Russell Investments Group Ltd. Sells 76,844 Shares of PDF Solutions, Inc. (PDFS)

Russell Investments Group Ltd. lessened its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,358 shares of the technology company’s stock after selling 76,844 shares during the quarter. Russell Investments Group Ltd. owned 1.88% of PDF Solutions worth $9,361,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in PDF Solutions by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 111,844 shares of the technology company’s stock worth $1,840,000 after acquiring an additional 646 shares during the last quarter. TD Asset Management Inc. boosted its holdings in PDF Solutions by 22.7% during the 2nd quarter. TD Asset Management Inc. now owns 41,095 shares of the technology company’s stock worth $676,000 after acquiring an additional 7,595 shares during the last quarter. AlphaOne Investment Services LLC purchased a new position in PDF Solutions during the 2nd quarter worth $1,304,000. FMR LLC boosted its holdings in PDF Solutions by 154.7% during the 2nd quarter. FMR LLC now owns 1,648,594 shares of the technology company’s stock worth $27,119,000 after acquiring an additional 1,001,408 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in PDF Solutions by 2.5% during the 2nd quarter. Northern Trust Corp now owns 375,563 shares of the technology company’s stock worth $6,178,000 after acquiring an additional 9,047 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

PDF Solutions, Inc. (PDFS) opened at $16.16 on Wednesday. The stock has a market cap of $519.15, a price-to-earnings ratio of 116.07, a price-to-earnings-growth ratio of 25.39 and a beta of 1.47. PDF Solutions, Inc. has a fifty-two week low of $14.11 and a fifty-two week high of $24.44.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The company had revenue of $26.50 million during the quarter, compared to analysts’ expectations of $26.67 million. PDF Solutions had a return on equity of 2.10% and a net margin of 4.08%. PDF Solutions’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. analysts predict that PDF Solutions, Inc. will post 0.04 EPS for the current year.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of PDF Solutions from a “sell” rating to a “hold” rating in a report on Saturday, November 25th. Northland Securities raised shares of PDF Solutions from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of PDF Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of PDF Solutions from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.00.

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About PDF Solutions

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.

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

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