California Public Employees Retirement System Sells 2,400 Shares of PDF Solutions Inc. (PDFS)
California Public Employees Retirement System cut its position in PDF Solutions Inc. (NASDAQ:PDFS) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 74,900 shares of the company’s stock after selling 2,400 shares during the period. California Public Employees Retirement System owned approximately 0.24% of PDF Solutions worth $1,048,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in PDF Solutions during the second quarter worth approximately $10,823,000. Falcon Point Capital LLC boosted its stake in PDF Solutions by 4.8% in the second quarter. Falcon Point Capital LLC now owns 745,381 shares of the company’s stock worth $10,428,000 after buying an additional 33,828 shares during the last quarter. Royce & Associates LP boosted its stake in PDF Solutions by 34.6% in the first quarter. Royce & Associates LP now owns 616,200 shares of the company’s stock worth $8,245,000 after buying an additional 158,500 shares during the last quarter. Palisade Capital Management LLC NJ boosted its stake in PDF Solutions by 29.6% in the second quarter. Palisade Capital Management LLC NJ now owns 215,250 shares of the company’s stock worth $3,011,000 after buying an additional 49,200 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in PDF Solutions during the first quarter worth approximately $1,313,000. Institutional investors and hedge funds own 73.46% of the company’s stock.
Shares of PDF Solutions Inc. (NASDAQ:PDFS) traded down 0.028% on Monday, reaching $18.005. 10,534 shares of the company were exchanged. The stock has a market capitalization of $564.29 million, a price-to-earnings ratio of 66.933 and a beta of 1.58. PDF Solutions Inc. has a 52 week low of $8.70 and a 52 week high of $18.63. The firm’s 50 day moving average price is $17.19 and its 200 day moving average price is $15.14.
PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. PDF Solutions had a net margin of 8.59% and a return on equity of 5.94%. The business earned $26.70 million during the quarter, compared to the consensus estimate of $25.66 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts anticipate that PDF Solutions Inc. will post $0.68 EPS for the current year.
A number of equities research analysts have recently commented on PDFS shares. Zacks Investment Research upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, June 30th. DA Davidson increased their price target on shares of PDF Solutions from $20.00 to $30.00 and gave the company a “buy” rating in a report on Thursday. Finally, Craig Hallum cut shares of PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a report on Friday, July 29th.
In other news, CFO Gregory C. Walker sold 2,382 shares of PDF Solutions stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $40,494.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Cornelis Hartgring sold 15,631 shares of PDF Solutions stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $16.66, for a total transaction of $260,412.46. The disclosure for this sale can be found here. 16.20% of the stock is currently owned by 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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