Peregrine Semiconductor Corp (PSMI): Insiders Are Buying, Should You?

Page 1 of 2

Peregrine Semiconductor Corp (NASDAQ:PSMI) was in 4 hedge funds’ portfolio at the end of March. PSMI has experienced a decrease in hedge fund interest lately. There were 6 hedge funds in our database with PSMI positions at the end of the previous quarter.

Peregrine Semiconductor Corp (NASDAQ:PSMI)To most investors, hedge funds are assumed to be worthless, old financial tools of the past. While there are greater than 8000 funds trading today, we at Insider Monkey hone in on the aristocrats of this club, around 450 funds. It is widely believed that this group controls the lion’s share of the hedge fund industry’s total capital, and by tracking their highest performing investments, we have revealed a few investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Equally as key, optimistic insider trading activity is a second way to parse down the investments you’re interested in. Obviously, there are plenty of stimuli for a corporate insider to get rid of shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this strategy if “monkeys” understand what to do (learn more here).

Consequently, we’re going to take a glance at the key action regarding Peregrine Semiconductor Corp (NASDAQ:PSMI).

What does the smart money think about Peregrine Semiconductor Corp (NASDAQ:PSMI)?

At Q1′s end, a total of 4 of the hedge funds we track were long in this stock, a change of -33% from the first quarter.

Due to the fact that Peregrine Semiconductor Corp (NASDAQ:PSMI) has faced falling interest from hedge fund managers, we can see that there were a few money managers who were dropping their positions entirely at the end of the first quarter. Interestingly, Scott Burney’s Bluefin Investment Management said goodbye to the largest investment of the 450+ funds we watch, comprising close to $4.2 million in stock.. Richard Driehaus’s fund, Driehaus Capital, also cut its stock, about $1.2 million worth. These bearish behaviors are important to note, as total hedge fund interest dropped by 2 funds at the end of the first quarter.

How are insiders trading Peregrine Semiconductor Corp (NASDAQ:PSMI)?

Insider buying is at its handiest when the company in focus has experienced transactions within the past half-year. Over the latest half-year time period, Peregrine Semiconductor Corp (NASDAQ:PSMI) has seen 4 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Peregrine Semiconductor Corp (NASDAQ:PSMI). These stocks are Volterra Semiconductor Corporation (NASDAQ:VLTR), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), Audience Inc (NASDAQ:ADNC), ParkerVision, Inc. (NASDAQ:PRKR), and Oplink Communications, Inc (NASDAQ:OPLK). This group of stocks belong to the semiconductor – integrated circuits industry and their market caps resemble PSMI’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

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

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines 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!