PDF Solutions, Inc. (NASDAQ:PDFS) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,362 shares of the technology company’s stock after purchasing an additional 4,508 shares during the quarter. Principal Financial Group Inc. owned 0.39% of PDF Solutions worth $4,099,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of PDF Solutions in the third quarter valued at $37,000. KBC Group NV increased its holdings in PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after acquiring an additional 956 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in PDF Solutions by 34.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock valued at $65,000 after acquiring an additional 526 shares in the last quarter. Empowered Funds LLC acquired a new position in PDF Solutions during the fourth quarter worth about $165,000. Finally, Olympiad Research LP purchased a new stake in shares of PDF Solutions in the third quarter valued at about $253,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

PDF Solutions Stock Performance

Shares of PDFS opened at $21.42 on Tuesday. PDF Solutions, Inc. has a 1 year low of $21.20 and a 1 year high of $39.70. The company’s 50 day simple moving average is $26.51 and its 200 day simple moving average is $29.00. The company has a market capitalization of $830.52 million, a price-to-earnings ratio of 214.20 and a beta of 1.52.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. Equities analysts expect that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at PDF Solutions

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

Wall Street Analyst Weigh In

PDFS has been the subject of a number of recent research reports. Northland Securities reissued an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a research note on Tuesday, December 24th. StockNews.com upgraded PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Rosenblatt Securities cut their price target on PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 14th.

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.