Public Sector Pension Investment Board Acquires 20,693 Shares of PDF Solutions, Inc. $PDFS

Key Points

• The Public Sector Pension Investment Board increased its stake in PDF Solutions by 26.7%, owning a total of 98,318 shares worth $1,879,000 as of the last quarter.
• Several institutional investors have also significantly increased their holdings in PDF Solutions, with 79.51% of the stock now owned by institutional investors overall.
• Analyst ratings for PDF Solutions vary, with two firms maintaining a "buy" rating and the stock having an average target price of $33.33.

Public Sector Pension Investment Board boosted its position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,318 shares of the technology company's stock after buying an additional 20,693 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.25% of PDF Solutions worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PDFS. Nuveen LLC purchased a new stake in PDF Solutions in the first quarter worth approximately $2,628,000. Herald Investment Management Ltd boosted its stake in PDF Solutions by 166.7% in the first quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company's stock worth $3,822,000 after buying an additional 125,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in PDF Solutions by 68.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 250,159 shares of the technology company's stock worth $4,781,000 after buying an additional 101,587 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in PDF Solutions in the fourth quarter worth approximately $2,482,000. Finally, CenterBook Partners LP boosted its stake in PDF Solutions by 329.9% in the first quarter. CenterBook Partners LP now owns 116,911 shares of the technology company's stock worth $2,234,000 after buying an additional 89,718 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

PDF Solutions Stock Down 1.6%

PDFS traded down $0.33 during trading on Monday, reaching $19.95. The stock had a trading volume of 42,983 shares, compared to its average volume of 252,386. The stock's 50 day moving average is $21.75 and its two-hundred day moving average is $20.69. 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 $787.83 million, a price-to-earnings ratio of 998.00 and a beta of 1.40. PDF Solutions, Inc. has a one year low of $15.91 and a one year high of $33.42.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PDFS shares. Wall Street Zen lowered PDF Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Rosenblatt Securities reissued a "buy" rating and set a $31.00 price objective on shares of PDF Solutions in a research note on Tuesday, August 5th. Finally, DA Davidson upgraded PDF Solutions to a "hold" rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.33.

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.