Intech Investment Management LLC Lowers Stock Position in PDF Solutions, Inc. $PDFS

Intech Investment Management LLC lessened its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,650 shares of the technology company’s stock after selling 2,239 shares during the period. Intech Investment Management LLC’s holdings in PDF Solutions were worth $377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in PDF Solutions by 19.2% in the first quarter. Envestnet Asset Management Inc. now owns 52,156 shares of the technology company’s stock worth $997,000 after acquiring an additional 8,393 shares in the last quarter. Federated Hermes Inc. purchased a new stake in PDF Solutions during the first quarter valued at about $290,000. Charles Schwab Investment Management Inc. lifted its stake in PDF Solutions by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 282,752 shares of the technology company’s stock worth $5,403,000 after purchasing an additional 11,920 shares during the last quarter. CenterBook Partners LP boosted its holdings in shares of PDF Solutions by 329.9% in the 1st quarter. CenterBook Partners LP now owns 116,911 shares of the technology company’s stock worth $2,234,000 after purchasing an additional 89,718 shares in the last quarter. Finally, Herald Investment Management Ltd increased its position in shares of PDF Solutions by 166.7% during the 1st quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company’s stock valued at $3,822,000 after purchasing an additional 125,000 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Rosenblatt Securities increased their price target on shares of PDF Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. DA Davidson raised PDF Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PDF Solutions in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PDF Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

PDF Solutions Price Performance

PDFS opened at $27.11 on Monday. The stock has a 50-day moving average price of $26.61 and a 200-day moving average price of $22.81. The firm has a market cap of $1.07 billion, a PE ratio of 1,356.18 and a beta of 1.57. PDF Solutions, Inc. has a 1 year low of $15.91 and a 1 year high of $32.37. 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 (NASDAQ:PDFS) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. PDF Solutions had a net margin of 0.44% and a return on equity of 4.22%. The firm had revenue of $57.12 million for the quarter, compared to analysts’ expectations of $56.69 million. Sell-side analysts predict that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

About PDF Solutions

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.