Rhumbline Advisers Sells 678 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Rhumbline Advisers lessened its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,710 shares of the technology company’s stock after selling 678 shares during the quarter. Rhumbline Advisers owned 0.22% of PDF Solutions worth $3,118,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PDFS. nVerses Capital LLC bought a new stake in shares of PDF Solutions in the 2nd quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in PDF Solutions by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the technology company’s stock valued at $35,000 after buying an additional 479 shares in the last quarter. Quest Partners LLC bought a new stake in PDF Solutions during the 4th quarter valued at about $72,000. ProShare Advisors LLC bought a new stake in PDF Solutions during the 1st quarter valued at about $210,000. Finally, PNC Financial Services Group Inc. lifted its holdings in PDF Solutions by 67.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,692 shares of the technology company’s stock valued at $247,000 after buying an additional 3,085 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

PDF Solutions Price Performance

Shares of PDFS opened at $29.23 on Wednesday. PDF Solutions, Inc. has a 1-year low of $26.12 and a 1-year high of $39.70. The company has a 50-day moving average of $32.31 and a 200 day moving average of $33.26. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 584.60 and a beta of 1.49.

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

Wall Street Analysts Forecast Growth

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

PDF Solutions 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.