12 5-Star Tech Stocks Being Snapped Up By Hedge Funds

If you like to follow the trading trends of institutional investors, here's a list you might be interested in.

We ran a screen on stocks from the tech sector currently rated "5 stars" by the readers of The Motley Fool, meaning they expect these stocks to outperform. We then screened these names for those with the most significant net institutional purchases over the current quarter, indicating institutional investors such as hedge fund managers and mutual fund managers also expect these stocks to outperform.

?Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.?

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We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you agree that these stocks are likely to outperform? Use this list as a starting point for your own analysis.

List sorted alphabetically.

1. Advanced Energy Industries, Inc. (AEIS): Designs, manufactures, sells, and supports industrial power conversion products that transform power into various usable forms. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 2.6M shares, which represents about 6.98% of the company's float of 37.23M shares.

2. Arris Group Inc. (ARRS): Develops, manufactures, and supplies telephony, data, video, construction, rebuild, and maintenance equipment for the broadband communications industry worldwide. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 5.5M shares, which represents about 5.% of the company's float of 109.90M shares.

3. CIBER, Inc. (CBR): Operates as an information technology consulting, services, and outsourcing company worldwide. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 3.1M shares, which represents about 4.78% of the company's float of 64.82M shares.

4. ClickSoftware Technologies Ltd. (CKSW): Provides workforce and service management software products and solutions. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 1.1M shares, which represents about 4.24% of the company's float of 25.97M shares.

5. Digi International Inc. (DGII): Operates as a device networking company that develops products and technologies to connect and manage local or remote electronic devices over a network, via the Internet or via satellite. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 1.1M shares, which represents about 4.33% of the company's float of 25.41M shares.

6. Infinera Corporation (INFN): Provides optical networking systems based on photonic integration technology in the United States. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 5.2M shares, which represents about 5.04% of the company's float of 103.23M shares.

7. Inphi Corporation (IPHI): Operates as a fabless provider of high-speed analog semiconductor solutions for the communications and computing markets, providing high signal integrity at leading-edge data speeds that are designed to address bandwidth bottlenecks in networks, minimize latency in computing environments, and enable the rollout of next generation communications infrastructure. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 1.3M shares, which represents about 6.55% of the company's float of 19.84M shares.

8. MagnaChip Semiconductor (MX): Designs and manufactures analog and mixed-signal semiconductor products for high-volume consumer applications. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 1.9M shares, which represents about 14.3% of the company's float of 13.29M shares.

9. Netgear Inc. (NTGR): Designs, develops and markets networking products for home users and small businesses worldwide. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 1.3M shares, which represents about 3.54% of the company's float of 36.73M shares.

10. NTELOS Holdings Corp. (NTLS): Provides integrated communications services primarily in Virginia, West Virginia, and Tennessee. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 476.8K shares, which represents about 3.24% of the company's float of 14.71M shares.

11. SK Telecom Co. Ltd. (SKM): Provides wireless telecommunications services using code division multiple access and wide-band CDMA technologies. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 81.6M shares, which represents about 22.92% of the company's float of 356.07M shares.

12. TIM Participacoes S.A. (TSU): Provides mobile telecommunications services through global system mobile technology to business and individual customers in Brazil. The readers of Motley Fool think this is a 5-star stock (top stock). Net institutional purchases in the current quarter at 6.7M shares, which represents about 5.97% of the company's float of 112.21M shares.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.