Acadian Asset Management LLC Buys 129,629 Shares of PDF Solutions, Inc. $PDFS

Key Points

• Acadian Asset Management LLC significantly increased its stake in PDF Solutions, Inc. by 328.7%, acquiring an additional 129,629 shares to own a total of 169,068 shares valued at approximately $3.22 million.
• Multiple institutional investors, including Signaturefd LLC and GAMMA Investing LLC, have also raised their stakes in PDF Solutions during the same quarter.
• PDF Solutions currently has a consensus rating of "Moderate Buy" with an average target price of $33.33, despite shares down 3.0% recently, trading at $19.38.

Acadian Asset Management LLC lifted its stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 328.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,068 shares of the technology company's stock after buying an additional 129,629 shares during the quarter. Acadian Asset Management LLC owned about 0.43% of PDF Solutions worth $3,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its stake in PDF Solutions by 124.1% during the 1st quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock valued at $27,000 after purchasing an additional 787 shares during the period. GAMMA Investing LLC raised its stake in PDF Solutions by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock valued at $35,000 after purchasing an additional 931 shares during the period. Significant Wealth Partners LLC raised its stake in PDF Solutions by 25.9% during the 1st quarter. Significant Wealth Partners LLC now owns 12,596 shares of the technology company's stock valued at $241,000 after purchasing an additional 2,590 shares during the period. ProShare Advisors LLC raised its stake in PDF Solutions by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 9,377 shares of the technology company's stock valued at $254,000 after purchasing an additional 2,887 shares during the period. Finally, Quantbot Technologies LP bought a new stake in PDF Solutions during the 1st quarter valued at approximately $255,000. Institutional investors own 79.51% of the company's stock.

Analysts Set New Price Targets

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

PDF Solutions Stock Down 3.0%

Shares of NASDAQ:PDFS opened at $19.38 on Monday. The business has a 50-day moving average price of $21.39 and a 200 day moving average price of $20.21. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $765.37 million, a price-to-earnings ratio of 969.48 and a beta of 1.51. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $33.42.

About PDF Solutions

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.

Want to see what other hedge funds are holding PDFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDF Solutions, Inc. (NASDAQ:PDFS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.