Squarepoint Ops LLC Trims Stock Holdings in PDF Solutions, Inc. $PDFS

Squarepoint Ops LLC reduced its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 27.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,294 shares of the technology company’s stock after selling 35,625 shares during the period. Squarepoint Ops LLC owned 0.24% of PDF Solutions worth $6,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of PDF Solutions by 40.9% during the 1st quarter. Royal Bank of Canada now owns 19,092 shares of the technology company’s stock valued at $365,000 after purchasing an additional 5,540 shares during the last quarter. Amundi raised its holdings in PDF Solutions by 117,205.9% during the 1st quarter. Amundi now owns 19,942 shares of the technology company’s stock valued at $381,000 after buying an additional 19,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in PDF Solutions by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,465 shares of the technology company’s stock valued at $353,000 after buying an additional 753 shares during the period. Jane Street Group LLC lifted its position in PDF Solutions by 113.6% in the first quarter. Jane Street Group LLC now owns 60,883 shares of the technology company’s stock worth $1,163,000 after buying an additional 32,383 shares during the last quarter. Finally, Strs Ohio purchased a new position in PDF Solutions during the first quarter worth $105,000. Institutional investors own 79.51% of the company’s stock.

PDF Solutions Trading Up 0.0%

NASDAQ PDFS opened at $47.16 on Friday. The stock has a market cap of $1.88 billion, a PE ratio of 188.64 and a beta of 1.64. PDF Solutions, Inc. has a 12 month low of $19.36 and a 12 month high of $71.68. The company’s 50-day moving average price is $48.81 and its 200-day moving average price is $46.42. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.17.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. PDF Solutions had a net margin of 4.27% and a return on equity of 7.21%. The company had revenue of $61.53 million during the quarter, compared to analyst estimates of $61.17 million. Equities research analysts forecast that PDF Solutions, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling at PDF Solutions

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PDFS shares. Rosenblatt Securities reissued a “buy” rating and issued a $63.00 target price on shares of PDF Solutions in a research note on Friday, August 7th. Wells Fargo & Company began coverage on shares of PDF Solutions in a research note on Tuesday, August 4th. They set an “equal weight” rating and a $50.00 price target for the company. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Morgan Stanley began coverage on shares of PDF Solutions in a research note on Tuesday. They issued an “overweight” rating and a $62.00 price objective for the company. Finally, Wall Street Zen lowered PDF Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.80.

PDF Solutions Profile

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.