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Here is What Hedge Funds Think About IXYS Corporation (IXYS)

We already know that not all hedge funds are bullish on IXYS Corporation (NASDAQ:IXYS) and some hedge funds actually got rid of their positions entirely. Intriguingly, Michael Murphy and Daniel Donoghue’s Discovery Group got rid of the largest stake of all the investors watched by Insider Monkey, comprising about $5.2 million in stock, and Joel Greenblatt’s Gotham Asset Management was right behind this move, as the fund dropped about $0.1 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to IXYS Corporation (NASDAQ:IXYS). We will take a look at Tesco Corporation (USA) (NASDAQ:TESO), PennyMac Financial Services Inc (NYSE:PFSI), AV Homes Inc (NASDAQ:AVHI), and Steel Partners Holdings LP (NYSE:SPLP). This group of stocks’ market values are closest to IXYS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TESO 7 41070 -4
PFSI 13 110773 1
AVHI 3 23481 -1
SPLP 7 33237 0

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $52 million. That figure was $38 million in IXYS’s case. PennyMac Financial Services Inc (NYSE:PFSI) is the most popular stock in this table. On the other hand AV Homes Inc (NASDAQ:AVHI) is the least popular one with only 3 bullish hedge fund positions. IXYS Corporation (NASDAQ:IXYS) 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 PFSI might be a better candidate to consider taking a long position in.

Disclosure: none.