Cirrus Logic, Inc. (CRUS): Hedge Funds and Insiders Are Bearish, What Should You Do?

Page 1 of 2

Is Cirrus Logic, Inc. (NASDAQ:CRUS) a healthy stock for your portfolio? The best stock pickers are getting less bullish. The number of bullish hedge fund positions decreased by 1 lately.

In the financial world, there are dozens of methods shareholders can use to monitor Mr. Market. A couple of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can outclass the broader indices by a superb amount (see just how much).

Cirrus Logic, Inc. (NASDAQ:CRUS)Equally as beneficial, bullish insider trading activity is another way to break down the investments you’re interested in. Obviously, there are lots of incentives for an insider to get rid of shares of his or her company, but just one, very simple reason why they would buy. Several empirical studies have demonstrated the market-beating potential of this strategy if shareholders know where to look (learn more here).

Now, it’s important to take a glance at the key action encompassing Cirrus Logic, Inc. (NASDAQ:CRUS).

What does the smart money think about Cirrus Logic, Inc. (NASDAQ:CRUS)?

At Q1′s end, a total of 20 of the hedge funds we track held long positions in this stock, a change of -5% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their holdings considerably.

According to our comprehensive database, Andor Capital Management, managed by Daniel Benton, holds the biggest position in Cirrus Logic, Inc. (NASDAQ:CRUS). Andor Capital Management has a $22.8 million position in the stock, comprising 2.9% of its 13F portfolio. On Andor Capital Management’s heels is Chuck Royce of Royce & Associates, with a $16.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include Glenn Russell Dubin’s Highbridge Capital Management, John Thaler’s JAT Capital Management and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Due to the fact that Cirrus Logic, Inc. (NASDAQ:CRUS) has faced declining sentiment from the aggregate hedge fund industry, it’s easy to see that there exists a select few funds who were dropping their full holdings last quarter. Intriguingly, Richard Driehaus’s Driehaus Capital sold off the largest investment of all the hedgies we key on, worth about $6.9 million in stock., and Scott Fine and Peter Richards of Empire Capital Management was right behind this move, as the fund sold off about $5.9 million worth. These moves are interesting, as aggregate hedge fund interest fell by 1 funds last quarter.

What do corporate executives and insiders think about Cirrus Logic, Inc. (NASDAQ:CRUS)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has seen transactions within the past half-year. Over the last half-year time period, Cirrus Logic, Inc. (NASDAQ:CRUS) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Cirrus Logic, Inc. (NASDAQ:CRUS). These stocks are First Solar, Inc. (NASDAQ:FSLR), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), SunPower Corporation (NASDAQ:SPWR), Silicon Laboratories (NASDAQ:SLAB), and SolarCity Corp (NASDAQ:SCTY). This group of stocks belong to the semiconductor – specialized industry and their market caps are closest to CRUS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!