PDF Solutions, Inc. (PDFS) Stake Boosted by PDT Partners LLC
PDT Partners LLC lifted its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,432 shares of the technology company’s stock after purchasing an additional 5,032 shares during the quarter. PDT Partners LLC owned 0.16% of PDF Solutions worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Asset Management Americas Inc. purchased a new position in shares of PDF Solutions in the 2nd quarter worth about $178,000. Sei Investments Co. raised its position in shares of PDF Solutions by 30.3% in the 2nd quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,669 shares during the last quarter. Bank of America Corp DE raised its position in shares of PDF Solutions by 9.8% in the 1st quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock worth $212,000 after purchasing an additional 833 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of PDF Solutions in the 1st quarter worth about $222,000. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of PDF Solutions in the 1st quarter worth about $222,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Lucio Lanza sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $15.00, for a total transaction of $900,000.00. Following the sale, the director now owns 318,967 shares of the company’s stock, valued at $4,784,505. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.20% of the stock is owned by company insiders.
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PDF Solutions, Inc. (PDFS) opened at 15.99 on Friday. The stock has a 50 day moving average price of $15.12 and a 200 day moving average price of $17.61. The stock has a market cap of $517.00 million, a price-to-earnings ratio of 94.62 and a beta of 1.40. PDF Solutions, Inc. has a 52-week low of $14.11 and a 52-week high of $24.44.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. PDF Solutions had a return on equity of 2.78% and a net margin of 5.29%. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $26.58 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. Analysts expect that PDF Solutions, Inc. will post $0.43 EPS for the current fiscal year.
Several research firms have recently issued reports on PDFS. Craig Hallum raised PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, July 12th. 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 research report on Tuesday. BidaskClub lowered PDF Solutions from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised PDF Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.33.
PDF Solutions Profile
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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