Is Vitesse Semiconductor (NASDAQ:VTSS) a good investment?
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Thus, we’re going to analyze the recent info about Vitesse Semiconductor (NASDAQ:VTSS).
What have hedge funds been doing with Vitesse Semiconductor (NASDAQ:VTSS)?
In preparation for the third quarter, a total of 9 of the hedge funds we track were long in this stock, a change of 29% from the previous quarter. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes considerably.
According to our 13F database, Phil Frohlich’s Prescott Group Capital Management had the biggest position in Vitesse Semiconductor (NASDAQ:VTSS), worth close to $7 million, comprising 1.7% of its total 13F portfolio. Coming in second is Millennium Management, managed by Israel Englander, which held a $4.1 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include Chuck Royce’s Royce & Associates, Mark N. Diker’s Diker Management and J. Carlo Cannell’s Cannell Capital.
As one would understandably expect, certain bigger names were breaking ground themselves. Whitebox Advisors, managed by Andy Redleaf, established the largest position in Vitesse Semiconductor (NASDAQ:VTSS). Whitebox Advisors had 14.5 million invested in the company at the end of the quarter. Phil Frohlich’s Prescott Group Capital Management also initiated a $7 million position during the quarter. The other funds with new positions in the stock are Cliff Asness’s AQR Capital Management, Israel Englander’s Millennium Management, and Chuck Royce’s Royce & Associates.
How have insiders been trading Vitesse Semiconductor (NASDAQ:VTSS)?
Insider buying is best served when the company in question has experienced transactions within the past 180 days. Over the latest half-year time frame, Vitesse Semiconductor (NASDAQ:VTSS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Vitesse Semiconductor (NASDAQ:VTSS). These stocks are QuickLogic Corporation (NASDAQ:QUIK), China Sunergy Co Ltd (NASDAQ:CSUN), O2Micro International Limited (ADR) (NASDAQ:OIIM), AXT Inc (NASDAQ:AXTI), and Sequans Communications SA ADR (NYSE:SQNS). All of these stocks are in the semiconductor – integrated circuits industry and their market caps resemble VTSS’s market cap.