Herald Investment Management Ltd Has $3.82 Million Stock Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Key Points

• Herald Investment Management Ltd significantly increased its stake in PDF Solutions, Inc. by 166.7%, acquiring an additional 125,000 shares in the 1st quarter, bringing its total ownership to 200,000 shares, valued at approximately $3.82 million.
• Several hedge funds have also increased their positions in PDF Solutions, with notable increases from JPMorgan Chase & Co. (up 41.2%) and Wells Fargo & Company MN (up 44.6%).
• Despite recent investments, analysts have mixed sentiments on the stock, with Wall Street Zen downgrading it from "buy" to "hold", while DA Davidson upgraded it to "strong-buy" and set a price target of $31.00.

Herald Investment Management Ltd lifted its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 166.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,000 shares of the technology company's stock after purchasing an additional 125,000 shares during the quarter. Herald Investment Management Ltd owned about 0.51% of PDF Solutions worth $3,822,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PDFS. GAMMA Investing LLC increased its position in shares of PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after acquiring an additional 931 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of PDF Solutions by 206.0% during the first quarter. New York State Common Retirement Fund now owns 27,111 shares of the technology company's stock worth $518,000 after acquiring an additional 18,250 shares during the last quarter. Bank of America Corp DE increased its position in shares of PDF Solutions by 50.7% during the fourth quarter. Bank of America Corp DE now owns 90,851 shares of the technology company's stock worth $2,460,000 after acquiring an additional 30,548 shares during the last quarter. SG Americas Securities LLC increased its position in shares of PDF Solutions by 391.4% during the first quarter. SG Americas Securities LLC now owns 20,287 shares of the technology company's stock worth $388,000 after acquiring an additional 16,159 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in PDF Solutions in the first quarter worth about $361,000. Institutional investors and hedge funds own 79.51% of the company's stock.

PDF Solutions Price Performance

Shares of NASDAQ PDFS traded down $0.76 during trading on Monday, hitting $18.97. The company had a trading volume of 646,441 shares, compared to its average volume of 250,984. The company has a market cap of $742.47 million, a P/E ratio of 948.97 and a beta of 1.40. PDF Solutions, Inc. has a 52 week low of $15.91 and a 52 week high of $33.42. The business's 50-day moving average is $21.71 and its 200 day moving average is $21.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.37 and a current ratio of 2.37.

Insider Transactions at PDF Solutions

In other news, Director Michael B. Gustafson bought 7,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $19.45 per share, with a total value of $145,875.00. Following the purchase, the director directly owned 30,074 shares in the company, valued at $584,939.30. This trade represents a 33.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

PDF Solutions Company 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.