This Metric Says You Are Smart to Sell Maxim Integrated Products Inc. (MXIM)

Page 1 of 2

Is Maxim Integrated Products Inc. (NASDAQ:MXIM) ready to rally soon? The best stock pickers are selling. The number of bullish hedge fund positions went down by 2 recently.

Maxim Integrated Products Inc. (NASDAQ:MXIM)

In today’s marketplace, there are plenty of metrics market participants can use to analyze the equity markets. A couple of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can trounce the broader indices by a solid amount (see just how much).

Just as beneficial, positive insider trading sentiment is another way to break down the investments you’re interested in. There are many reasons for a bullish insider to get rid of shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the useful potential of this tactic if shareholders understand where to look (learn more here).

Keeping this in mind, let’s take a look at the recent action encompassing Maxim Integrated Products Inc. (NASDAQ:MXIM).

How have hedgies been trading Maxim Integrated Products Inc. (NASDAQ:MXIM)?

Heading into Q2, a total of 14 of the hedge funds we track were long in this stock, a change of -13% from one quarter earlier. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were upping their stakes meaningfully.

Of the funds we track, Citadel Investment Group, managed by Ken Griffin, holds the largest position in Maxim Integrated Products Inc. (NASDAQ:MXIM). Citadel Investment Group has a $198.3 million position in the stock, comprising 0.3% of its 13F portfolio. The second largest stake is held by Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital, with a $110.9 million position; 0.9% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Jim Simons’s Renaissance Technologies and Cliff Asness’s AQR Capital Management.

Seeing as Maxim Integrated Products Inc. (NASDAQ:MXIM) has witnessed bearish sentiment from hedge fund managers, it’s safe to say that there were a few fund managers that elected to cut their entire stakes at the end of the first quarter. At the top of the heap, David Costen Haley’s HBK Investments said goodbye to the biggest investment of the “upper crust” of funds we monitor, valued at close to $0.5 million in stock., and John Fichthorn of Dialectic Capital Management was right behind this move, as the fund said goodbye to about $0.3 million worth. These bearish behaviors are interesting, as total hedge fund interest dropped by 2 funds at the end of the first quarter.

What have insiders been doing with Maxim Integrated Products Inc. (NASDAQ:MXIM)?

Insider purchases made by high-level executives is most useful when the primary stock in question has seen transactions within the past six months. Over the last half-year time period, Maxim Integrated Products Inc. (NASDAQ:MXIM) has experienced zero unique insiders buying, and 13 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Maxim Integrated Products Inc. (NASDAQ:MXIM). These stocks are Freescale Semiconductor Ltd (NYSE:FSL), AU Optronics Corp. (ADR) (NYSE:AUO), STMicroelectronics N.V. (ADR) (NYSE:STM), NXP Semiconductors NV (NASDAQ:NXPI), and Avago Technologies Ltd (NASDAQ:AVGO). This group of stocks are the members of the semiconductor – broad line industry and their market caps match MXIM’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

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

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!