Is Power One Inc (NASDAQ:PWER) a good investment?
In today’s marketplace, there are a multitude of gauges investors can use to watch their holdings. A pair of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can outperform the S&P 500 by a healthy amount (see just how much).
Just as key, bullish insider trading sentiment is another way to look at the marketplace. Obviously, there are a variety of stimuli for an insider to downsize shares of his or her company, but only one, very simple reason why they would initiate a purchase. Several empirical studies have demonstrated the valuable potential of this method if you understand where to look (learn more here).
Furthermore, we’re going to discuss the latest info surrounding Power One Inc (NASDAQ:PWER).
What does the smart money think about Power One Inc (NASDAQ:PWER)?
In preparation for the third quarter, a total of 20 of the hedge funds we track were bullish in this stock, a change of 54% from the first quarter. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were boosting their holdings significantly.
When using filings from the hedgies we track, Clifton S. Robbins’s Blue Harbour Group had the most valuable position in Power One Inc (NASDAQ:PWER), worth close to $15 million, accounting for 1.1% of its total 13F portfolio. On Blue Harbour Group’s heels is Tom Sandell of Sandell Asset Management, with a $14.8 million position; 2.5% of its 13F portfolio is allocated to the company. Remaining hedgies that hold long positions include Cliff Asness’s AQR Capital Management, Robert Emil Zoellner’s Alpine Associates and Paul Glazer’s Glazer Capital.
Consequently, certain bigger names have jumped into Power One Inc (NASDAQ:PWER) headfirst. Blue Harbour Group, managed by Clifton S. Robbins, established the largest position in Power One Inc (NASDAQ:PWER). Blue Harbour Group had 15 million invested in the company at the end of the quarter. Tom Sandell’s Sandell Asset Management also initiated a $14.8 million position during the quarter. The following funds were also among the new PWER investors: Cliff Asness’s AQR Capital Management, Robert Emil Zoellner’s Alpine Associates, and Paul Glazer’s Glazer Capital.
How are insiders trading Power One Inc (NASDAQ:PWER)?
Insider buying made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time frame, Power One Inc (NASDAQ:PWER) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Power One Inc (NASDAQ:PWER). These stocks are Advanced Energy Industries, Inc. (NASDAQ:AEIS), Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO), Nam Tai Electronics, Inc. (NYSE:NTE), Orbotech Ltd. (NASDAQ:ORBK), and Methode Electronics Inc. (NYSE:MEI). This group of stocks belong to the diversified electronics industry and their market caps resemble PWER’s market cap.