Principal Financial Group Inc. Decreases Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Principal Financial Group Inc. lowered its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,854 shares of the technology company’s stock after selling 5,889 shares during the period. Principal Financial Group Inc. owned about 0.38% of PDF Solutions worth $4,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of PDF Solutions by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 241,651 shares of the technology company’s stock valued at $8,791,000 after acquiring an additional 5,640 shares during the last quarter. nVerses Capital LLC acquired a new position in PDF Solutions in the 2nd quarter valued at $25,000. Roubaix Capital LLC lifted its holdings in PDF Solutions by 3.9% in the 2nd quarter. Roubaix Capital LLC now owns 101,983 shares of the technology company’s stock valued at $3,710,000 after purchasing an additional 3,865 shares in the last quarter. Quest Partners LLC boosted its stake in PDF Solutions by 20,281.5% during the 2nd quarter. Quest Partners LLC now owns 5,503 shares of the technology company’s stock worth $200,000 after purchasing an additional 5,476 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of PDF Solutions by 13.9% during the second quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after buying an additional 90,789 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

PDF Solutions Trading Up 0.9 %

PDF Solutions stock opened at $27.33 on Friday. The company has a 50-day moving average price of $30.05 and a 200 day moving average price of $31.54. PDF Solutions, Inc. has a 12-month low of $26.94 and a 12-month high of $39.70. The stock has a market cap of $1.06 billion, a P/E ratio of 248.48 and a beta of 1.51.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Northland Securities reissued an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th. StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $40.00 price target on shares of PDF Solutions in a research report on Friday, November 8th.

Insider Transactions at PDF Solutions

In other news, Director Nancy Erba sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $30.81, for a total value of $61,620.00. Following the transaction, the director now owns 13,739 shares of the company’s stock, valued at $423,298.59. This represents a 12.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrzej Strojwas sold 5,030 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $30.85, for a total value of $155,175.50. Following the sale, the insider now directly owns 94,717 shares of the company’s stock, valued at $2,922,019.45. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.13% of the company’s stock.

About PDF Solutions

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.