International Rectifier Corporation (NYSE:IRF)
was in 6 hedge funds' portfolio at the end of the fourth quarter of 2012. IRF shareholders have witnessed an increase in support from the world's most elite money managers recently. There were 3 hedge funds in our database with IRF holdings at the end of the previous quarter.
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Keeping this in mind, it's important to take a peek at the key action encompassing International Rectifier Corporation (NYSE:IRF
What have hedge funds been doing with International Rectifier Corporation (NYSE:IRF)?
Heading into 2013, a total of 6 of the hedge funds we track held long positions in this stock, a change of 100% from the previous quarter. With hedgies' positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their stakes considerably.
According to our comprehensive database, Royce & Associates
, managed by Chuck Royce, holds the most valuable position in International Rectifier Corporation (NYSE:IRF). Royce & Associates has a $105.7 million position in the stock, comprising 0.3% of its 13F portfolio. On Royce & Associates's heels is Starboard Value LP
, managed by Jeffrey Smith, which held a $8.4 million position; 1% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include Mike Vranos's Ellington
, John Overdeck and David Siegel's Two Sigma Advisors
and Ken Griffin's Citadel Investment Group
As industrywide interest jumped, key money managers have jumped into International Rectifier Corporation (NYSE:IRF) headfirst. Starboard Value LP
, managed by Jeffrey Smith, initiated the largest position in International Rectifier Corporation (NYSE:IRF). Starboard Value LP had 8.4 million invested in the company at the end of the quarter. Mike Vranos's Ellington
also initiated a $0.9 million position during the quarter. The only other fund with a brand new IRF position is Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital
What do corporate executives and insiders think about International Rectifier Corporation (NYSE:IRF)?
Insider trading activity, especially when it's bullish, is particularly usable when the company we're looking at has experienced transactions within the past half-year. Over the last 180-day time frame, International Rectifier Corporation (NYSE:IRF) has seen 2 unique insiders purchasing, and 2 insider sales (see the details of insider trades here
Let's go over hedge fund and insider activity in other stocks similar to International Rectifier Corporation (NYSE:IRF). These stocks are Semiconductor Manufacturing Int'l (ADR) (NYSE:SMI
), Fairchild Semiconductor Intl Inc (NYSE:FCS
), Power Integrations Inc (NASDAQ:POWI
), PMC-Sierra Inc (NASDAQ:PMCS
), and RF Micro Devices, Inc. (NASDAQ:RFMD
). This group of stocks belong to the semiconductor - integrated circuits industry and their market caps resemble IRF's market cap.