Top 20 Tech Stocks Attracting Institutional Buying

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Compiled by Eben Esterhuizen, CFA: The following is a list of tech stocks that saw the largest increase in institutional inflows over the last 3 months.

To give perspective on investor sentiment, we've also included data on short float and annual performance.

Institutional investors seem to think these stocks will outperform the rest of the tech sector, what do you think?

Short float data sourced from Finviz, institutional trading data sourced from Reuters.

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1. Access a performance overview of all stocks mentioned below
2. Compare analyst ratings for the top 9 stocks mentioned below
3. Visualize monthly and annual performance for all stocks mentioned below

 

The list has been sorted by the change in institutional ownership.

1. Frontier Communications Corporation (FTR): Telecom Services Industry. Market cap of $9.33B. Institutional investors currently own 524,802,869 vs. 186,596,371 shares held three months ago (+181.25% change). Short float at 4.71%, which implies a short ratio of 4.05 days. The stock has gained 28.63% over the last year.

2. Garmin Ltd. (GRMN): Scientific & Technical Instruments Industry. Market cap of $5.91B. Institutional investors currently own 69,743,069 vs. 60,453,730 shares held three months ago (+15.37% change). Short float at 19.22%, which implies a short ratio of 14.93 days. The stock has gained 6.25% over the last year.

3. Telecomunicacoes de Sao Paulo S.A. (TSP): Wireless Communications Industry. Market cap of $12.11B. Institutional investors currently own 7,179,209 vs. 6,223,054 shares held three months ago (+15.36% change). Short float at 0.44%, which implies a short ratio of 2.11 days. The stock has gained 3.1% over the last year.

4. KT Corp. (KT): Telecom Services Industry. Market cap of $10.05B. Institutional investors currently own 96,777,783 vs. 87,242,895 shares held three months ago (+10.93% change). Short float at 0.32%, which implies a short ratio of 1.69 days. The stock has gained 23.4% over the last year.

5. CenturyLink, Inc. (CTL): Telecom Services Industry. Market cap of $13.34B. Institutional investors currently own 249,737,622 vs. 228,049,296 shares held three months ago (+9.51% change). Short float at 11.35%, which implies a short ratio of 9.75 days. The stock has gained 28.07% over the last year.

6. China Mobile Limited (CHL): Wireless Communications Industry. Market cap of $203.15B. Institutional investors currently own 54,397,163 vs. 49,707,417 shares held three months ago (+9.43% change). Short float at 0.26%, which implies a short ratio of 1.52 days. The stock has gained 10.16% over the last year.

7. ARM Holdings plc (ARMH): Semiconductor Industry. Market cap of $8.4B. Institutional investors currently own 84,773,445 vs. 77,625,112 shares held three months ago (+9.21% change). Short float at 2.45%, which implies a short ratio of 3.13 days. The stock has gained 139.87% over the last year.

8. Altera Corp. (ALTR): Semiconductor Industry. Market cap of $11.67B. Institutional investors currently own 322,280,586 vs. 302,770,607 shares held three months ago (+6.44% change). Short float at 11.16%, which implies a short ratio of 3.43 days. The stock has gained 70.85% over the last year.

9. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (TLK): Telecom Services Industry. Market cap of $18.1B. Institutional investors currently own 48,509,534 vs. 45,652,735 shares held three months ago (+6.26% change). Short float at 0.41%, which implies a short ratio of 2.83 days. The stock has lost -0.97% over the last year.

10. Clearwire Corporation (CLWR): Wireless Communications Industry. Market cap of $5.82B. Institutional investors currently own 159,140,761 vs. 149,978,338 shares held three months ago (+6.11% change). Short float at 11.39%, which implies a short ratio of 6.92 days. The stock has lost -3.44% over the last year.

11. Seagate Technology PLC (STX): Data Storage Devices Industry. Market cap of $6.87B. Institutional investors currently own 479,968,717 vs. 454,537,805 shares held three months ago (+5.59% change). Short float at 3.54%, which implies a short ratio of 0.95 days. The stock has lost -11.83% over the last year.

12. Turkcell Iletisim Hizmetleri AS (TKC): Wireless Communications Industry. Market cap of $15.14B. Institutional investors currently own 64,878,706 vs. 61,449,500 shares held three months ago (+5.58% change). Short float at 0.73%, which implies a short ratio of 3.53 days. The stock has gained 10.53% over the last year.

13. Cree Inc. (CREE): Semiconductor Equipment & Materials Industry. Market cap of $7.36B. Institutional investors currently own 94,712,765 vs. 90,785,881 shares held three months ago (+4.33% change). Short float at 21.41%, which implies a short ratio of 4.58 days. The stock has gained 31.4% over the last year.

14. NetApp, Inc. (NTAP): Data Storage Devices Industry. Market cap of $19.23B. Institutional investors currently own 356,200,099 vs. 342,718,367 shares held three months ago (+3.93% change). Short float at 6.43%, which implies a short ratio of 3.02 days. The stock has gained 69.84% over the last year.

15. SanDisk Corp. (SNDK): Semiconductor Industry. Market cap of $11.26B. Institutional investors currently own 207,940,505 vs. 200,666,865 shares held three months ago (+3.62% change). Short float at 6.52%, which implies a short ratio of 1.41 days. The stock has gained 122.33% over the last year.

16. KLA-Tencor Corporation (KLAC): Semiconductor Equipment & Materials Industry. Market cap of $6.59B. Institutional investors currently own 175,592,746 vs. 169,845,680 shares held three months ago (+3.38% change). Short float at 3.63%, which implies a short ratio of 1.89 days. The stock has gained 22.43% over the last year.

17. Dolby Laboratories Inc. (DLB): Diversified Electronics Industry. Market cap of $7.3B. Institutional investors currently own 53,001,229 vs. 51,304,497 shares held three months ago (+3.31% change). Short float at 7.23%, which implies a short ratio of 5.82 days. The stock has gained 45.08% over the last year.

18. Check Point Software Technologies Ltd. (CHKP): Security Software & Services Industry. Market cap of $10.86B. Institutional investors currently own 155,337,353 vs. 150,764,814 shares held three months ago (+3.03% change). Short float at 2.32%, which implies a short ratio of 1.94 days. The stock has gained 35.39% over the last year.

19. Cerner Corp. (CERN): Healthcare Information Services Industry. Market cap of $7.57B. Institutional investors currently own 73,628,156 vs. 71,526,893 shares held three months ago (+2.94% change). Short float at 13.43%, which implies a short ratio of 14.22 days. The stock has gained 17.9% over the last year.

20. Windstream Corporation (WIN):
Telecom Services. Market cap of $6.51B. Institutional investors currently own 267,441,297 vs. 259,975,055 shares held three months ago (+2.87% change). Short float at 3.87%, which implies a short ratio of 3.84 days. The stock has gained 40.25% over the last year.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks


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