State Street Corp increased its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,266 shares of the technology company’s stock after purchasing an additional 38,359 shares during the quarter. State Street Corp owned approximately 1.60% of PDF Solutions worth $8,527,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Divisar Capital Management LLC boosted its stake in shares of PDF Solutions by 97.9% in the 2nd quarter. Divisar Capital Management LLC now owns 821,968 shares of the technology company’s stock valued at $13,521,000 after purchasing an additional 406,621 shares during the last quarter. PDT Partners LLC boosted its stake in PDF Solutions by 10.6% during the second quarter. PDT Partners LLC now owns 52,432 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,032 shares in the last quarter. Voya Investment Management LLC boosted its stake 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 worth $258,000 after acquiring an additional 1,557 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PDF Solutions by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,283,017 shares of the technology company’s stock worth $21,106,000 after acquiring an additional 62,264 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in PDF Solutions during the second quarter worth $1,812,000. Institutional investors and hedge funds own 86.40% of the company’s stock.
Shares of PDF Solutions, Inc. (NASDAQ PDFS) opened at $16.29 on Friday. The company has a market cap of $504.45, a PE ratio of 112.79, a PEG ratio of 24.67 and a beta of 1.47. PDF Solutions, Inc. has a 1-year low of $14.11 and a 1-year high of $24.44.
PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). PDF Solutions had a net margin of 4.08% and a return on equity of 2.10%. The firm had revenue of $26.50 million during the quarter, compared to analysts’ expectations of $26.67 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. analysts expect that PDF Solutions, Inc. will post 0.04 earnings per share for the current fiscal year.
Several research analysts recently issued reports on PDFS shares. Northland Securities raised shares of PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of PDF Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, November 25th. Two 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. PDF Solutions presently has an average rating of “Hold” and a consensus 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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