PDF Solutions, Inc. (PDFS) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. decreased its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 22.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,919 shares of the technology company’s stock after selling 10,616 shares during the period. Goldman Sachs Group Inc.’s holdings in PDF Solutions were worth $813,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC raised its position in PDF Solutions by 6.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,627,953 shares of the technology company’s stock valued at $36,824,000 after buying an additional 96,964 shares in the last quarter. American International Group Inc. raised its position in PDF Solutions by 7.1% in the first quarter. American International Group Inc. now owns 16,643 shares of the technology company’s stock valued at $376,000 after buying an additional 1,099 shares in the last quarter. Victory Capital Management Inc. raised its position in PDF Solutions by 20.6% in the first quarter. Victory Capital Management Inc. now owns 11,137 shares of the technology company’s stock valued at $252,000 after buying an additional 1,902 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in PDF Solutions during the first quarter valued at approximately $225,000. Finally, Cowen Prime Services LLC raised its position in PDF Solutions by 3.3% in the first quarter. Cowen Prime Services LLC now owns 1,059,955 shares of the technology company’s stock valued at $23,976,000 after buying an additional 33,600 shares in the last quarter. Institutional investors and hedge funds own 77.97% of the company’s stock.
PDF Solutions, Inc. (NASDAQ PDFS) traded down 1.61% on Tuesday, hitting $15.28. The stock had a trading volume of 35,966 shares. PDF Solutions, Inc. has a one year low of $15.14 and a one year high of $24.44. The firm has a market cap of $494.05 million, a price-to-earnings ratio of 90.41 and a beta of 1.49. The company’s 50-day moving average price is $17.29 and its 200 day moving average price is $19.47.
PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The business had revenue of $24.30 million during 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 business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Analysts expect that PDF Solutions, Inc. will post $0.44 earnings per share for the current year.
Several research firms have recently commented on PDFS. Northland Securities lowered PDF Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. Craig Hallum lowered PDF Solutions from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $18.00 in a research report on Friday, July 28th. BidaskClub upgraded PDF Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, ValuEngine lowered PDF Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Three 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 company. PDF Solutions currently has a consensus rating of “Hold” and an average target price of $23.33.
In other news, Director Lucio Lanza sold 45,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $17.57, for a total transaction of $790,650.00. Following the completion of the sale, the director now directly owns 423,967 shares in the company, valued at approximately $7,449,100.19. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have 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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