GT Advanced Technologies Inc (NASDAQ:GTAT)
investors should be aware of a decrease in activity from the world's largest hedge funds recently. We'll also take a peek at the smart money's interest in Trina Solar Limited (ADR) (NYSE:TSL)
and CEVA, Inc. (NASDAQ:CEVA)
, both also operating in the specialized semiconductor space.
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Just as key, bullish insider trading sentiment is a second way to break down the marketplace. Just as you'd expect, there are a variety of motivations for an executive to sell shares of his or her company, but only one, very simple reason why they would buy. Various empirical studies have demonstrated the useful potential of this method if shareholders understand what to do (learn more here
With these "truths" under our belt, we're going to take a gander at the latest action encompassing GT Advanced Technologies Inc (NASDAQ:GTAT
How have hedgies been trading GT Advanced Technologies Inc (NASDAQ:GTAT)?
At year's end, a total of 16 of the hedge funds we track held long positions in this stock, a change of -11% from the third quarter. With the smart money's sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes substantially.
Of the funds we track, Kerr Neilson's Platinum Asset Management
had the biggest position in GT Advanced Technologies Inc (NASDAQ:GTAT), worth close to $7 million, comprising 0.2% of its total 13F portfolio. Sitting at the No. 2 spot is Phil Frohlich of Prescott Group Capital Management
, with a $3 million position; 0.2% of its 13F portfolio is allocated to the company. Remaining peers that hold long positions include Joel Greenblatt's Gotham Asset Management
, Eric Sprott's Sprott Asset Management
and Andrew R. Midler's Savitr Capital
Judging by the fact that GT Advanced Technologies Inc (NASDAQ:GTAT) has experienced falling interest from hedge fund managers, it's safe to say that there was a specific group of hedgies that slashed their positions entirely at the end of the year. Intriguingly, John Kleinheinz's Kleinheinz Capital Partners
sold off the largest position of the "upper crust" of funds we key on, worth an estimated $8 million in stock.. Howard Marks's fund, Oaktree Capital Management
, also said goodbye to its stock, about $7 million worth. These moves are interesting, as aggregate hedge fund interest was cut by 2 funds at the end of the year.
How have insiders been trading GT Advanced Technologies Inc (NASDAQ:GTAT)?
Insider purchases made by high-level executives is at its handiest when the company we're looking at has experienced transactions within the past half-year. Over the latest six-month time period, GT Advanced Technologies Inc (NASDAQ:GTAT) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here
). Let's see what a couple of its peers, Trina Solar Limited (ADR) (NYSE:TSL
) and CEVA, Inc. (NASDAQ:CEVA
), have experienced over this same time frame.
||# of Hedge Funds
||# of Insiders Buying
||# of Insiders Selling
|Trina Solar Limited (ADR) (NYSE:TSL)
|CEVA, Inc. (NASDAQ:CEVA)
With the returns demonstrated by Insider Monkey's studies, everyday investors should always watch hedge fund and insider trading activity, and GT Advanced Technologies Inc (NASDAQ:GTAT) shareholders fit into this picture quite nicely.
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