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Thus, let's discuss the newest info about Cirrus Logic, Inc. (NASDAQ:CRUS
What have hedge funds been doing with Cirrus Logic, Inc. (NASDAQ:CRUS)?
At Q2's end, a total of 18 of the hedge funds we track held long positions in this stock, a change of -10% from one quarter earlier. With hedgies' capital changing hands, there exists an "upper tier" of notable hedge fund managers who were upping their stakes significantly.
According to our 13F database, Royce & Associates
, managed by Chuck Royce, holds the largest position in Cirrus Logic, Inc. (NASDAQ:CRUS). Royce & Associates has a $97.7 million position in the stock, comprising 0.3% of its 13F portfolio. Coming in second is Renaissance Technologies
, managed by Jim Simons, which held a $29 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedgies with similar optimism include Philippe Laffont's Coatue Management
, John Thaler's JAT Capital Management
and Joel Greenblatt's Gotham Asset Management
Since Cirrus Logic, Inc. (NASDAQ:CRUS) has experienced declining interest from upper-tier hedge fund managers, it's easy to see that there were a few funds who were dropping their full holdings in Q1. It's worth mentioning that Daniel Benton's Andor Capital Management
dumped the biggest position of the 450+ funds we watch, totaling an estimated $22.8 million in stock, and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital was right behind this move, as the fund cut about $11.5 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 2 funds in Q1.
What do corporate executives and insiders think about Cirrus Logic, Inc. (NASDAQ:CRUS)?
Insider buying made by high-level executives is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the latest six-month time period, Cirrus Logic, Inc. (NASDAQ:CRUS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here
We'll also take a look at the relationship between both of these indicators 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 are the members of the semiconductor - specialized industry and their market caps are closest to CRUS's market cap.