Acadian Asset Management LLC Raises Stock Position in PDF Solutions, Inc. $PDFS

Acadian Asset Management LLC lifted its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,161 shares of the technology company’s stock after buying an additional 42,093 shares during the period. Acadian Asset Management LLC owned about 0.54% of PDF Solutions worth $4,500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. New York State Common Retirement Fund increased its position in shares of PDF Solutions by 206.0% during the 1st quarter. New York State Common Retirement Fund now owns 27,111 shares of the technology company’s stock valued at $518,000 after purchasing an additional 18,250 shares during the last quarter. Legato Capital Management LLC purchased a new position in PDF Solutions during the first quarter worth $361,000. Herald Investment Management Ltd increased its position in PDF Solutions by 166.7% during the first quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company’s stock valued at $3,822,000 after acquiring an additional 125,000 shares during the last quarter. Voya Investment Management LLC increased its position in PDF Solutions by 55.3% during the first quarter. Voya Investment Management LLC now owns 58,955 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 20,986 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of PDF Solutions in the first quarter valued at $290,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

PDF Solutions Stock Down 3.2%

NASDAQ:PDFS opened at $25.14 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37. PDF Solutions, Inc. has a 1-year low of $15.91 and a 1-year high of $32.38. The company has a 50-day moving average of $25.44 and a 200 day moving average of $22.25. The firm has a market cap of $992.85 million, a PE ratio of 1,257.63 and a beta of 1.56.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. PDF Solutions had a net margin of 0.44% and a return on equity of 4.22%. The business had revenue of $57.12 million during the quarter, compared to analyst estimates of $56.69 million. As a group, research analysts anticipate that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PDFS shares. DA Davidson raised shares of PDF Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings lowered PDF Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday. Finally, Rosenblatt Securities upped their target price on PDF Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

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.