Connor Clark & Lunn Investment Management Ltd. Has $4.02 Million Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 38.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,572 shares of the technology company's stock after buying an additional 41,606 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.38% of PDF Solutions worth $4,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of PDF Solutions during the fourth quarter worth $2,482,000. Dana Investment Advisors Inc. lifted its holdings in shares of PDF Solutions by 2.9% during the fourth quarter. Dana Investment Advisors Inc. now owns 56,103 shares of the technology company's stock worth $1,519,000 after buying an additional 1,600 shares in the last quarter. Victory Capital Management Inc. raised its stake in PDF Solutions by 7.5% in the fourth quarter. Victory Capital Management Inc. now owns 28,500 shares of the technology company's stock valued at $772,000 after purchasing an additional 1,999 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in PDF Solutions by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 270,832 shares of the technology company's stock valued at $7,334,000 after purchasing an additional 6,246 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in PDF Solutions by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 151,362 shares of the technology company's stock valued at $4,099,000 after purchasing an additional 4,508 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company's stock.

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Insider Activity

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

PDF Solutions Stock Down 1.6 %

Shares of PDFS stock traded down $0.34 on Tuesday, reaching $21.47. The company had a trading volume of 161,827 shares, compared to its average volume of 164,944. The stock has a market capitalization of $839.78 million, a PE ratio of 214.44 and a beta of 1.59. PDF Solutions, Inc. has a one year low of $20.61 and a one year high of $39.70. The business's 50-day moving average is $25.22 and its 200 day moving average is $28.29.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). The company had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. On average, sell-side analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PDFS has been the subject of a number of analyst reports. Rosenblatt Securities dropped their price target on PDF Solutions from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Northland Securities reaffirmed an "outperform" rating and issued a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th.

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.