MIPS Technologies, Inc. (NASDAQ:MIPS): Are Hedge Funds Right About This Stock?

MIPS Technologies, Inc. (NASDAQ:MIPS) investors should be aware of an increase in hedge fund sentiment lately.

In today’s marketplace, there are a multitude of methods market participants can use to monitor the equity markets. A duo of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top fund managers can outclass the S&P 500 by a healthy amount (see just how much).

AQR CAPITAL MANAGEMENT

Equally as key, bullish insider trading sentiment is a second way to break down the marketplace. There are a variety of reasons for an upper level exec to cut shares of his or her company, but only one, very simple reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the valuable potential of this method if piggybackers understand what to do (learn more here).

Keeping this in mind, we’re going to take a look at the key action surrounding MIPS Technologies, Inc. (NASDAQ:MIPS).

What have hedge funds been doing with MIPS Technologies, Inc. (NASDAQ:MIPS)?

Heading into 2013, a total of 18 of the hedge funds we track held long positions in this stock, a change of 64% from the third quarter. With hedge funds’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their holdings meaningfully.

When looking at the hedgies we track, AQR Capital Management, managed by Cliff Asness, holds the largest position in MIPS Technologies, Inc. (NASDAQ:MIPS). AQR Capital Management has a $20 million position in the stock, comprising 0.1% of its 13F portfolio. On AQR Capital Management’s heels is Brett Hendrickson of Nokomis Capital, with a $15 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds that are bullish include Nancy Havens-Hasty’s Havens Advisors, Michael Price’s MFP Investors and Israel Englander’s Millennium Management.

As aggregate interest increased, specific money managers have been driving this bullishness. AQR Capital Management, managed by Cliff Asness, created the most outsized position in MIPS Technologies, Inc. (NASDAQ:MIPS). AQR Capital Management had 20 million invested in the company at the end of the quarter. Nancy Havens-Hasty’s Havens Advisors also initiated a $14 million position during the quarter. The other funds with new positions in the stock are John Bader’s Halcyon Asset Management, John Arnold’s Centaurus Advisors, and Jean-Marie Eveillard’s First Eagle Investment Management.

Insider trading activity in MIPS Technologies, Inc. (NASDAQ:MIPS)

Insider purchases made by high-level executives is particularly usable when the company in question has seen transactions within the past six months. Over the latest six-month time period, MIPS Technologies, Inc. (NASDAQ:MIPS) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

With the results exhibited by Insider Monkey’s studies, retail investors must always monitor hedge fund and insider trading activity, and MIPS Technologies, Inc. (NASDAQ:MIPS) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Comments
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

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!