Interested in adding some growth to your portfolio? For a closer look at some high-growth names from the semiconductors industry, we ran a screen.
We began by screening the semiconductors industry of the tech sector for stocks with high growth projections, with 5-year projected EPS growth rates above 15%.
We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.
For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research. (click to enlarge)
Tool provided by Kapitall.
Do you think these companies will meet their high growth expectations? Use this list as a starting point for your own analysis. List Average 1-Year Return: 2%.
1. Cavium, Inc. (CAVM): Designs, develops, and markets semiconductor processors for intelligent and secure networks. Market cap at $1.49B, most recent closing price at $29.90. EPS growth next 5 years 23.13%. Net institutional purchases in the current quarter at 5.6M shares, which represents about 11.62% of the company's float of 48.18M shares.
2. IPG Photonics Corporation (IPGP): Manufactures fiber lasers and amplifiers for use in a range of markets, such as materials processing, advanced technologies, telecommunications, and medical applications. Market cap at $3.08B, most recent closing price at $60.30. EPS growth next 5 years 25.74%. Net institutional purchases in the current quarter at 3.9M shares, which represents about 9.54% of the company's float of 40.86M shares.
3. Trina Solar Limited (TSL): Designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. Market cap at $341.75M, most recent closing price at $4.20. EPS growth next 5 years 38.5%. Net institutional purchases in the current quarter at 6.7M shares, which represents about 10.13% of the company's float of 66.11M shares.
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 at $389.51M, most recent closing price at $7.24. EPS growth next 5 years 20%. Net institutional purchases in the current quarter at 3.4M shares, which represents about 7.01% of the company's float of 48.48M shares.
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.
