Falcon Point Capital LLC Cuts Position in PDF Solutions, Inc. (PDFS)
Falcon Point Capital LLC cut its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 671,770 shares of the technology company’s stock after selling 7,537 shares during the period. Falcon Point Capital LLC’s holdings in PDF Solutions were worth $11,051,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of PDF Solutions by 30.3% in the second quarter. Sei Investments Co. now owns 11,469 shares of the technology company’s stock worth $189,000 after buying an additional 2,669 shares during the period. Bank of America Corp DE raised its position 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 in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in PDF Solutions during the first quarter worth $222,000. Marshall Wace North America L.P. bought a new position in PDF Solutions during the first quarter worth $222,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in PDF Solutions during the first quarter worth $225,000. 77.55% of the stock is owned by hedge funds and other institutional investors.
PDF Solutions, Inc. (PDFS) opened at 15.51 on Friday. The stock has a 50 day moving average price of $17.33 and a 200-day moving average price of $19.57. The company has a market cap of $501.48 million, a price-to-earnings ratio of 91.78 and a beta of 1.49. PDF Solutions, Inc. has a 12-month low of $15.20 and a 12-month high of $24.44.
PDF Solutions (NASDAQ:PDFS) last posted 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 company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $26.58 million. PDF Solutions had a return on equity of 2.78% and a net margin of 5.29%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. On average, analysts predict that PDF Solutions, Inc. will post $0.44 EPS for the current fiscal year.
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PDFS has been the topic of a number of recent research reports. 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 report on Wednesday, July 12th. Northland Securities set a $22.00 target price on PDF Solutions and gave the company a “hold” rating in a report on Sunday, July 30th. BidaskClub upgraded PDF Solutions from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Finally, ValuEngine lowered PDF Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Three equities research 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. PDF Solutions currently has an average rating of “Hold” and a consensus price target of $23.33.
In related news, Director Lucio Lanza sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $16.50, for a total value of $495,000.00. Following the sale, the director now owns 350,623 shares in the company, valued at approximately $5,785,279.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 90,000 shares of company stock worth $1,534,800 in the last 90 days. 16.20% of the stock is currently owned by company insiders.
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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