Foresters Investment Management Company Inc. acquired a new position in PDF Solutions, Inc. (NASDAQ:PDFS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 889,900 shares of the technology company’s stock, valued at approximately $7,502,000. Foresters Investment Management Company Inc. owned approximately 2.76% of PDF Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Toronado Partners LLC purchased a new stake in PDF Solutions during the 4th quarter worth about $2,951,000. Dimensional Fund Advisors LP boosted its stake in PDF Solutions by 16.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,867,981 shares of the technology company’s stock worth $16,868,000 after buying an additional 263,986 shares during the last quarter. Royce & Associates LP boosted its stake in PDF Solutions by 52.2% in the 3rd quarter. Royce & Associates LP now owns 376,000 shares of the technology company’s stock worth $3,395,000 after buying an additional 129,000 shares during the last quarter. BlackRock Inc. boosted its stake in PDF Solutions by 2.9% in the 3rd quarter. BlackRock Inc. now owns 3,982,768 shares of the technology company’s stock worth $35,964,000 after buying an additional 113,917 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in PDF Solutions in the 4th quarter worth about $400,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.
A number of analysts have issued reports on PDFS shares. Zacks Investment Research lowered PDF Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. BidaskClub raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, ValuEngine raised PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. PDF Solutions has an average rating of “Buy” and a consensus target price of $12.00.
PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, February 14th. The technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.09. The business had revenue of $19.70 million for the quarter, compared to analyst estimates of $18.16 million. PDF Solutions had a negative return on equity of 3.84% and a negative net margin of 8.99%. The company’s revenue was down 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Sell-side analysts anticipate that PDF Solutions, Inc. will post -0.11 earnings per share for the current fiscal year.
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About PDF Solutions
PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.
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