Connor Clark & Lunn Investment Management Ltd. Takes Position in PDF Solutions, Inc. $PDFS

Connor Clark & Lunn Investment Management Ltd. purchased a new position in PDF Solutions, Inc. (NASDAQ:PDFS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 193,520 shares of the technology company’s stock, valued at approximately $13,699,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.48% of PDF Solutions at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in PDF Solutions by 122.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,116 shares of the technology company’s stock valued at $32,000 after purchasing an additional 615 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of PDF Solutions during the second quarter valued at approximately $33,000. Meeder Asset Management Inc. purchased a new stake in shares of PDF Solutions during the second quarter valued at approximately $44,000. Bell Investment Advisors Inc bought a new stake in shares of PDF Solutions during the second quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC increased its position in shares of PDF Solutions by 257.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,392 shares of the technology company’s stock valued at $73,000 after acquiring an additional 2,442 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

Analysts Set New Price Targets

PDFS has been the topic of several analyst reports. Sanford C. Bernstein began coverage on PDF Solutions in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 price objective on the stock. DA Davidson set a $74.00 target price on PDF Solutions in a report on Monday, August 17th. Wells Fargo & Company started coverage on PDF Solutions in a research note on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

PDF Solutions Stock Up 0.5%

PDFS opened at $44.28 on Wednesday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 177.12 and a beta of 1.67. The firm has a 50 day moving average price of $53.49 and a 200-day moving average price of $45.30. PDF Solutions, Inc. has a twelve month low of $18.93 and a twelve month high of $71.68. 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 (NASDAQ:PDFS) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $61.17 million. Equities research analysts forecast that PDF Solutions, Inc. will post 0.77 earnings per share for the current year.

Insider Buying and Selling at PDF Solutions

In other news, Director Shuo Zhang sold 1,501 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. 11.08% of the stock is owned by insiders.

PDF Solutions Profile

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.