CenterBook Partners LP Decreases Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

CenterBook Partners LP reduced its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 55.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,193 shares of the technology company's stock after selling 33,206 shares during the period. CenterBook Partners LP owned about 0.07% of PDF Solutions worth $736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of PDF Solutions by 388.4% in the 3rd quarter. Barclays PLC now owns 55,467 shares of the technology company's stock valued at $1,757,000 after buying an additional 44,111 shares during the period. State Street Corp boosted its holdings in PDF Solutions by 2.1% during the third quarter. State Street Corp now owns 1,147,622 shares of the technology company's stock worth $36,357,000 after buying an additional 23,148 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of PDF Solutions by 41.9% in the third quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company's stock worth $2,347,000 after acquiring an additional 21,877 shares during the period. William Blair Investment Management LLC grew its position in shares of PDF Solutions by 17.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock valued at $28,802,000 after acquiring an additional 161,306 shares during the period. Finally, Franklin Resources Inc. boosted its position in PDF Solutions by 8.9% during the third quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company's stock worth $394,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PDFS shares. Rosenblatt Securities lowered their target price on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. DA Davidson lowered their price target on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday. StockNews.com lowered PDF Solutions from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Northland Securities restated an "outperform" rating and set a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th.

PDF Solutions Stock Performance

PDFS stock traded down $0.22 during mid-day trading on Thursday, reaching $17.20. The company had a trading volume of 54,073 shares, compared to its average volume of 181,688. The firm has a fifty day simple moving average of $21.09 and a 200 day simple moving average of $26.54. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $39.70. The company has a market capitalization of $672.76 million, a price-to-earnings ratio of 172.21 and a beta of 1.62.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). The business 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%. As a group, analysts predict that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at PDF Solutions

In other PDF Solutions news, CEO John Kachig Kibarian bought 34,356 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the transaction, the chief executive officer now owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. The trade was a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael B. Gustafson purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $23.06 per share, with a total value of $92,240.00. Following the purchase, the director now owns 22,574 shares in the company, valued at $520,556.44. This trade represents a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.13% of the company's stock.

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.