Do Hedge Funds and Insiders Love Intersil Corp (ISIL)?

Page 1 of 2

Intersil Corp (NASDAQ:ISIL) was in 9 hedge funds’ portfolio at the end of December. ISIL investors should pay attention to an increase in hedge fund interest lately. There were 8 hedge funds in our database with ISIL positions at the end of the previous quarter.

Intersil Corp (NASDAQ:ISIL)To the average investor, there are many methods investors can use to watch publicly traded companies. Two of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite hedge fund managers can outperform their index-focused peers by a very impressive margin (see just how much).

Equally as important, bullish insider trading activity is a second way to parse down the investments you’re interested in. Just as you’d expect, there are many motivations for an upper level exec to cut shares of his or her company, but just one, very simple reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this tactic if you understand what to do (learn more here).

Consequently, let’s take a peek at the latest action regarding Intersil Corp (NASDAQ:ISIL).

How are hedge funds trading Intersil Corp (NASDAQ:ISIL)?

At the end of the fourth quarter, a total of 9 of the hedge funds we track were long in this stock, a change of 13% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their stakes substantially.

According to our comprehensive database, Citadel Investment Group, managed by Ken Griffin, holds the biggest position in Intersil Corp (NASDAQ:ISIL). Citadel Investment Group has a $34.7 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Renaissance Technologies, managed by Jim Simons, which held a $12 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other hedgies with similar optimism include Stuart Peterson’s Artis Capital Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Chuck Royce’s Royce & Associates.

Now, key hedge funds were leading the bulls’ herd. Royce & Associates, managed by Chuck Royce, established the most outsized position in Intersil Corp (NASDAQ:ISIL). Royce & Associates had 1.6 million invested in the company at the end of the quarter. Cliff Asness’s AQR Capital Management also made a $0.1 million investment in the stock during the quarter. The only other fund with a brand new ISIL position is John Overdeck and David Siegel’s Two Sigma Advisors.

What have insiders been doing with Intersil Corp (NASDAQ:ISIL)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has experienced transactions within the past 180 days. Over the last six-month time frame, Intersil Corp (NASDAQ:ISIL) has experienced 1 unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Intersil Corp (NASDAQ:ISIL). These stocks are Advanced Micro Devices, Inc. (NYSE:AMD), M/A-COM Technology Solutions Holdings (NASDAQ:MTSI), Cypress Semiconductor Corporation (NASDAQ:CY), Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD), and Integrated Device Technology, Inc. (NASDAQ:IDTI). This group of stocks are the members of the semiconductor – broad line industry and their market caps are closest to ISIL’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 Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!