Is TriQuint Semiconductor (NASDAQ:TQNT) a good investment?
In today’s marketplace, there are many metrics market participants can use to watch stocks. A couple of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top investment managers can outclass the market by a significant amount (see just how much).
Equally as crucial, optimistic insider trading activity is a second way to analyze the world of equities. Just as you’d expect, there are a number of motivations for an insider to sell shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of academic studies have demonstrated the valuable potential of this tactic if you know where to look (learn more here).
Keeping this in mind, we’re going to discuss the newest info about TriQuint Semiconductor (NASDAQ:TQNT).
What have hedge funds been doing with TriQuint Semiconductor (NASDAQ:TQNT)?
At the end of the second quarter, a total of 12 of the hedge funds we track were long in this stock, a change of 50% from one quarter earlier. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their holdings significantly.
According to our 13F database, Starboard Value LP, managed by Jeffrey Smith, holds the most valuable position in TriQuint Semiconductor (NASDAQ:TQNT). Starboard Value LP has a $88.4 million position in the stock, comprising 6.2% of its 13F portfolio. The second largest stake is held by Fisher Asset Management, managed by Ken Fisher, which held a $44.6 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedgies with similar optimism include Chuck Royce’s Royce & Associates, Steve Shapiro’s Intrepid Capital Management Inc DE and Matthew Hulsizer’s PEAK6 Capital Management.
Consequently, particular hedge funds have jumped into TriQuint Semiconductor (NASDAQ:TQNT) headfirst. Starboard Value LP, managed by Jeffrey Smith, assembled the most valuable position in TriQuint Semiconductor (NASDAQ:TQNT). Starboard Value LP had 88.4 million invested in the company at the end of the quarter. Ken Fisher’s Fisher Asset Management also initiated a $44.6 million position during the quarter. The following funds were also among the new TQNT investors: Chuck Royce’s Royce & Associates, Steve Shapiro’s Intrepid Capital Management Inc DE, and Matthew Hulsizer’s PEAK6 Capital Management.
How have insiders been trading TriQuint Semiconductor (NASDAQ:TQNT)?
Insider buying is at its handiest when the company we’re looking at has seen transactions within the past six months. Over the last six-month time period, TriQuint Semiconductor (NASDAQ:TQNT) has experienced zero unique insiders buying, 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 TriQuint Semiconductor (NASDAQ:TQNT). These stocks are Diodes Incorporated (NASDAQ:DIOD), EZchip Semiconductor Ltd. (NASDAQ:EZCH), InvenSense Inc (NYSE:INVN), OmniVision Technologies, Inc. (NASDAQ:OVTI), and Cabot Microelectronics Corporation (NASDAQ:CCMP). This group of stocks belong to the semiconductor – integrated circuits industry and their market caps are closest to TQNT’s market cap.