PDF Solutions, Inc. (NASDAQ:PDFS) Shares Bought by CenterBook Partners LP

Key Points

• CenterBook Partners LP significantly increased its holdings in PDF Solutions by 329.9%, acquiring an additional 89,718 shares, bringing its total to 116,911 shares worth approximately $2.23 million.
• Several institutional investors, including Needham Investment Management and Dimensional Fund Advisors, raised their stakes in PDF Solutions, indicating strong institutional interest in the stock.
• Analysts have mixed views on PDF Solutions, with DA Davidson upgrading it to a "strong-buy" while Wall Street Zen downgraded it from "buy" to "hold."

CenterBook Partners LP raised its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 329.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,911 shares of the technology company's stock after buying an additional 89,718 shares during the period. CenterBook Partners LP owned approximately 0.30% of PDF Solutions worth $2,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PDF Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,712 shares of the technology company's stock valued at $480,000 after buying an additional 642 shares during the period. Signaturefd LLC lifted its position in shares of PDF Solutions by 124.1% during the 1st quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock worth $27,000 after purchasing an additional 787 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of PDF Solutions by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after purchasing an additional 931 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of PDF Solutions by 6.6% during the 4th quarter. MetLife Investment Management LLC now owns 18,994 shares of the technology company's stock worth $514,000 after purchasing an additional 1,173 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of PDF Solutions by 13.2% during the 4th quarter. LPL Financial LLC now owns 10,101 shares of the technology company's stock worth $274,000 after purchasing an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

PDF Solutions Stock Down 11.0%

NASDAQ:PDFS traded down $2.45 during midday trading on Friday, hitting $19.73. 958,414 shares of the company were exchanged, compared to its average volume of 236,442. The company has a fifty day simple moving average of $21.71 and a 200 day simple moving average of $21.33. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $33.42. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $772.23 million, a PE ratio of 986.99 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. DA Davidson cut shares of PDF Solutions from a "strong-buy" rating to a "hold" rating and set a $24.00 price objective for the company. in a research report on Friday. Rosenblatt Securities reaffirmed a "buy" rating and set a $31.00 price objective on shares of PDF Solutions in a research report on Tuesday. Finally, Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

Insider Buying and Selling

In related news, Director Michael B. Gustafson purchased 7,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the purchase, the director directly owned 30,074 shares of the company's stock, valued at $584,939.30. The trade was a 33.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.09% of the stock is owned by corporate insiders.

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.