seen bullish trends in recent analyst opinion.

Although past performance is no guarantee of future results, the recent accuracy of these analyst ratings suggests their opinions may be a helpful starting-off point for your own analysis.

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.)

Do you agree with analysts that these stocks are poised to outperform? Use this list as a starting point for your own analysis.

List sorted by market cap.

1. ARM Holdings plc (ARMH): Designs microprocessors, physical IP, and related technology and software, as well as sells development tools to enhance the performance of high-volume embedded applications. Market cap of $12.20B. Mean average rating changed from 2.54 to 2.38 between 09/08/11 and 10/08/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 2.24%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.38 to 2.46 (bearish change). Over the following month, the stock generated an alpha of -9.93% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.46 to 2.33 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock has gained 42.3% over the last year.

2. Research In Motion Limited (RIMM): Designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. Market cap of $8.72B. Mean average rating changed from 3 to 3.19 between 09/08/11 and 10/08/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -24.23%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 3.19 to 3.25 (bearish change). Over the following month, the stock generated an alpha of -11.9% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 3.25 to 3.17 between 11/07/11 and 12/07/11 (i.e. bullish change). It's been a rough couple of days for the stock, losing 6.83% over the last week.

3. Electronic Arts Inc. (ERTS): Develops, markets, publishes, and distributes game software and content for video game consoles, personal computers, mobile phones, tablets and electronic readers, hand held game players, and the Internet. Market cap of $7.49B. Mean average rating changed from 2.22 to 2.35 between 09/08/11 and 10/08/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -1.73%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.35 to 2.44 (bearish change). Over the following month, the stock generated an alpha of -7.75% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.44 to 2.25 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock has gained 43.43% over the last year.

4. Maxim Integrated Products Inc. (MXIM): Designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits worldwide. Market cap of $7.48B. Mean average rating changed from 2.48 to 2.36 between 09/08/11 and 10/08/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 3.02%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.36 to 2.44 (bearish change). Over the following month, the stock generated an alpha of -3.24% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.44 to 2.41 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock has gained 6.88% over the last year.

5. Akamai Technologies, Inc. (AKAM): Provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. Market cap of $5.03B. Mean average rating changed from 2.33 to 2.23 between 09/08/11 and 10/08/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 20.42%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.23 to 2.27 (bearish change). Over the following month, the stock generated an alpha of -5.1% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.27 to 2.26 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock has lost 48.17% over the last year.

6. Teradyne Inc. (TER): Provides automatic test equipment products and services worldwide. Market cap of $2.51B. Mean average rating changed from 2.36 to 2.31 between 09/08/11 and 10/08/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 8.58%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.31 to 2.36 (bearish change). Over the following month, the stock generated an alpha of -4.68% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.36 to 2.27 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock is a short squeeze candidate, with a short float at 11.21% (equivalent to 5.09 days of average volume). The stock has lost 1.73% over the last year.

7. Aruba Networks, Inc. (ARUN): Provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide. Market cap of $2.28B. Mean average rating changed from 2.24 to 2.37 between 09/08/11 and 10/08/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -1.67%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.37 to 2.4 (bearish change). Over the following month, the stock generated an alpha of -12.58% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.4 to 2.3 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock is a short squeeze candidate, with a short float at 20.31% (equivalent to 5.95 days of average volume). The stock has performed poorly over the last month, losing 12.59%.

8. Universal Display Corp. (PANL): Engages in the research, development, and commercialization of organic light emitting diode technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Market cap of $1.92B. Mean average rating changed from 2.09 to 2.18 between 09/08/11 and 10/08/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -0.25%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.18 to 2.33 (bearish change). Over the following month, the stock generated an alpha of -12.07% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.33 to 2.31 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock is currently stuck in a downtrend, trading 12.08% below its SMA20, 14.91% below its SMA50, and 10.14% below its SMA200. The stock has had a couple of great days, gaining 6.88% over the last week. The stock has performed poorly over the last month, losing 12.08%.

9. Power Integrations Inc. (POWI): Designs, develops, manufactures, and markets proprietary, high-voltage, analog, and mixed-signal integrated circuits (ICs) in the United States and internationally. Market cap of $1.02B. Mean average rating changed from 2 to 1.91 between 09/08/11 and 10/08/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 4.19%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 1.91 to 1.9 (bullish change). Over the following month, the stock generated an alpha of 1.15% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 1.9 to 1.88 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock is a short squeeze candidate, with a short float at 14.56% (equivalent to 14.93 days of average volume). The stock has lost 10.41% over the last year.

10. Veeco Instruments Inc. (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 $991.23M. Mean average rating changed from 2.5 to 2.68 between 09/08/11 and 10/08/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -1.06%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.68 to 2.88 (bearish change). Over the following month, the stock generated an alpha of -10.64% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.88 to 2.81 between 11/07/11 and 12/07/11 (i.e. bullish change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.51). The stock has performed poorly over the last month, losing 10.65%.

11. TriQuint Semiconductor, Inc. (TQNT): Supplies modules, components, and foundry services to communications companies worldwide. Market cap of $826.16M. Mean average rating changed from 2.23 to 2.31 between 09/08/11 and 10/08/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -17.58%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 2.31 to 2.67 (bearish change). Over the following month, the stock generated an alpha of -4.23% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.67 to 2.5 between 11/07/11 and 12/07/11 (i.e. bullish change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.03). The stock has had a couple of great days, gaining 13.73% over the last week.

12. SunPower Corporation (SPWR): Semiconductor Industry. Market cap of $568.46M. Mean average rating changed from 3.31 to 3.23 between 09/08/11 and 10/08/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 0.97%. Analysts also got it right between 10/08/11 and 11/07/11, with the mean rating changing from 3.23 to 3.31 (bearish change). Over the following month, the stock generated an alpha of -26.32% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 3.31 to 3.3 between 11/07/11 and 12/07/11 (i.e. bullish change). The stock is a short squeeze candidate, with a short float at 16.14% (equivalent to 9.17 days of average volume). It's been a rough couple of days for the stock, losing 15.22% over the last week.

Analyst ratings sourced from Reuters; all other data sourced from Finviz.

Source: 12 Tech Stocks Predictive Analysts Expect To Outperform