Legal & General Group Plc Maintains Stake in PDF Solutions, Inc. (PDFS)
Legal & General Group Plc continued to hold its position in PDF Solutions, Inc. (NASDAQ:PDFS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,590 shares of the technology company’s stock at the close of the second quarter. Legal & General Group Plc’s holdings in PDF Solutions were worth $110,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of PDFS. Wells Fargo & Company MN raised its stake in PDF Solutions by 8.6% during the 1st quarter. Wells Fargo & Company MN now owns 41,795 shares of the technology company’s stock worth $945,000 after buying an additional 3,325 shares during the period. Sei Investments Co. raised its stake in PDF Solutions by 4.4% during the 1st quarter. Sei Investments Co. now owns 8,800 shares of the technology company’s stock worth $199,000 after buying an additional 372 shares during the period. Victory Capital Management Inc. raised its stake in PDF Solutions by 20.6% during the 1st quarter. Victory Capital Management Inc. now owns 11,137 shares of the technology company’s stock worth $252,000 after buying an additional 1,902 shares during the period. American International Group Inc. raised its stake in PDF Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 16,643 shares of the technology company’s stock worth $376,000 after buying an additional 1,099 shares during the period. Finally, United Services Automobile Association acquired a new position in PDF Solutions during the 1st quarter worth approximately $798,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Lucio Lanza sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $15.00, for a total value of $900,000.00. Following the sale, the director now directly owns 318,967 shares of the company’s stock, valued at approximately $4,784,505. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.20% of the company’s stock.
PDF Solutions, Inc. (NASDAQ:PDFS) opened at 15.92 on Thursday. PDF Solutions, Inc. has a 1-year low of $14.11 and a 1-year high of $24.44. The firm has a market capitalization of $514.74 million, a P/E ratio of 94.20 and a beta of 1.40. The company’s 50-day moving average price is $15.39 and its 200-day moving average price is $17.21.
PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. PDF Solutions had a return on equity of 2.78% and a net margin of 5.29%. The firm had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $26.58 million. During the same period in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. Equities research analysts expect that PDF Solutions, Inc. will post $0.43 earnings per share for the current fiscal year.
PDFS has been the topic of a number of research reports. BidaskClub raised PDF Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Northland Securities raised PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Tuesday, October 3rd. Craig Hallum downgraded PDF Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $18.00 in a research note on Friday, July 28th. Finally, Zacks Investment Research raised PDF Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. PDF Solutions currently has a consensus rating of “Hold” and an average price target of $20.00.
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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