Kings Path Partners LLC bought a new stake in PDF Solutions, Inc. (NASDAQ:PDFS – Free Report) in the third quarter, HoldingsChannel reports. The fund bought 17,800 shares of the technology company’s stock, valued at approximately $909,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of PDFS. Counterpoint Mutual Funds LLC raised its stake in PDF Solutions by 98.9% during the third quarter. Counterpoint Mutual Funds LLC now owns 12,411 shares of the technology company’s stock worth $634,000 after purchasing an additional 6,171 shares during the period. ZWJ Investment Counsel Inc. grew its stake in shares of PDF Solutions by 4.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 6,095 shares of the technology company’s stock valued at $311,000 after buying an additional 282 shares during the period. GAMMA Investing LLC grew its stake in shares of PDF Solutions by 18.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,711 shares of the technology company’s stock valued at $138,000 after buying an additional 430 shares during the period. Farther Finance Advisors LLC grew its stake in shares of PDF Solutions by 1,273.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,760 shares of the technology company’s stock valued at $141,000 after buying an additional 2,559 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in shares of PDF Solutions by 11.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 14,089 shares of the technology company’s stock worth $719,000 after buying an additional 1,418 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
Insiders Place Their Bets
In related news, CTO Andrzej Strojwas sold 3,394 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the completion of the sale, the chief technology officer directly owned 90,965 shares in the company, valued at approximately $4,039,755.65. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $51.47, for a total value of $77,256.47. Following the completion of the transaction, the director directly owned 23,380 shares in the company, valued at $1,203,368.60. This trade represents a 6.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.08% of the stock is currently owned by corporate insiders.
PDF Solutions Price Performance
PDFS opened at $44.01 on Thursday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. PDF Solutions, Inc. has a 52-week low of $23.55 and a 52-week high of $71.68. The company has a 50 day moving average of $46.99 and a two-hundred day moving average of $49.38. The company has a market cap of $1.76 billion, a P/E ratio of 176.04 and a beta of 1.66.
PDF Solutions (NASDAQ:PDFS – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The company had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. On average, analysts expect that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on PDFS. Sanford C. Bernstein initiated coverage on PDF Solutions in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 target price on the stock. Wells Fargo & Company started coverage on PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target for the company. DA Davidson dropped their price target on PDF Solutions from $74.00 to $68.00 and set a “buy” rating for the company in a research note on Monday. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada lowered PDF Solutions to an “outperform” rating in a research note on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, PDF Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.
View Our Latest Stock Report on PDF Solutions
PDF Solutions Profile
PDF Solutions, Inc (NASDAQ: PDFS) provides software, analytics and engineering services for the semiconductor industry. Its solutions help chip manufacturers and their supply-chain partners collect, integrate and analyze data from design, wafer fabrication, assembly, packaging and testing operations.
The company’s product portfolio includes the Exensio platform, which is designed to support semiconductor manufacturing analytics, yield improvement, quality management, test optimization and supply-chain visibility.
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