I took the time this weekend to upgrade the institutional holdings of
each stock in the group. The last time I did this was approximately
3 months ago. I was surprised at how little change there was for
each stock. I don't recall any stock changing by more than 2 to 3
percent holdings, and for most of the stocks, the percent change was
less than 1 percent. I can't come up with a good exclamation for the
lack of movement.
At the bottom of the table, averages are shown. On the average for
each stock, 150 institutions hold shares and own 52 percent of the
shares outstanding. Many companies have a lot of insider held
shares, so that leaves the public definitely in the minority.
I also note the spread of holdings across the 41 stocks is very wide.
All the way from 97 percent for ETEC to 14 percent for SMTL and
NANO.
NBR PERCENT
SHARES INSTITNS INSTITNS
OUTS HOLD HOLD
SYMBOL COMPANY (000) SHARES SHARES
ETEC Etec System 22,063 235 97
CMOS Credence Systems 21,649 161 90
TER Teradyne 84,002 453 88
LRCX Lam Research 38,219 246 87
NVLS Novellus Systems 34,093 276 84
IPEC Integrated Process Equipment 17,712 149 80
KLAC KLA Instruments 86,873 579 78
WJ Watkins Johnson 8,258 109 71
SVGI Silicon Valley Group 32,570 147 69
EGLS Electroglas 19,723 142 69
ASYT Asyst Technologies 12,149 133 66
ASEC Aseco 3,715 32 64
FSII FSI International 22,910 78 63
BRKS Brooks Automation 10,113 69 60
KLIC Kulicke & Soffa Industries 23,344 206 60
AMAT Applied Materials 365,627 985 60
MASK Align-Rite International 4,466 34 58
PLAB Photronics 24,397 192 56
VECO Veeco Instruments 8,966 90 56
IMSC Integrated Measurement Systems 7,544 28 56
SFAM SpeedFAM 16,118 144 54
HELX Helix Technology 22,217 144 52
GSNX Gasonics 14,169 52 50
LTXX LTX 35,334 74 50
AFLX Adflex Solutions 8,843 59 49
PRIA Pri Automation 19,749 182 48
ATMI ATMI Inc 20,501 134 46
SFLX Smartflex Systems 6,431 21 45
CFMT CFM Technologies 7,931 79 43
COHU Cohu 9,736 92 40
UTEK Ultratech Stepper 21,032 120 35
MICN Micrion 4,063 26 28
PHTN Photon Dynamics 7,321 15 27
CYMI Cymer 28,567 134 26
WFR MEMC Electronic Materials 41,440 86 23
DPMI Dupont Photomasks 15,169 98 19
ASMLF ASM Lithography Holdings 138,000 238 18
MTSN Mattson Technology 14,706 22 17
TGAL Tegal 10,568 25 16
NANO Nanometrics 8,664 18 14
SMTL Semitool 13,792 47 14
AVERAGE 32018 150 52 |
