Is Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) a good investment?
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Thus, let’s discuss the newest info about Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD).
How have hedgies been trading Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD)?
In preparation for the third quarter, a total of 12 of the hedge funds we track were bullish in this stock, a change of -20% from one quarter earlier. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were upping their stakes significantly.
When using filings from the hedgies we track, George Soros’s Soros Fund Management had the biggest position in Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD), worth close to $49.9 million, comprising 0.5% of its total 13F portfolio. On Soros Fund Management’s heels is PEAK6 Capital Management, managed by Matthew Hulsizer, which held a $22.9 million call position; 0.1% of its 13F portfolio is allocated to the stock. Other hedgies that are bullish include Eric Mindich’s Eton Park Capital, Matthew Halbower’s Pentwater Capital Management and Christopher Zepf and Brian Thonn’s Kingdom Ridge Capital.
As Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) has experienced dropping sentiment from upper-tier hedge fund managers, it’s safe to say that there exists a select few money managers that slashed their full holdings heading into Q2. At the top of the heap, Josh Resnick’s Jericho Capital Asset Management dumped the largest position of the “upper crust” of funds we track, comprising close to $11.9 million in stock. Charles Clough’s fund, Clough Capital Partners, also sold off its stock, about $6.6 million worth. These transactions are interesting, as aggregate hedge fund interest was cut by 3 funds heading into Q2.
What have insiders been doing with Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD)?
Bullish insider trading is at its handiest when the company we’re looking at has experienced transactions within the past 180 days. Over the last half-year time period, Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD). These stocks are Advanced Micro Devices, Inc. (NYSE:AMD), Cypress Semiconductor Corporation (NASDAQ:CY), M/A-COM Technology Solutions Holdings (NASDAQ:MTSI), Intersil Corp (NASDAQ:ISIL), and Integrated Device Technology, Inc. (NASDAQ:IDTI). This group of stocks are in the semiconductor – broad line industry and their market caps match SPRD’s market cap.