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
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!