Parametric Portfolio Associates LLC Reduces Stake in PDF Solutions, Inc. (PDFS)
Parametric Portfolio Associates LLC cut its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 7.0% during the first quarter, Holdings Channel reports. The fund owned 247,260 shares of the technology company’s stock after selling 18,707 shares during the period. Parametric Portfolio Associates LLC’s holdings in PDF Solutions were worth $5,593,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PDFS. Sei Investments Co. raised its position in PDF Solutions by 4.4% in the first quarter. Sei Investments Co. now owns 8,800 shares of the technology company’s stock worth $199,000 after buying an additional 372 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in PDF Solutions during the first quarter worth about $418,000. TD Asset Management Inc. raised its position in PDF Solutions by 7.4% in the first quarter. TD Asset Management Inc. now owns 33,500 shares of the technology company’s stock worth $758,000 after buying an additional 2,300 shares during the last quarter. ARS Investment Partners LLC purchased a new position in PDF Solutions during the fourth quarter worth about $859,000. Finally, Wells Fargo & Company MN raised its position in PDF Solutions by 8.6% in the first quarter. Wells Fargo & Company MN now owns 41,795 shares of the technology company’s stock worth $945,000 after buying an additional 3,325 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.
PDF Solutions, Inc. (NASDAQ:PDFS) opened at 16.69 on Tuesday. The company has a 50-day moving average of $16.91 and a 200-day moving average of $21.03. The firm has a market capitalization of $536.45 million, a price-to-earnings ratio of 72.88 and a beta of 1.53. PDF Solutions, Inc. has a 1-year low of $13.18 and a 1-year high of $24.44.
PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.12. PDF Solutions had a net margin of 7.07% and a return on equity of 4.31%. The company had revenue of $24.30 million during the quarter, compared to analyst estimates of $27.03 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. PDF Solutions’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts predict that PDF Solutions, Inc. will post $0.58 earnings per share for the current year.
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A number of research analysts recently issued reports on PDFS shares. Northland Securities lowered shares of PDF Solutions from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. ValuEngine lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.67.
In other PDF Solutions news, Director Lucio Lanza sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $16.50, for a total value of $495,000.00. Following the transaction, the director now directly owns 350,623 shares in the company, valued at $5,785,279.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 90,000 shares of company stock worth $1,534,800. Corporate insiders own 16.20% of the company’s stock.
PDF Solutions Company 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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