Vitesse Semiconductor (NASDAQ:VTSS) was in 7 hedge funds’ portfolio at the end of March. VTSS shareholders have witnessed a decrease in activity from the world’s largest hedge funds of late. There were 8 hedge funds in our database with VTSS holdings at the end of the previous quarter.
At the moment, there are many metrics market participants can use to track their holdings. Some of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best fund managers can outpace their index-focused peers by a very impressive amount (see just how much).
Equally as important, positive insider trading activity is a second way to parse down the stock market universe. Just as you’d expect, there are a variety of reasons for an executive to sell shares of his or her company, but only one, very simple reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this strategy if piggybackers know where to look (learn more here).
Consequently, it’s important to take a peek at the recent action encompassing Vitesse Semiconductor (NASDAQ:VTSS).
What does the smart money think about Vitesse Semiconductor (NASDAQ:VTSS)?
In preparation for this quarter, a total of 7 of the hedge funds we track were bullish in this stock, a change of -13% from the previous quarter.
Due to the fact that Vitesse Semiconductor (NASDAQ:VTSS) has witnessed falling interest from the entirety of the hedge funds we track, we can see that there is a sect of hedge funds that elected to cut their positions entirely at the end of the first quarter. Interestingly, Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners dropped the biggest investment of the “upper crust” of funds we monitor, valued at close to $0.4 million in stock. These transactions are interesting, as aggregate hedge fund interest fell by 1 funds at the end of the first quarter.
Insider trading activity in Vitesse Semiconductor (NASDAQ:VTSS)
Insider trading activity, especially when it’s bullish, is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last six-month time frame, Vitesse Semiconductor (NASDAQ:VTSS) has experienced 7 unique insiders buying, and zero insider sales (see the details of insider trades here).
With the results exhibited by the aforementioned research, retail investors must always pay attention to hedge fund and insider trading activity, and Vitesse Semiconductor (NASDAQ:VTSS) shareholders fit into this picture quite nicely.