I went through an update process this morning on institutional
holdings and activity during the past 3 months. Thought I would pass
it on for possible interest. The data in the table is obtained from
MarketGuide.
The totals and averages at the end of the table are rather
interesting. The average number of shares for each stock in the
group is 32,018,000. The average stock is held by 143 institutions
and the average percentage owned is 57 percent. While there was a
lot of buying and selling going on, the net result was a rather small
positive change in ownership for the institutions. The average
institutional holding for each stock increased by 67,000 shares over
the 3 month period. If it is assumed that this occurred equally each
trading day (13 weeks times 5 trading days per week = 65 days), this
is an average gain of 1030 shares per day - hardly a big number. On
the other hand, total shares purchased during the 3 month period was
257,185,000 - this is approximately 20 percent of the total
outstanding shares. Obviously, institutions like to trade!
Even though the percentage spread of net gain to net loss, 22 percent
to -31 percent, was very wide, it obviously did not have much, if
any, impact on overall share price. All the stocks went down as
shown on the previous post. Let's take one or two examples: CMOS
at the top of the table with a 22 percent net gain of institutional
shares - it is down 25 percent in the last 6 weeks. COHU close to
the bottom of the table with a 15 percent loss of institutional
shares - it is only down 16 percent in share price the last 6 weeks.
MARKET GUIDE
INSTITUTIONS
# PERCENT 3 MOS 3 MOS CHANGE
SHARES INSTITNS INSTITNS SHARE SHARE LAST
OUTS HOLD HOLD PURCHSD SOLD 3 MOS PERCENT
SYMBOL (000) SHARES SHARES (000) (000) (000) CHANGE
CMOS 21649 136 95 7527 2759 4768 22
SFAM 16118 135 66 6674 3757 2917 18
BRKS 10113 70 68 3028 1300 1728 17
LRCX 38219 224 95 11519 6427 5092 13
IPEC 17712 149 95 7704 5435 2269 13
LTXX 35334 67 61 6021 2449 3572 10
SMTL 13792 39 26 2100 786 1314 10
ATMI 20501 128 49 5145 3415 1730 8
NANO 8664 18 15 729 38 691 8
WJ 8258 101 74 1603 1011 592 7
NVLS 34093 276 91 11393 9576 1817 5
SVGI 32570 143 82 7090 5582 1508 5
UTEK 21032 116 45 3392 2496 896 4
EGLS 19723 140 82 4836 4040 796 4
IMSC 7544 28 58 1216 945 271 4
ETEC 22063 233 94 7148 6552 596 3
MASK 4466 36 61 610 495 115 3
CYMI 28567 136 37 5727 5105 622 2
MICN 4063 24 29 116 79 37 1
PLAB 24397 205 70 7952 7736 216 1
DPMI 15169 95 30 1824 1772 52 0
CFMT 7931 71 47 1037 1011 26 0
ASMLF 138000 238 18 0 0 0 0
TGAL 10568 26 18 591 591 0 0
KLAC 86873 521 85 22292 22756 -464 -1
GSNX 14169 49 55 2761 2861 -100 -1
HELX 22217 140 49 3361 3551 -190 -1
TER 84002 425 95 31008 31750 -742 -1
SFLX 6431 22 46 391 491 -100 -2
MTSN 14706 22 15 193 599 -406 -3
AMAT 365627 944 67 67005 79087 -12082 -3
WFR 41440 80 29 2043 3490 -1447 -3
FSII 22910 77 68 2960 4285 -1325 -6
AFLX 8843 54 44 1435 2138 -703 -8
PRIA 19749 171 49 6278 7970 -1692 -9
PHTN 7321 16 31 334 1041 -707 -10
KLIC 23344 191 70 5940 8291 -2351 -10
COHU 9736 83 38 638 2061 -1423 -15
VECO 8966 88 54 1776 3171 -1395 -16
ASYT 12149 119 65 3046 5669 -2623 -22
ASEC 3715 29 51 742 1879 -1137 -31
Tot 1312744 5865 2318 257185 254447 2738 20
Ave 32018 143 57 6273 6206 67 0.5 |
