Blume Capital Management Inc. Takes Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Blume Capital Management Inc. purchased a new stake in PDF Solutions, Inc. (NASDAQ:PDFS) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,600 shares of the technology company’s stock, valued at approximately $65,000.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of PDF Solutions by 5.2% in the 1st quarter. BlackRock Inc. now owns 4,742,499 shares of the technology company’s stock valued at $84,323,000 after buying an additional 232,731 shares in the last quarter. Cowen Prime Advisors LLC bought a new stake in shares of PDF Solutions in the 2nd quarter valued at about $34,352,000. Samjo Capital LLC lifted its holdings in shares of PDF Solutions by 19.2% during the 1st quarter. Samjo Capital LLC now owns 1,216,000 shares of the technology company’s stock valued at $21,620,000 after purchasing an additional 196,000 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of PDF Solutions by 8.0% during the 1st quarter. William Blair Investment Management LLC now owns 804,248 shares of the technology company’s stock valued at $14,300,000 after purchasing an additional 59,575 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of PDF Solutions by 25.7% during the 1st quarter. Royce & Associates LP now owns 504,100 shares of the technology company’s stock valued at $8,963,000 after purchasing an additional 103,000 shares during the last quarter. Institutional investors and hedge funds own 74.85% of the company’s stock.

PDFS has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $23.00 price objective on shares of PDF Solutions in a report on Sunday, August 29th. Northland Securities began coverage on shares of PDF Solutions in a research report on Monday, July 12th. They set a “buy” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.33.

NASDAQ:PDFS traded down $0.21 during trading hours on Wednesday, reaching $22.46. The company had a trading volume of 290 shares, compared to its average volume of 143,203. PDF Solutions, Inc. has a 1-year low of $16.44 and a 1-year high of $23.50. The business’s 50 day moving average price is $20.22 and its 200-day moving average price is $18.71. The firm has a market cap of $836.19 million, a PE ratio of -17.17 and a beta of 1.49.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings data on Tuesday, August 10th. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $27.42 million for the quarter, compared to analyst estimates of $26.50 million. PDF Solutions had a negative return on equity of 19.40% and a negative net margin of 49.71%. On average, equities analysts anticipate that PDF Solutions, Inc. will post -0.29 earnings per share for the current year.

About PDF Solutions

PDF Solutions, Inc engages in the provision of an end-to-end analytics platform that empowers engineers and data scientists across the semiconductor ecosystem and data analytics for process-design optimization and yield enhancement. Its products, services and platforms include proprietary software, physical intellectual property (or IP) for integrated circuit (or IC) designs, electrical measurement hardware tools, proven methodologies, and professional services.

Further Reading: Understanding dividend yield and dividend payout ratio

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

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