The staff at Kapitall.com takes a look at four semi-conductor stocks that experienced heavy accumulation by institutional investors in the past quarter.
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.
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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.
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