The Insiders Fund

Kishore Seendripu, Chairman, President, CEO & 10% Owner of Maxlinear Inc (MXL), bought 108,303 shares at $12.94 for a total of $1,401,592. Opinion: According to Post on the Fly Benchmark analyst David Williams lowered the firm's price target on MaxLinear to $22 from $28 and keeps a Buy rating on the shares. The company "extended its track record of disappointment once again this quarter" as the anticipated revenue trough in Q1 failed to materialize and is now nowhere in sight, says the analyst, who expresses renewed concern in execution as visibility challenges "continue to plague the firm." However, the firm keeps its Buy rating as after enduring a 72% revenue decline, Benchmark believes "the worst is over, and growth will return as new product ramps begin to meaningfully contribute," the analyst added. $STOCK $MXL https://lnkd.in/geqYsgmK

Justin L Jude, President & CEO of LKQ Corp (LKQ), bought 2,500 shares at $39.91 for a total of $99,764. SVP & CFO Rick Galloway bought 2,500 shares at $39.88 for a total of $99,700. SVP & General Counsel Matthew J McKay bought 2,500 shares at $39.75 for a total of $99,375. Director Andrew C Clarke bought 7,600 shares at $39.70 for a total of $301,713. $STOCK $LKQ https://lnkd.in/geqYsgmK

Paul A Jacobson, Executive VP & CFO of General Motors Co (GM), bought 25,000 shares at $44.11 for a total of $1,102,750. Opinion: High interest rates and EV sales have hurt GM. Perhaps this is a sign of better things to come. I'd like to see more insiders share that view though before I put my foot down on the pedal. $STOCK $GM https://lnkd.in/geqYsgmK

Robert A Niblock, Director of Lamb Weston Holdings Inc. (LW), bought 5,000 shares at $55.50 for a total of $277,476. Director William G Jurgensen bought 10,000 shares at $55.43 for a total of $554,291. Opinion: French fries bombed last quarter. The company blamed weak global traffic patterns and inflation for a disastrous quarter. A few insiders bought shares and this might be an opportunity. French fries are here to stay. $STOCK $LW https://lnkd.in/geqYsgmK

John H Stone, President & CEO of Allegion plc (ALLE), bought 5,000 shares at $134.99 for a total of $674,925. Opinion: Allegion requires directors to own three times their compensation in stock. Mr. Stone has that and more covered. Perhaps he thinks the lock replacement cycle has legs with smart locks and all. $STOCK $ALLE https://lnkd.in/geqYsgmK

Market activity is picking up a little more than what it's been doing for the past couple of weeks. However, many people feel that the market is ripe for a crash. Is this anything like the crash in 1987, though? Check out the Insider Buying Report for the week of 08-02-24 for valuable insights.

Liberty 77 Capital L.P. / Liberty 77 Fund International L.P. / STM Partners LLC / Steven T Mnuchin, 10% Owner of Lionsgate Entertainment Corp (LFG), bought 149,682 shares at $8.53 for a total of $1,276,323. Opinion: I still say Mnuchin is going to swallow this also ran the movie company lock, stock, and barrel. For reasons mostly related to emotions and egos, wealthy people want to dab in the movie business. I wouldn't buy it but since he is going to what's wrong with a little front-running? After all, that's all an investor can do is simulate the future. $STOCK $LGF https://lnkd.in/grzAQpdH

Roger D Carlile, Director of Resources Connection Inc. (RGP), bought 25,000 shares at $11.25 for a total of $281,250. Opinion: These are boring companies with limited margin expansion opportunities. It's a body count game at the end of the day, slave to the billable hour. $STOCK $RGP https://lnkd.in/grzAQpdH

John W Childs, Director of Biohaven Ltd. (BHVN), bought 28,400 shares at $35.67 for a total of $1,012,983. Opinion: An upgrade from Morgan Stanley with a large vote of confidence from Director Childs seems to put the kibosh on the current negative sentiment with Biohaven. I think I might buy more on this one, unfortunately I sold covered calls on the current position. This reminds me over and over why I hate selling covered calls for anything other than short-term gains. Stocks are meant for large potential gains, and covered calls turn them into more bond-like instruments with limited upside. Search on our blog posts for Biohaven. This has been one of the most interesting cases of insider buying scoring very big. There is a similar situation with Inhibrx, Inc. (INBX). We blogged about this name here. $STOCK $BHVN https://lnkd.in/grzAQpdH

William R Johnson, Director of United Parcel Service Inc (UPS), bought 5,000 shares at $128.61 for a total of $643,035. Opinion: I have no idea what is going to reverse the UPS swoon. Amazon is building an entire transportation logistic business that chips away as more and more vendors decide to sell through Amazon and adapt them for their logistics. Maybe UPS will wind up like a co-op transportation alternative system to Amazon. God, I'd hate to have to figure out how to counteract the Amazon juggernaut. Might as well sell out to them if Trump gets to be President. Never happen though with the current regulatory Government antitrust crowd. $STOCK $UPS https://lnkd.in/grzAQpdH