Herald Investment Management Ltd Increases Stock Position 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 raised its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 166.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the technology company's stock after buying an additional 125,000 shares during the quarter. Herald Investment Management Ltd owned approximately 0.51% of PDF Solutions worth $3,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Needham Investment Management LLC grew its position in shares of PDF Solutions by 3.3% during the fourth quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company's stock worth $49,218,000 after acquiring an additional 57,950 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in PDF Solutions by 3.9% during the 4th 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 increased its holdings in PDF Solutions by 8.8% during the 4th quarter. Northern Trust Corp now owns 405,286 shares of the technology company's stock worth $10,975,000 after purchasing an additional 32,890 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in PDF Solutions by 9.3% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 328,316 shares of the technology company's stock valued at $6,274,000 after purchasing an additional 27,980 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in PDF Solutions by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 282,752 shares of the technology company's stock worth $5,403,000 after acquiring an additional 11,920 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

PDF Solutions Stock Up 6.5%

Shares of NASDAQ:PDFS traded up $1.23 during trading on Tuesday, hitting $20.20. The company's stock had a trading volume of 238,979 shares, compared to its average volume of 250,756. The business has a 50 day moving average price of $21.73 and a two-hundred day moving average price of $21.17. 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 market capitalization of $797.82 million, a PE ratio of 1,009.80 and a beta of 1.40. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $33.42.

Analysts Set New Price Targets

PDFS has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $31.00 price objective on shares of PDF Solutions in a research note on Tuesday, August 5th. Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, DA Davidson lowered PDF Solutions from a "strong-buy" rating to a "hold" rating and set a $24.00 price objective on the stock. in a research report on Friday.

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.