PDF Solutions, Inc. $PDFS Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 18.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,435 shares of the technology company's stock after selling 18,867 shares during the quarter. Rhumbline Advisers owned about 0.22% of PDF Solutions worth $1,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new position in PDF Solutions during the 1st quarter valued at about $2,628,000. Acadian Asset Management LLC boosted its stake in shares of PDF Solutions by 328.7% in the 1st quarter. Acadian Asset Management LLC now owns 169,068 shares of the technology company's stock valued at $3,221,000 after buying an additional 129,629 shares during the period. Herald Investment Management Ltd boosted its stake in shares of PDF Solutions by 166.7% in the 1st quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company's stock valued at $3,822,000 after buying an additional 125,000 shares during the period. Penn Capital Management Company LLC purchased a new position in shares of PDF Solutions in the 1st quarter valued at about $2,076,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of PDF Solutions by 68.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 250,159 shares of the technology company's stock valued at $4,781,000 after buying an additional 101,587 shares during the period. 79.51% of the stock is owned by institutional investors and hedge funds.

PDF Solutions Trading Up 8.9%

NASDAQ:PDFS opened at $21.84 on Friday. The firm has a market cap of $862.46 million, a P/E ratio of 1,092.55 and a beta of 1.51. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. The stock's 50 day simple moving average is $21.16 and its 200-day simple moving average is $20.19. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $33.42.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PDFS. Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson upgraded PDF Solutions to a "hold" rating in a research note on Monday, August 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $31.00 price objective on shares of PDF Solutions in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, PDF Solutions has a consensus rating of "Moderate Buy" and an average price target of $33.33.

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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