Herald Investment Management Ltd Acquires New Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Herald Investment Management Ltd bought a new position in PDF Solutions, Inc. (NASDAQ:PDFS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 75,000 shares of the technology company’s stock, valued at approximately $2,725,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP boosted its position in shares of PDF Solutions by 3.2% during the first quarter. Wasatch Advisors LP now owns 1,328,265 shares of the technology company’s stock valued at $44,723,000 after buying an additional 41,029 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of PDF Solutions by 9.9% during the second quarter. Assenagon Asset Management S.A. now owns 231,915 shares of the technology company’s stock valued at $8,437,000 after purchasing an additional 20,885 shares during the last quarter. Vanguard Group Inc. lifted its position in PDF Solutions by 2.5% during the first quarter. Vanguard Group Inc. now owns 3,168,212 shares of the technology company’s stock valued at $106,674,000 after purchasing an additional 78,543 shares during the period. Janus Henderson Group PLC boosted its holdings in PDF Solutions by 20.9% in the first quarter. Janus Henderson Group PLC now owns 562,326 shares of the technology company’s stock worth $18,934,000 after purchasing an additional 97,060 shares during the last quarter. Finally, Ranger Investment Management L.P. grew its position in PDF Solutions by 49.1% in the 4th quarter. Ranger Investment Management L.P. now owns 769,650 shares of the technology company’s stock worth $24,737,000 after purchasing an additional 253,393 shares during the period. Institutional investors own 79.51% of the company’s stock.

PDF Solutions Trading Up 2.8 %

PDFS opened at $29.35 on Friday. The company’s 50 day moving average is $32.60 and its 200 day moving average is $33.32. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 587.00 and a beta of 1.49. PDF Solutions, Inc. has a 12-month low of $26.12 and a 12-month high of $39.70.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. PDF Solutions had a negative net margin of 1.67% and a positive return on equity of 2.78%. The business had revenue of $41.66 million for the quarter, compared to the consensus estimate of $41.60 million. As a group, analysts predict that PDF Solutions, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and set a $42.00 price target on shares of PDF Solutions in a report on Wednesday, August 28th.

PDF Solutions Company 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.