New York State Common Retirement Fund Increases Holdings in PDF Solutions, Inc. (PDFS)
New York State Common Retirement Fund raised its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 85.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,014 shares of the technology company’s stock after purchasing an additional 35,062 shares during the period. New York State Common Retirement Fund owned 0.24% of PDF Solutions worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. bought a new position in PDF Solutions during the second quarter valued at $178,000. Sei Investments Co. grew its holdings in PDF Solutions by 30.3% during the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,669 shares during the period. Voya Investment Management LLC grew its holdings in PDF Solutions by 11.0% during the second quarter. Voya Investment Management LLC now owns 15,684 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,557 shares during the period. Mesirow Financial Investment Management Inc. bought a new position in PDF Solutions during the second quarter valued at $297,000. Finally, M&T Bank Corp grew its holdings in PDF Solutions by 10.4% during the second quarter. M&T Bank Corp now owns 20,736 shares of the technology company’s stock valued at $341,000 after purchasing an additional 1,959 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.
PDF Solutions, Inc. (PDFS) opened at $16.51 on Thursday. PDF Solutions, Inc. has a twelve month low of $14.11 and a twelve month high of $23.93. The company has a market capitalization of $501.58, a price-to-earnings ratio of 117.93, a PEG ratio of 6.13 and a beta of 1.48.
PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). PDF Solutions had a return on equity of 2.10% and a net margin of 4.08%. The company had revenue of $26.50 million during the quarter, compared to the consensus estimate of $26.67 million. During the same period in the previous year, the business earned $0.17 earnings per share. PDF Solutions’s revenue was down 2.9% on a year-over-year basis. equities analysts predict that PDF Solutions, Inc. will post 0.04 EPS for the current fiscal year.
PDFS has been the subject of a number of analyst reports. ValuEngine raised PDF Solutions from a “sell” rating to a “hold” rating in a report on Saturday, November 25th. Northland Securities raised PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Tuesday, October 3rd. Zacks Investment Research raised PDF Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub lowered PDF Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.00.
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About PDF Solutions
PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.
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