Northern Trust Corp Acquires 9,047 Shares of PDF Solutions, Inc. (PDFS)

Northern Trust Corp increased its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,563 shares of the technology company’s stock after acquiring an additional 9,047 shares during the quarter. Northern Trust Corp owned about 1.17% of PDF Solutions worth $6,178,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in shares of PDF Solutions by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 111,844 shares of the technology company’s stock valued at $1,840,000 after acquiring an additional 646 shares during the period. TD Asset Management Inc. boosted its position in shares of PDF Solutions by 22.7% in the second quarter. TD Asset Management Inc. now owns 41,095 shares of the technology company’s stock valued at $676,000 after acquiring an additional 7,595 shares during the period. State of Wisconsin Investment Board boosted its position in shares of PDF Solutions by 266.2% in the second quarter. State of Wisconsin Investment Board now owns 227,478 shares of the technology company’s stock valued at $3,742,000 after acquiring an additional 165,357 shares during the period. RK Capital Management LLC boosted its position in shares of PDF Solutions by 1.6% in the second quarter. RK Capital Management LLC now owns 600,113 shares of the technology company’s stock valued at $9,872,000 after acquiring an additional 9,400 shares during the period. Finally, American International Group Inc. boosted its position in shares of PDF Solutions by 7.1% in the first quarter. American International Group Inc. now owns 16,643 shares of the technology company’s stock valued at $376,000 after acquiring an additional 1,099 shares during the period. Institutional investors own 82.39% of the company’s stock.

PDFS has been the subject of a number of analyst reports. Northland Securities upgraded shares of PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Tuesday, October 3rd. Craig Hallum lowered shares of PDF Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $18.00 in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of PDF Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of PDF Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. PDF Solutions has an average rating of “Hold” and an average price target of $20.00.

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In other PDF Solutions news, Director Lucio Lanza sold 60,000 shares of PDF Solutions stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.00, for a total transaction of $900,000.00. Following the completion of the sale, the director now directly owns 318,967 shares in the company, valued at $4,784,505. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.20% of the company’s stock.

Shares of PDF Solutions, Inc. (PDFS) opened at $15.54 on Wednesday. PDF Solutions, Inc. has a 1 year low of $14.11 and a 1 year high of $24.44. The stock has a market cap of $495.19, a P/E ratio of 110.71, a price-to-earnings-growth ratio of 24.22 and a beta of 1.38.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). PDF Solutions had a net margin of 4.08% and a return on equity of 2.10%. The company had revenue of $26.50 million for the quarter, compared to the consensus estimate of $26.67 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. equities analysts expect that PDF Solutions, Inc. will post 0.04 EPS for the current fiscal year.

PDF Solutions Profile

PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.

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Institutional Ownership by Quarter for PDF Solutions (NASDAQ:PDFS)

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