PDF Solutions, Inc. (PDFS) Shares Sold by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC reduced its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 15.5% during the first quarter, Holdings Channel reports. The fund owned 73,055 shares of the technology company’s stock after selling 13,401 shares during the period. TIAA CREF Investment Management LLC’s holdings in PDF Solutions were worth $1,653,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PDFS. State Street Corp boosted its position in PDF Solutions by 0.9% in the fourth quarter. State Street Corp now owns 468,229 shares of the technology company’s stock valued at $10,561,000 after buying an additional 4,023 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of PDF Solutions by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 43,488 shares of the technology company’s stock worth $981,000 after buying an additional 1,088 shares in the last quarter. Capital Impact Advisors LLC boosted its position in shares of PDF Solutions by 26.6% in the first quarter. Capital Impact Advisors LLC now owns 73,512 shares of the technology company’s stock worth $1,663,000 after buying an additional 15,443 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in shares of PDF Solutions during the first quarter worth $418,000. Finally, Wells Fargo & Company MN boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 77.55% of the company’s stock.
Shares of PDF Solutions, Inc. (PDFS) traded down 0.26% on Friday, hitting $15.58. The stock had a trading volume of 20,642 shares. The firm has a market cap of $503.75 million, a P/E ratio of 92.19 and a beta of 1.49. The company’s 50-day moving average price is $17.36 and its 200 day moving average price is $19.62. PDF Solutions, Inc. has a 12-month low of $15.20 and a 12-month high of $24.44.
PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The business had revenue of $24.30 million during the quarter, compared to analyst estimates of $26.58 million. PDF Solutions had a return on equity of 2.78% and a net margin of 5.29%. The company’s 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. On average, equities research analysts forecast that PDF Solutions, Inc. will post $0.44 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on PDFS. BidaskClub cut PDF Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine cut PDF Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Craig Hallum upgraded 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. Finally, Northland Securities cut PDF Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. PDF Solutions has an average rating of “Hold” and an average price target of $23.33.
In other news, Director Lucio Lanza sold 15,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $16.61, for a total transaction of $249,150.00. Following the sale, the director now directly owns 335,623 shares of the company’s stock, valued at $5,574,698.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 90,000 shares of company stock valued at $1,534,800. Insiders own 16.20% of the company’s stock.
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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