Legal & General Group Plc Invests $5.73 Million in PDF Solutions, Inc. $PDFS

Legal & General Group Plc acquired a new stake in PDF Solutions, Inc. (NASDAQ:PDFS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 81,024 shares of the technology company’s stock, valued at approximately $5,733,000.

Several other hedge funds have also recently added to or reduced their stakes in PDFS. The Manufacturers Life Insurance Company acquired a new position in shares of PDF Solutions during the 2nd quarter worth about $1,090,000. Ranger Investment Management L.P. bought a new position in PDF Solutions during the 2nd quarter worth approximately $81,384,000. OMERS ADMINISTRATION Corp bought a new position in PDF Solutions during the 2nd quarter worth approximately $807,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in PDF Solutions during the second quarter valued at approximately $13,699,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in PDF Solutions in the second quarter valued at approximately $93,416,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

Insider Activity

In other PDF Solutions news, CTO Andrzej Strojwas sold 3,394 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $44.41, for a total value of $150,727.54. Following the sale, the chief technology officer owned 90,965 shares in the company, valued at approximately $4,039,755.65. The trade was a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Shuo Zhang sold 1,501 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $51.47, for a total value of $77,256.47. Following the transaction, the director directly owned 23,380 shares of the company’s stock, valued at approximately $1,203,368.60. This trade represents a 6.03% decrease in their position. The SEC filing for this sale provides additional information. 11.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on PDFS. Sanford C. Bernstein began coverage on shares of PDF Solutions in a report on Tuesday, August 11th. They issued an “outperform” rating and a $65.00 target price on the stock. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $63.00 target price on shares of PDF Solutions in a report on Friday, August 7th. Wells Fargo & Company assumed coverage on PDF Solutions in a research note on Tuesday, August 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Weiss Ratings upgraded PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, PDF Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

PDF Solutions Trading Up 3.4%

Shares of NASDAQ:PDFS opened at $43.46 on Friday. PDF Solutions, Inc. has a 12 month low of $19.07 and a 12 month high of $71.68. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $50.66 and its 200 day simple moving average is $45.94. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 173.84 and a beta of 1.64.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. As a group, research analysts forecast that PDF Solutions, Inc. will post 0.77 EPS for the current fiscal year.

About PDF Solutions

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.