Acadian Asset Management LLC Raises Stock Holdings in 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 increased its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 328.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,068 shares of the technology company's stock after buying an additional 129,629 shares during the period. Acadian Asset Management LLC owned about 0.43% of PDF Solutions worth $3,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in PDF Solutions by 124.1% in 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 in the last quarter. GAMMA Investing LLC lifted its holdings in PDF Solutions by 100.8% in 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 in the last quarter. Significant Wealth Partners LLC lifted its holdings in PDF Solutions by 25.9% in 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 in the last quarter. ProShare Advisors LLC lifted its holdings in PDF Solutions by 44.5% in 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 in the last quarter. Finally, Quantbot Technologies LP purchased a new position in PDF Solutions in the 1st quarter valued at $255,000. Hedge funds and other institutional investors own 79.51% of the company's stock.

Analyst Upgrades and Downgrades

PDFS has been the topic of a number of research reports. DA Davidson upgraded PDF Solutions to a "hold" rating in a report on Monday, August 18th. Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $31.00 price objective on shares of PDF Solutions in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.33.

PDF Solutions Trading Up 0.8%

Shares of NASDAQ PDFS traded up $0.17 during trading on Friday, hitting $22.01. 585,360 shares of the company were exchanged, compared to its average volume of 263,128. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $33.42. 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 fifty day moving average price of $21.14 and a 200-day moving average price of $20.19. The firm has a market capitalization of $869.17 million, a PE ratio of 1,101.05 and a beta of 1.51.

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.