CenterBook Partners LP Raises Position in PDF Solutions, Inc. (NASDAQ:PDFS)

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 position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 329.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,911 shares of the technology company's stock after acquiring an additional 89,718 shares during the quarter. CenterBook Partners LP owned approximately 0.30% of PDF Solutions worth $2,234,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Needham Investment Management LLC raised its stake in PDF Solutions by 3.3% in the fourth quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company's stock worth $49,218,000 after buying an additional 57,950 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PDF Solutions by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company's stock worth $24,652,000 after buying an additional 34,575 shares in the last quarter. Northern Trust Corp raised its stake in PDF Solutions by 8.8% in the fourth quarter. Northern Trust Corp now owns 405,286 shares of the technology company's stock worth $10,975,000 after buying an additional 32,890 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in PDF Solutions by 9.3% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 328,316 shares of the technology company's stock worth $6,274,000 after buying an additional 27,980 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in PDF Solutions by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 282,752 shares of the technology company's stock worth $5,403,000 after buying an additional 11,920 shares in the last quarter. 79.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PDFS. Wall Street Zen downgraded shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $31.00 target price on shares of PDF Solutions in a research note on Tuesday, August 5th. Finally, DA Davidson downgraded shares of PDF Solutions from a "strong-buy" rating to a "hold" rating and set a $24.00 price target for the company. in a research report on Friday.

PDF Solutions Stock Down 4.0%

Shares of PDFS traded down $0.80 on Monday, hitting $18.94. 336,471 shares of the stock traded hands, compared to its average volume of 248,890. The company has a market capitalization of $747.74 million, a PE ratio of 946.17 and a beta of 1.40. 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 business has a 50 day simple moving average of $21.71 and a 200 day simple moving average of $21.23. PDF Solutions, Inc. has a one year low of $15.91 and a one year high of $33.42.

Insider Buying and Selling at PDF Solutions

In other news, Director Michael B. Gustafson purchased 7,500 shares of PDF Solutions stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average price of $19.45 per share, with a total value of $145,875.00. Following the completion of the transaction, the director directly owned 30,074 shares of the company's stock, valued at approximately $584,939.30. The trade was a 33.22% increase in their ownership of the stock. The acquisition 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 company insiders.

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.