Connor Clark & Lunn Investment Management Ltd. Purchases 101,587 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in PDF Solutions, Inc. by 68.4% during the first quarter, acquiring an additional 101,587 shares for a total of 250,159 shares worth $4,781,000.
• Several institutional investors, including Signaturefd LLC and GAMMA Investing LLC, significantly increased their positions in PDF Solutions, highlighting growing interest among hedge funds.
• PDF Solutions stock price increased by 7.0%, with shares trading at $20.30 and a market capitalization of approximately $801.65 million.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 68.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,159 shares of the technology company's stock after purchasing an additional 101,587 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.64% of PDF Solutions worth $4,781,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings 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 acquiring an additional 787 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 931 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in PDF Solutions during the 4th quarter valued at $136,000. ProShare Advisors LLC raised its holdings 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 buying an additional 2,887 shares during the period. Finally, LPL Financial LLC raised its holdings in PDF Solutions by 13.2% during the 4th quarter. LPL Financial LLC now owns 10,101 shares of the technology company's stock valued at $274,000 after buying an additional 1,175 shares during the period. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Trading Up 1.3%

PDF Solutions stock traded up $0.25 during mid-day trading on Friday, hitting $19.35. The company's stock had a trading volume of 271,216 shares, compared to its average volume of 298,168. PDF Solutions, Inc. has a one year low of $15.91 and a one year 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 50 day moving average of $21.79 and a 200-day moving average of $21.02. The stock has a market cap of $764.13 million, a PE ratio of 967.98 and a beta of 1.40.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PDFS. DA Davidson lowered PDF Solutions from a "strong-buy" rating to a "hold" rating and set a $24.00 price target on the stock. in a report on Friday, August 8th. Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $31.00 price objective on shares of PDF Solutions in a research report on Tuesday, August 5th.

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.