In the 21st century investor’s toolkit, there are dozens of gauges investors can use to watch publicly traded companies. Two of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best investment managers can beat the broader indices by a significant amount (see just how much).
Equally as crucial, positive insider trading sentiment is another way to analyze the stock market universe. As the old adage goes: there are a number of incentives for an insider to sell shares of his or her company, but only one, very clear reason why they would buy. Several academic studies have demonstrated the valuable potential of this method if piggybackers know what to do (learn more here).
Furthermore, let’s analyze the latest info for Advanced Semiconductor Engineering (ADR) (NYSE:ASX).
How are hedge funds trading Advanced Semiconductor Engineering (ADR) (NYSE:ASX)?
Heading into Q3, a total of 9 of the hedge funds we track were long in this stock, a change of 29% from the first quarter. With hedge funds’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their holdings meaningfully.
Out of the hedge funds we follow, Ken Fisher’s Fisher Asset Management had the most valuable position in Advanced Semiconductor Engineering (ADR) (NYSE:ASX), worth close to $26.3 million, accounting for 0.1% of its total 13F portfolio. The second largest stake is held by Renaissance Technologies, managed by Jim Simons, which held a $2.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers that hold long positions include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Israel Englander’s Millennium Management and Ken Griffin’s Citadel Investment Group.
As aggregate interest spiked, particular hedge funds were breaking ground themselves. Fisher Asset Management, managed by Ken Fisher, created the most outsized position in Advanced Semiconductor Engineering (ADR) (NYSE:ASX). Fisher Asset Management had 26.3 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $2.4 million investment in the stock during the quarter. The following funds were also among the new ASX investors: Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Israel Englander’s Millennium Management, and Ken Griffin’s Citadel Investment Group.
What have insiders been doing with Advanced Semiconductor Engineering (ADR) (NYSE:ASX)?
Insider buying made by high-level executives is most useful when the primary stock in question has experienced transactions within the past half-year. Over the last six-month time frame, Advanced Semiconductor Engineering (ADR) (NYSE:ASX) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Advanced Semiconductor Engineering (ADR) (NYSE:ASX). These stocks are KLA-Tencor Corporation (NASDAQ:KLAC), United Microelectronics Corp (ADR) (NYSE:UMC), Synopsys, Inc. (NASDAQ:SNPS), Lam Research Corporation (NASDAQ:LRCX), and Cree, Inc. (NASDAQ:CREE). All of these stocks are in the semiconductor equipment & materials industry and their market caps are closest to ASX’s market cap.
