Very Large Technology Companies With Major Institutional Ownership

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Wall St. Watchdog generated stock screens for large cap companies in the Technology Sector that have a large percentage of their shares owned by institutional investors.  Some investors like to invest in the companies that institutional investors invest in, under the (perhaps incorrect) assumption that institutions have done sufficient due diligence on the company in question to make it a worthy investment.

Criteria for the screen are:

  • The company trades on a US exchange
  • The company does not trade on the pink sheets
  • The company is not located in China
  • The company’s market capitalization is at least $1 billion
  • At least 90% of the company’s shares are owned by institutional investors
  • The company was profitable in the last quarter
  • The company has grown its revenue year-over-year by at least 35%

Following is information on the companies that met these criteria:

  • Altera Corporation (NASDAQ:ALTR): Institutions own 98.12% of the shares. Its market capitalization is $15,505,400,000, its revenue for the most recent fiscal year is $1,954,426,000, which represents a change of 63.49% for the year-over-year period. The shares most recently traded at $48.12. About the company: Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company’s products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits.
  • Coherent, Inc. (NASDAQ:COHR): Institutions own 93.51% of the shares. Its market capitalization is $1,494,083,000, its revenue for the most recent fiscal year is $605,067,000, which represents a change of 38.81% for the year-over-year period. The shares most recently traded at $59.61. About the company:  Coherent, Inc. is a global company that manufactures and sells a variety of laser-based photonic products. The Company’s products are used in manufacturing and instrumentation applications that include optical telecommunication, semiconductor manufacturing, inspection and test, advance packaging, and reprographics. The electro-optical market consists of Fortune 500 customers.
  • Cognizant Technology Solutions Corp. (NASDAQ:CTSH): Institutions own 94.41% of the shares. Its market capitalization is $23,615,870,000, its revenue for the most recent fiscal year is $4,592,389,000, which represents a change of 40.07% for the year-over-year period. The shares most recently traded at $77.62. About the company:  Cognizant Technology Solutions Corporation provides custom Information Technology consulting and technology services as well as outsourcing services. The Company’s core competencies include technology strategy consulting, complex systems development, enterprise software package implementation and maintenance, data warehousing and business intelligence. Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), iGATE Corporation (NASDAQ:IGTE), Syntel, Inc. (NASDAQ:SYNT), Computer Sciences Corp. (NYSE:CSC), Infosys Tech. Ltd. (NASDAQ:INFY), Wipro Limited (NYSE:WIT), CIBER, Inc. (NYSE:CBR), Edgewater Technology Inc. (NASDAQ:EDGW), Virtusa Corporation (NASDAQ:VRTU), and Patni Computer Systems Ltd. (NYSE:PTI)
  • Hittite Microwave Corporation (NASDAQ:HITT): Institutions own 90.62% of the shares. Its market capitalization is $1,988,970,000, its revenue for the most recent fiscal year is $244,256,000, which represents a change of 49.86% for the year-over-year period. The shares most recently traded at $63.47. About the company:  Hittite Microwave Corporation designs and develops integrated circuits, modules, and subsystems for radio frequency, microwave, and millimeter wave applications. The Company’s products include power amplifiers, switches, modulators, converters, and phase shifters.
  • Littelfuse, Inc. (NASDAQ:LFUS): Institutions own 98.87% of the shares. Its market capitalization is $1,395,624,000, its revenue for the most recent fiscal year is $608,021,000, which represents a change of 41.35% for the year-over-year period. The shares most recently traded at $61.40. About the company:  Littelfuse, Inc. manufactures and sells fuses and other circuit protection devices for use in the automotive, electronic, and general industrial markets. The Company also makes relays, switches, circuit breakers, and indicator lights. Littelfuse sells its products around the world.
  • Lam Research Corporation (NASDAQ:LRCX): Institutions own 91.32% of the shares. Its market capitalization is $5,569,716,000, its revenue for the most recent fiscal year is $2,133,776,000, which represents a change of 91.21% for the year-over-year period. The shares most recently traded at $44.74. About the company:  Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits. The Company’s products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design. Lam sells its products around the world.
  • MKS Instruments, Inc. (NASDAQ:MKSI): Institutions own 94.58% of the shares. Its market capitalization is $1,379,258,000, its revenue for the most recent fiscal year is $853,114,000, which represents a change of 117.25% for the year-over-year period. The shares most recently traded at $26.39. About the company:  MKS Instruments, Inc. develops, manufactures, and supplies instruments and components used to control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. The Company’s products are used to manufacture flat panel displays, magnetic and optical storage devices and media, solar cells, fiber optic cables, and diamond thin films.
  • Novellus Systems, Inc. (NASDAQ:NVLS): Institutions own 93.83% of the shares. Its market capitalization is $3,287,414,000, its revenue for the most recent fiscal year is $1,349,158,000, which represents a change of 111.07% for the year-over-year period. The shares most recently traded at $36.81. About the company:  Novellus Systems, Inc. manufactures, markets, and services equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. The Company also develops, manufactures, sells and supports grinding, lapping and polishing equipment for a broad spectrum of industrial applications. Competitors to Watch: Mattson Technology, Inc. (NASDAQ:MTSN), Amtech Systems, Inc. (NASDAQ:ASYS), Applied Materials, Inc. (NASDAQ:AMAT), Axcelis Technologies, Inc. (NASDAQ:ACLS), CVD Equipment Corporation (NASDAQ:CVV), Tegal Corporation (NASDAQ:TGAL), ASM Intl. N.V. (NASDAQ:ASMI), Varian Semiconductor (NASDAQ:VSEA), Lam Research Corporation (NASDAQ:LRCX), and FSI International, Inc. (NASDAQ:FSII).
  • OmniVision Technologies, Inc. (NASDAQ:OVTI): Institutions own 90.95% of the shares. Its market capitalization is $1,973,330,000, its revenue for the most recent fiscal year is $956,476,000, which represents a change of 58.62% for the year-over-year period. The shares most recently traded at $33.68. About the company:  OmniVision Technologies, Inc. provides integrated single chip semiconductor imaging devices. The Company designs, develops, and markets semiconductor imaging devices for computing, communications, and consumer electronics applications. OmniVision’s image sensor product is used in cameras and camera related products such as personal computer, digital, and security cameras.
  • Qlik Technologies Inc (NASDAQ:QLIK): Institutions own 96.54% of the shares. Its market capitalization is $2,752,601,000, its revenue for the most recent fiscal year is $226,521,000, which represents a change of 43.95% for the year-over-year period. The shares most recently traded at $34.14. About the company:  QLIK Technologies Inc. develops business intelligence solutions. The Company’s software platform combines enterprise-class analytics and search functionality into a single platform.
  • Semtech Corporation (NASDAQ:SMTC): Institutions own 98.82% of the shares. Its market capitalization is $1,823,808,000, its revenue for the most recent fiscal year is $454,502,000, which represents a change of 58.61% for the year-over-year period. The shares most recently traded at $27.90. About the company:  Semtech Corporation designs, manufactures, and markets a wide range of analog and mixed-signal semiconductors, including integrated circuits, discrete circuits, and assembly products. The Company’s devices are used in computer, communications, industrial, military-aerospace, and automotive applications.
  • GT Solar International, Inc. (NASDAQ:SOLR): Institutions own 92.78% of the shares. Its market capitalization is $2,154,039,000, its revenue for the most recent fiscal year is $898,984,000, which represents a change of 65.18% for the year-over-year period. The shares most recently traded at $17.11. About the company:  GT Solar International Inc. manufactures solar power equipment. The Company is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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