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
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

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

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!