The Manufacturers Life Insurance Company Grows Position in PDF Solutions, Inc. (NASDAQ:PDFS)

The Manufacturers Life Insurance Company boosted its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 4.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,433 shares of the technology company’s stock after purchasing an additional 707 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in PDF Solutions were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of PDF Solutions by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $564,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of PDF Solutions by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 26,788 shares of the technology company’s stock valued at $902,000 after acquiring an additional 347 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of PDF Solutions by 98.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the technology company’s stock valued at $35,000 after acquiring an additional 479 shares during the last quarter. nVerses Capital LLC purchased a new stake in PDF Solutions during the 2nd quarter worth about $25,000. Finally, Price T Rowe Associates Inc. MD raised its stake in PDF Solutions by 17.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,784 shares of the technology company’s stock valued at $296,000 after purchasing an additional 1,317 shares during the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Stock Down 5.4 %

Shares of NASDAQ:PDFS opened at $29.60 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 592.00 and a beta of 1.48. The business has a fifty day simple moving average of $30.50 and a 200-day simple moving average of $32.80. PDF Solutions, Inc. has a 52 week low of $26.12 and a 52 week high of $39.70.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. PDF Solutions had a negative net margin of 1.67% and a positive return on equity of 2.78%. The company had revenue of $41.66 million during the quarter, compared to the consensus estimate of $41.60 million. Sell-side analysts expect that PDF Solutions, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “buy” rating and set a $42.00 price target on shares of PDF Solutions in a report on Wednesday, August 28th.

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.