Rhumbline Advisers Has $1.63 Million Position in PDF Solutions, Inc. $PDFS

Key Points

• Rhumbline Advisers reduced its stake in PDF Solutions by 18.1% in Q1, selling 18,867 shares, leaving them with 85,435 shares valued at approximately $1.63 million.
• Institutional investors, including Nuveen LLC and Acadian Asset Management LLC, have modified their holdings, with Acadian increasing its stake by 328.7% during the same period.
• PDF Solutions saw its stock price increase by 8.9% recently, with current trading at $21.84, but analysts' ratings vary with a majority assigning a "Moderate Buy" consensus.

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Needham Investment Management LLC raised its position in shares of PDF Solutions by 2.6% during the 1st quarter. Needham Investment Management LLC now owns 1,865,000 shares of the technology company's stock valued at $35,640,000 after acquiring an additional 47,500 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its position in shares of PDF Solutions by 9.3% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 328,316 shares of the technology company's stock worth $6,274,000 after buying an additional 27,980 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of PDF Solutions by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 282,752 shares of the technology company's stock valued at $5,403,000 after acquiring an additional 11,920 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of PDF Solutions by 33.5% in the 1st quarter. Russell Investments Group Ltd. now owns 259,090 shares of the technology company's stock valued at $4,951,000 after acquiring an additional 65,065 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in PDF Solutions by 68.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 250,159 shares of the technology company's stock worth $4,781,000 after acquiring an additional 101,587 shares during the last quarter. 79.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson raised shares of PDF Solutions to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $31.00 price target on shares of PDF Solutions in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, PDF Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

PDF Solutions Stock Up 2.4%

Shares of PDF Solutions stock traded up $0.53 during trading on Monday, reaching $22.54. The stock had a trading volume of 307,037 shares, compared to its average volume of 269,000. 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 company has a market capitalization of $890.10 million, a price-to-earnings ratio of 1,127.56 and a beta of 1.51. The stock has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $20.17. PDF Solutions, Inc. has a 52 week low of $15.91 and a 52 week high of $33.42.

PDF Solutions 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.