Is RF Micro Devices, Inc. (NASDAQ:RFMD) going to take off soon? The smart money is betting on the stock. The number of long hedge fund bets went up by 2 in recent months.
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Keeping this in mind, let’s take a glance at the latest action surrounding RF Micro Devices, Inc. (NASDAQ:RFMD).
Hedge fund activity in RF Micro Devices, Inc. (NASDAQ:RFMD)
At the end of the fourth quarter, a total of 15 of the hedge funds we track held long positions in this stock, a change of 15% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes meaningfully.
When looking at the hedgies we track, Citadel Investment Group, managed by Ken Griffin, holds the biggest position in RF Micro Devices, Inc. (NASDAQ:RFMD). Citadel Investment Group has a $17 million position in the stock, comprising 0% of its 13F portfolio. Coming in second is Israel Englander of Millennium Management, with a $10 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedge funds that hold long positions include Glenn Russell Dubin’s Highbridge Capital Management, Steven Cohen’s SAC Capital Advisors and SAC Subsidiary’s Sigma Capital Management.
As one would reasonably expect, key hedge funds have jumped into RF Micro Devices, Inc. (NASDAQ:RFMD) headfirst. Highbridge Capital Management, managed by Glenn Russell Dubin, established the most outsized position in RF Micro Devices, Inc. (NASDAQ:RFMD). Highbridge Capital Management had 4 million invested in the company at the end of the quarter. Steven Cohen’s SAC Capital Advisors also initiated a $4 million position during the quarter. The following funds were also among the new RFMD investors: SAC Subsidiary’s Sigma Capital Management, Louis Bacon’s Moore Global Investments, and John Fichthorn’s Dialectic Capital Management.
Insider trading activity in RF Micro Devices, Inc. (NASDAQ:RFMD)
Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past 180 days. Over the latest 180-day time period, RF Micro Devices, Inc. (NASDAQ:RFMD) has seen zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to RF Micro Devices, Inc. (NASDAQ:RFMD). These stocks are International Rectifier Corporation (NYSE:IRF), PMC-Sierra Inc (NASDAQ:PMCS), Power Integrations Inc (NASDAQ:POWI), Fairchild Semiconductor Intl Inc (NYSE:FCS), and Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI). All of these stocks are in the semiconductor – integrated circuits industry and their market caps are closest to RFMD’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|International Rectifier Corporation (NYSE:IRF)||6||2||2|
|PMC-Sierra Inc (NASDAQ:PMCS)||20||0||2|
|Power Integrations Inc (NASDAQ:POWI)||7||0||10|
|Fairchild Semiconductor Intl Inc (NYSE:FCS)||12||0||5|
|Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI)||3||0||0|
With the returns shown by our research, retail investors should always keep an eye on hedge fund and insider trading activity, and RF Micro Devices, Inc. (NASDAQ:RFMD) is no exception.
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