Is Sunedison Semiconductor Ltd (SEMI) A Good Stock To Buy?

Consequently, key money managers were leading the bulls’ herd. Alpine Associates created the most valuable position in Sunedison Semiconductor Ltd (NASDAQ:SEMI). The other funds with new positions in the stock are Paul Glazer’s Glazer Capital, and Nancy Havens-Hasty’s Havens Advisors.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Sunedison Semiconductor Ltd (NASDAQ:SEMI) but similarly valued. We will take a look at MYR Group Inc (NASDAQ:MYRG), El Pollo LoCo Holdings Inc (NASDAQ:LOCO), WMIH Corp (OTCMKTS:WMIH), and Lion Biotechnologies Inc (NASDAQ:LBIO). This group of stocks’ market caps are similar to SEMI’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MYRG 16 47746 3
LOCO 8 13791 -3
WMIH 30 118517 1
LBIO 19 162742 2

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $86 million. That figure was $151 million in SEMI’s case. WMIH Corp (OTCMKTS:WMIH) is the most popular stock in this table. On the other hand El Pollo LoCo Holdings Inc (NASDAQ:LOCO) is the least popular one with only 8 bullish hedge fund positions. Sunedison Semiconductor Ltd (NASDAQ:SEMI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard WMIH might be a better candidate to consider taking a long position in.

Disclosure: None