Hedge Funds Are Buying PDF Solutions, Inc. (PDFS)

As one would reasonably expect, key hedge funds have jumped into PDF Solutions, Inc. (NASDAQ:PDFS) headfirst. Citadel Investment Group, managed by Ken Griffin, established a position in PDF Solutions, Inc. (NASDAQ:PDFS). Citadel Investment Group had $0.5 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also made an $0.3 million investment in the stock during the quarter. The following funds were also among the new PDFS investors: Glenn Russell Dubin’s Highbridge Capital Management, D. E. Shaw’s D E Shaw, and Jacob Gottlieb’s Visium Asset Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as PDF Solutions, Inc. (NASDAQ:PDFS) but similarly valued. These stocks are Immersion Corporation (NASDAQ:IMMR), Las Vegas Sands Corp. (NYSE:SAND), Landec Corporation (NASDAQ:LNDC), and Stage Stores Inc (NYSE:SSI). All of these stocks’ market caps are closest to PDFS’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $58 million. That figure was $56 million in PDFS’s case. Immersion Corporation (NASDAQ:IMMR) is the most popular stock in this table. On the other hand Las Vegas Sands Corp. (NYSE:SAND) is the least popular one with only 8 bullish hedge fund positions. PDF Solutions, Inc. (NASDAQ:PDFS) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard IMMR might be a better candidate to consider a long position.