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5 Stocks Insiders Are Scooping Up

Stocks in this article: HLFJPMADNCHBANRFP

Audience

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One stock that key insiders are jumping into here is Audience ( ADNC), which is a provider of intelligent voice and audio solutions that improve voice quality and the user experience in mobile devices. Insiders are buying this stock into big time strength, since shares are up 44.6% so far in 2013.

This company recently forecasted earnings and revenue that were largely above Wall Street estimates, helped by strong demand from its biggest customer, Samsung, which uses its chips in its new Galaxy S4 smartphone. The company said it expects to earn between 15 cents and 19 cents per share on an adjusted basis on revenue of $43 million to $46 million in the second quarter.

>>5 Telco Stocks to Trade This Month

Audience has a market cap of $312 million and an enterprise value of $167 million. This stock trades at a premium valuation, with a trailing price-to-earnings of 23.07 and a forward price-to-earnings of 26.70. Its estimated growth rate for this year is -42%, and for next year it's pegged at 9.8%. This is a cash-rich company, since the total cash position on its balance sheet is $127.64 million and its total debt is just $5.29 million.

The CFO just bought 25,000 shares, or about $349,000 worth of stock, at $13.95 per share.

From a technical perspective, ADNC is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has just started to trend back above its 50-day and it's now quickly moving within range of triggering a major breakout trade.

If you're bullish on ADNC, then look for long-biased trades as long as this stock is trending above $14 or its 50-day at $14.61 and then once it breaks out back above some near-term overhead resistance levels at $15.90 to $16.45 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 208,185 shares. If that breakout triggers soon, then ADNC will set up to re-fill some of its previous gap down zone from last September that started near $20 a share.

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