Nuveen LLC Makes New $2.63 Million Investment in PDF Solutions, Inc. $PDFS

Key Points

• Nuveen LLC acquired a total of 137,505 shares in PDF Solutions, Inc., valued at approximately $2.6 million, representing a 0.35% ownership stake.
• Several other institutional investors, including Wells Fargo and Dimensional Fund Advisors, have increased their positions in PDF Solutions during the fourth quarter.
• Research analysts have mixed views on PDF Solutions, with a consensus rating of "Moderate Buy" and a target price of $33.33, while recent reports show varying ratings from different firms.

Nuveen LLC bought a new position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 137,505 shares of the technology company's stock, valued at approximately $2,628,000. Nuveen LLC owned approximately 0.35% of PDF Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PDFS. Signaturefd LLC boosted its stake in PDF Solutions by 124.1% in the first quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock worth $27,000 after buying an additional 787 shares in the last quarter. GAMMA Investing LLC boosted its stake in PDF Solutions by 100.8% in the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after buying an additional 931 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in PDF Solutions in the fourth quarter worth approximately $136,000. Significant Wealth Partners LLC boosted its stake in PDF Solutions by 25.9% in the first quarter. Significant Wealth Partners LLC now owns 12,596 shares of the technology company's stock worth $241,000 after buying an additional 2,590 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in PDF Solutions by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 9,377 shares of the technology company's stock worth $254,000 after buying an additional 2,887 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

PDF Solutions Trading Up 2.5%

Shares of PDF Solutions stock traded up $0.49 during midday trading on Friday, reaching $20.45. 337,680 shares of the company's stock traded hands, compared to its average volume of 332,677. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37. The company has a market cap of $807.57 million, a PE ratio of 1,023.01 and a beta of 1.40. The stock has a 50 day moving average of $21.76 and a 200-day moving average of $20.42. PDF Solutions, Inc. has a 12 month low of $15.91 and a 12 month high of $33.42.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PDFS. Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson raised PDF Solutions to a "hold" rating in a research note on Monday, August 18th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $31.00 price objective on shares of PDF Solutions in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, PDF Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

PDF Solutions Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.