Mesirow Financial Investment Management Inc. Cuts Stake in PDF Solutions, Inc. (NASDAQ:PDFS)

Mesirow Financial Investment Management Inc. lessened its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 23.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,778 shares of the technology company’s stock after selling 2,374 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in PDF Solutions were worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of PDF Solutions by 77.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,607 shares of the technology company’s stock valued at $149,000 after purchasing an additional 2,011 shares during the period. FMR LLC increased its stake in PDF Solutions by 72.8% in the 3rd quarter. FMR LLC now owns 122,741 shares of the technology company’s stock valued at $3,977,000 after purchasing an additional 51,701 shares in the last quarter. Trexquant Investment LP acquired a new position in PDF Solutions during the third quarter worth $1,547,000. Qube Research & Technologies Ltd boosted its position in PDF Solutions by 181.2% during the third quarter. Qube Research & Technologies Ltd now owns 72,420 shares of the technology company’s stock worth $2,346,000 after purchasing an additional 46,670 shares in the last quarter. Finally, Quadrature Capital Ltd grew its holdings in PDF Solutions by 1.7% in the third quarter. Quadrature Capital Ltd now owns 19,560 shares of the technology company’s stock valued at $634,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

PDF Solutions Stock Performance

PDF Solutions stock traded down $0.89 during midday trading on Wednesday, reaching $36.07. 116,813 shares of the company were exchanged, compared to its average volume of 167,626. The firm’s 50-day simple moving average is $34.15 and its 200-day simple moving average is $33.15. PDF Solutions, Inc. has a 1 year low of $26.12 and a 1 year high of $48.02. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 739.20 and a beta of 1.52.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The firm had revenue of $41.31 million for the quarter, compared to analysts’ expectations of $41.20 million. PDF Solutions had a return on equity of 4.83% and a net margin of 1.42%. During the same quarter last year, the firm earned $0.08 earnings per share. On average, analysts forecast that PDF Solutions, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson lifted their price target on PDF Solutions from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of PDF Solutions in a research report on Friday, May 10th.

Insider Buying and Selling at PDF Solutions

In other news, CFO Adnan Raza sold 1,343 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $34.52, for a total transaction of $46,360.36. Following the sale, the chief financial officer now owns 74,369 shares in the company, valued at $2,567,217.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Shuo Zhang sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $34.66, for a total transaction of $190,630.00. Following the completion of the transaction, the director now owns 10,381 shares of the company’s stock, valued at $359,805.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adnan Raza sold 1,343 shares of PDF Solutions stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $34.52, for a total transaction of $46,360.36. Following the completion of the transaction, the chief financial officer now owns 74,369 shares in the company, valued at approximately $2,567,217.88. The disclosure for this sale can be found here. In the last three months, insiders sold 16,490 shares of company stock worth $564,506. Insiders own 11.21% of the company’s stock.

PDF Solutions Company Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.