PDF Solutions, Inc. (PDFS) Shares Bought by OppenheimerFunds Inc.

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OppenheimerFunds Inc. grew its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 99.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,004,835 shares of the technology company’s stock after purchasing an additional 999,845 shares during the quarter. OppenheimerFunds Inc. owned 0.06% of PDF Solutions worth $24,018,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of PDF Solutions by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 210,592 shares of the technology company’s stock worth $2,456,000 after buying an additional 4,991 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of PDF Solutions by 25.7% during the 1st quarter. GSA Capital Partners LLP now owns 24,598 shares of the technology company’s stock worth $287,000 after buying an additional 5,030 shares in the last quarter. Swiss National Bank boosted its holdings in shares of PDF Solutions by 12.8% during the 1st quarter. Swiss National Bank now owns 49,200 shares of the technology company’s stock worth $574,000 after buying an additional 5,600 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of PDF Solutions by 27.3% during the 2nd quarter. Keybank National Association OH now owns 38,424 shares of the technology company’s stock worth $460,000 after buying an additional 8,238 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of PDF Solutions by 43.5% during the 1st quarter. Brown Advisory Inc. now owns 27,926 shares of the technology company’s stock worth $326,000 after buying an additional 8,460 shares in the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

A number of research firms have issued reports on PDFS. BidaskClub cut PDF Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 23rd. TheStreet lowered PDF Solutions from a “c-” rating to a “d+” rating in a research report on Thursday, September 6th. ValuEngine lowered PDF Solutions from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 24th. DA Davidson reissued a “buy” rating on shares of PDF Solutions in a research report on Friday, August 3rd. Finally, Zacks Investment Research lowered PDF Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.50.

Shares of PDF Solutions stock opened at $8.98 on Friday. PDF Solutions, Inc. has a 1 year low of $8.10 and a 1 year high of $18.48.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, August 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.04). PDF Solutions had a negative net margin of 4.60% and a negative return on equity of 2.28%. The business had revenue of $21.12 million for the quarter, compared to analysts’ expectations of $22.95 million. During the same period in the prior year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. equities research analysts predict that PDF Solutions, Inc. will post -0.2 earnings per share for the current fiscal year.

PDF Solutions Profile

PDF Solutions, Inc provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits (IC) in the United States, Germany, Taiwan, China, and internationally. It offers manufacturing process solutions; volume manufacturing solutions; design-for-inspection (DFI) solutions; and design-for-manufacturability (DFM) solutions.

Further Reading: Leveraged Buyout (LBO) Explained

Want to see what other hedge funds are holding PDFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDF Solutions, Inc. (NASDAQ:PDFS).

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

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