Thomson Horstmann & Bryant Inc. lowered its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 424,950 shares of the technology company’s stock after selling 23,688 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 1.32% of PDF Solutions worth $6,990,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Aperio Group LLC bought a new position in shares of PDF Solutions during the second quarter valued at approximately $259,000. Brighton Jones LLC acquired a new stake in PDF Solutions during the first quarter worth about $242,000. Divisar Capital Management LLC boosted its stake in PDF Solutions by 24.4% in the first quarter. Divisar Capital Management LLC now owns 415,347 shares of the technology company’s stock worth $9,395,000 after buying an additional 81,399 shares during the last quarter. Bank of America Corp DE boosted its stake in PDF Solutions by 9.8% in the first quarter. Bank of America Corp DE now owns 9,373 shares of the technology company’s stock worth $212,000 after buying an additional 833 shares during the last quarter. Finally, PEAK6 Investments L.P. raised its position in shares of PDF Solutions by 47.3% in the first quarter. PEAK6 Investments L.P. now owns 17,325 shares of the technology company’s stock worth $392,000 after buying an additional 5,561 shares during the period. 77.97% of the stock is owned by hedge funds and other institutional investors.
Shares of PDF Solutions, Inc. (NASDAQ PDFS) traded up 0.33% during trading on Friday, hitting $15.14. The stock had a trading volume of 340,826 shares. PDF Solutions, Inc. has a 1-year low of $14.73 and a 1-year high of $24.44. The firm’s 50 day moving average is $17.10 and its 200 day moving average is $19.30. The company has a market cap of $489.52 million, a PE ratio of 89.59 and a beta of 1.49.
PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $26.58 million. PDF Solutions had a net margin of 5.29% and a return on equity of 2.78%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities research analysts anticipate that PDF Solutions, Inc. will post $0.44 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on the company. Craig Hallum upgraded PDF Solutions from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub lowered PDF Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Northland Securities set a $22.00 price objective on PDF Solutions and gave the stock a “hold” rating in a research note on Sunday, July 30th. Finally, ValuEngine lowered PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.33.
In related news, Director Lucio Lanza sold 45,000 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $17.57, for a total value of $790,650.00. Following the transaction, the director now owns 423,967 shares of the company’s stock, valued at $7,449,100.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.20% of the stock is owned by corporate insiders.
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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