3 Hedge Fund Semiconductor Stock Picks With Bullish Short Trends

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 |  Includes: CEVA, CRUS, FSII
by: Kapitall

Do you like to follow the buying trends of big money investors such as hedge fund managers and short sellers? For a closer look at stocks in the big money's favor, we ran a screen.

We began by screening the semiconductor industry for stocks with the confidence of institutional investors (including hedge fund managers and mutual fund managers), with significant net institutional purchases over the last quarter.

We then screened for those stocks also seeing bullish trends from short sellers, with significantly fewer shares shorted month-over-month as a percent of share float.

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

Do you think these stocks will outperform like the big money expects? Use this list as a starting point for your own analysis.

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

1. Cirrus Logic Inc. (NASDAQ:CRUS): Develops high-precision analog and mixed-signal integrated circuits. Market cap at $1.36B, most recent closing price at $21.15. Net institutional purchases in the current quarter at 4.2M shares, which represents about 6.62% of the company's float of 63.43M shares. Shares shorted have decreased from 11.80M to 10.71M over the last month, a decrease which represents about 1.72% of the company's float of 63.43M shares. Days to cover ratio at 4.8 days.

2. CEVA Inc. (NASDAQ:CEVA): Engages in designing and licensing silicon intellectual property for the handsets, portable multimedia, and consumer electronics markets. Market cap at $477.61M, most recent closing price at $20.56. Net institutional purchases in the current quarter at 1.3M shares, which represents about 5.66% of the company's float of 22.98M shares. Shares shorted have decreased from 2.92M to 2.62M over the last month, a decrease which represents about 1.31% of the company's float of 22.98M shares. Days to cover ratio at 7.48 days.

3. FSI International Inc. (NASDAQ:FSII): Designs, manufactures, markets, and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. Market cap at $184.19M, most recent closing price at $4.70. Net institutional purchases in the current quarter at 1.9M shares, which represents about 5.49% of the company's float of 34.61M shares. Shares shorted have decreased from 3.05M to 2.65M over the last month, a decrease which represents about 1.16% of the company's float of 34.61M shares. Days to cover ratio at 5.13 days.

*Institutional data sourced from Fidelity, short 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.