PDF Solutions, Inc. (NASDAQ:PDFS) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

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

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in PDF Solutions during the 3rd quarter valued at about $37,000. KBC Group NV boosted its position in shares of PDF Solutions by 91.6% during the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company's stock valued at $54,000 after buying an additional 956 shares during the period. Empowered Funds LLC bought a new position in shares of PDF Solutions during the fourth quarter valued at approximately $165,000. Franklin Resources Inc. boosted its holdings in PDF Solutions by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company's stock valued at $394,000 after acquiring an additional 1,025 shares during the period. Finally, Inspire Investing LLC increased its stake in PDF Solutions by 13.7% in the 4th quarter. Inspire Investing LLC now owns 14,848 shares of the technology company's stock worth $402,000 after buying an additional 1,793 shares during the period. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on PDFS. Rosenblatt Securities reduced their price objective on PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Northland Securities reaffirmed an "outperform" rating and issued a $45.00 price objective on shares of PDF Solutions in a research note on Tuesday, December 24th.

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Insider Buying and Selling

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

PDF Solutions Stock Performance

PDFS traded up $0.14 on Monday, hitting $21.81. The company had a trading volume of 324,270 shares, compared to its average volume of 164,998. The stock has a market capitalization of $853.08 million, a price-to-earnings ratio of 218.10 and a beta of 1.59. The stock has a fifty day moving average price of $25.36 and a 200-day moving average price of $28.36. PDF Solutions, Inc. has a 12-month low of $20.78 and a 12-month high of $39.70.

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). PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. The firm had revenue of $50.09 million for the quarter, compared to analysts' expectations of $49.40 million. Analysts forecast that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

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.