International Rectifier Corporation (NYSE:IRF) has seen a decrease in enthusiasm from smart money lately.
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Now, let’s take a peek at the latest action regarding International Rectifier Corporation (NYSE:IRF).
How have hedgies been trading International Rectifier Corporation (NYSE:IRF)?
At the end of the first quarter, a total of 6 of the hedge funds we track held long positions in this stock, a change of -14% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their stakes significantly.
Judging by the fact that International Rectifier Corporation (NYSE:IRF) has experienced falling interest from the aggregate hedge fund industry, we can see that there was a specific group of hedgies that slashed their positions entirely heading into Q2. At the top of the heap, Jeffrey Smith’s Starboard Value LP cut the biggest position of the 450+ funds we watch, totaling close to $8.4 million in stock.. Mike Vranos’s fund, Ellington, also cut its stock, about $0.9 million worth. These bearish behaviors are interesting, as total hedge fund interest dropped by 1 funds heading into Q2.
Insider trading activity in International Rectifier Corporation (NYSE:IRF)
Insider trading activity, especially when it’s bullish, is best served when the company in question has experienced transactions within the past six months. Over the last six-month time frame, International Rectifier Corporation (NYSE:IRF) has experienced 1 unique insiders purchasing, and 5 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to International Rectifier Corporation (NYSE:IRF). These stocks are Fairchild Semiconductor Intl Inc (NYSE:FCS), Power Integrations Inc (NASDAQ:POWI), PMC-Sierra Inc (NASDAQ:PMCS), and RF Micro Devices, Inc. (NASDAQ:RFMD). This group of stocks belong to the semiconductor – integrated circuits industry and their market caps are closest to IRF’s market cap.
