PDF Solutions, Inc. (NASDAQ:PDFS) Shares Bought by New York State Common Retirement Fund

Key Points

• The New York State Common Retirement Fund increased its stake in PDF Solutions by 206%, owning 27,111 shares valued at approximately $518,000.
• Several hedge funds, including GAMMA Investing LLC, Aquatic Capital Management LLC, and KLP Kapitalforvaltning AS, have also significantly changed their holdings in PDF Solutions recently.
• Analysts have mixed ratings for PDF Solutions, with DA Davidson giving it a "strong-buy" rating, while others have lowered target prices and changed ratings to "hold."

New York State Common Retirement Fund grew its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 206.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,111 shares of the technology company's stock after purchasing an additional 18,250 shares during the period. New York State Common Retirement Fund owned 0.07% of PDF Solutions worth $518,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of PDF Solutions by 100.8% in 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. Aquatic Capital Management LLC acquired a new stake in shares of PDF Solutions in the fourth quarter worth approximately $136,000. KLP Kapitalforvaltning AS acquired a new stake in shares of PDF Solutions in the fourth quarter worth approximately $160,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of PDF Solutions in the fourth quarter worth approximately $232,000. Finally, ProShare Advisors LLC boosted its position in shares of PDF Solutions by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 9,377 shares of the technology company's stock worth $254,000 after acquiring an additional 2,887 shares during the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson raised shares of PDF Solutions to a "strong-buy" rating in a research report on Tuesday. Rosenblatt Securities decreased their target price on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday.

Insider Buying and Selling

In other PDF Solutions 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 price of $19.45 per share, for a total transaction of $145,875.00. Following the completion of the acquisition, the director owned 30,074 shares of the company's stock, valued at approximately $584,939.30. This represents a 33.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.09% of the company's stock.

PDF Solutions Trading Up 0.1%

NASDAQ PDFS opened at $23.79 on Friday. PDF Solutions, Inc. has a one year low of $15.91 and a one year high of $36.25. The company's 50 day moving average price is $20.92 and its 200 day moving average price is $21.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $931.14 million, a price-to-earnings ratio of 793.26 and a beta of 1.46.

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.

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