Should LG Display Co Ltd. (ADR) (NYSE:LPL) investors track the following data?
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Just as key, positive insider trading sentiment is another way to look at the stock market universe. Obviously, there are a number of stimuli for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Several academic studies have demonstrated the impressive potential of this tactic if shareholders know where to look (learn more here).
Thus, we’re going to study the latest info surrounding LG Display Co Ltd. (ADR) (NYSE:LPL).
Hedge fund activity in LG Display Co Ltd. (ADR) (NYSE:LPL)
Heading into Q3, a total of 8 of the hedge funds we track held long positions in this stock, a change of 0% from the first quarter. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were boosting their stakes considerably.
Judging by the fact that LG Display Co Ltd. (ADR) (NYSE:LPL) has experienced a fall in interest from the entirety of the hedge funds we track, it’s easy to see that there exists a select few money managers who were dropping their positions entirely heading into Q2. Intriguingly, Israel Englander’s Millennium Management dropped the largest investment of all the hedgies we key on, worth about $1.2 million in stock. Rob Citrone’s fund, Discovery Capital Management, also cut its stock, about $0.2 million worth. These transactions are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
Insider trading activity in LG Display Co Ltd. (ADR) (NYSE:LPL)
Insider buying made by high-level executives is best served when the primary stock in question has seen transactions within the past six months. Over the last half-year time period, LG Display Co Ltd. (ADR) (NYSE:LPL) has seen 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 LG Display Co Ltd. (ADR) (NYSE:LPL). These stocks are Molex Incorporated (NASDAQ:MOLX), Corning Incorporated (NYSE:GLW), TE Connectivity Ltd. (NYSE:TEL), Kyocera Corporation (ADR) (NYSE:KYO), and Amphenol Corporation (NYSE:APH). This group of stocks are the members of the diversified electronics industry and their market caps are closest to LPL’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Molex Incorporated (NASDAQ:MOLX) | 12 | 0 | 0 |
| Corning Incorporated (NYSE:GLW) | 43 | 0 | 0 |
| TE Connectivity Ltd. (NYSE:TEL) | 24 | 0 | 0 |
| Kyocera Corporation (ADR) (NYSE:KYO) | 1 | 0 | 0 |
| Amphenol Corporation (NYSE:APH) | 21 | 0 | 0 |
Using the results demonstrated by Insider Monkey’s tactics, regular investors must always track hedge fund and insider trading sentiment, and LG Display Co Ltd. (ADR) (NYSE:LPL) applies perfectly to this mantra.
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