Russell Investments Group Ltd. Increases Stock Holdings in PDF Solutions, Inc. $PDFS

Key Points

• Russell Investments Group Ltd. increased its stake in PDF Solutions by 33.5% in the first quarter, owning approximately 0.66% of the company, worth around $4.95 million.
• Other notable institutional investors, including Public Sector Pension Investment Board and Herald Investment Management Ltd., also significantly increased their holdings in PDF Solutions during the same period.
• Analysts have mixed views on PDF Solutions, with ratings ranging from a "buy" to a "hold", and a consensus price target of $33.33.

Russell Investments Group Ltd. grew its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,090 shares of the technology company's stock after acquiring an additional 65,065 shares during the quarter. Russell Investments Group Ltd. owned about 0.66% of PDF Solutions worth $4,951,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock valued at $35,000 after acquiring an additional 931 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of PDF Solutions by 206.0% during the first quarter. New York State Common Retirement Fund now owns 27,111 shares of the technology company's stock valued at $518,000 after acquiring an additional 18,250 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of PDF Solutions by 50.7% during the fourth quarter. Bank of America Corp DE now owns 90,851 shares of the technology company's stock valued at $2,460,000 after acquiring an additional 30,548 shares in the last quarter. SG Americas Securities LLC increased its holdings in PDF Solutions by 391.4% in the 1st quarter. SG Americas Securities LLC now owns 20,287 shares of the technology company's stock worth $388,000 after buying an additional 16,159 shares during the period. Finally, Legato Capital Management LLC acquired a new position in PDF Solutions in the 1st quarter worth approximately $361,000. Institutional investors and hedge funds own 79.51% of the company's stock.

Analyst Ratings Changes

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

PDF Solutions Stock Performance

PDF Solutions stock traded down $0.39 during mid-day trading on Monday, hitting $19.89. The company had a trading volume of 155,003 shares, compared to its average volume of 253,114. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $33.42. The company's fifty day moving average is $21.75 and its 200-day moving average is $20.69. The company has a market capitalization of $785.46 million, a price-to-earnings ratio of 995.00 and a beta of 1.40.

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.