Arizona State Retirement System Makes New Investment in PDF Solutions, Inc. (NASDAQ:PDFS)

Arizona State Retirement System acquired a new position in shares of PDF Solutions, Inc. (NASDAQ:PDFS – Get Rating) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,342 shares of the technology company’s stock, valued at approximately $238,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in PDF Solutions by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,275,685 shares of the technology company’s stock worth $55,822,000 after acquiring an additional 131,134 shares during the period. Cowen Prime Advisors LLC increased its stake in PDF Solutions by 1.4% during the 4th quarter. Cowen Prime Advisors LLC now owns 1,431,404 shares of the technology company’s stock worth $40,824,000 after acquiring an additional 19,776 shares during the period. Dimensional Fund Advisors LP increased its stake in PDF Solutions by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,028,982 shares of the technology company’s stock worth $28,679,000 after acquiring an additional 14,417 shares during the period. Wasatch Advisors Inc. bought a new position in PDF Solutions during the 1st quarter worth $28,198,000. Finally, State Street Corp increased its stake in PDF Solutions by 2.8% during the 2nd quarter. State Street Corp now owns 1,005,011 shares of the technology company’s stock worth $21,618,000 after acquiring an additional 27,731 shares during the period. Institutional investors own 70.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PDFS. Rosenblatt Securities raised their price objective on PDF Solutions from $33.00 to $37.50 and gave the stock a “buy” rating in a research note on Friday, February 17th. DA Davidson lifted their price target on PDF Solutions from $40.00 to $45.00 in a research note on Wednesday, May 10th. StockNews.com initiated coverage on PDF Solutions in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Northland Securities lifted their price target on PDF Solutions from $40.00 to $50.00 in a research note on Thursday, March 16th.

Insider Activity at PDF Solutions

In related news, CFO Adnan Raza sold 15,547 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $37.64, for a total transaction of $585,189.08. Following the sale, the chief financial officer now owns 75,000 shares of the company’s stock, valued at approximately $2,823,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Adnan Raza sold 15,547 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $37.64, for a total transaction of $585,189.08. Following the sale, the chief financial officer now owns 75,000 shares of the company’s stock, valued at approximately $2,823,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrzej Strojwas sold 2,520 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $38.45, for a total value of $96,894.00. Following the sale, the insider now directly owns 87,139 shares in the company, valued at approximately $3,350,494.55. The disclosure for this sale can be found here. Insiders have sold a total of 31,383 shares of company stock valued at $1,178,237 in the last 90 days. 11.40% of the stock is owned by corporate insiders.

PDF Solutions Stock Performance

Shares of PDFS opened at $39.28 on Wednesday. PDF Solutions, Inc. has a 52-week low of $19.34 and a 52-week high of $43.25. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 1,309.77 and a beta of 1.43. The business’s fifty day moving average is $39.40 and its 200-day moving average is $34.39.

PDF Solutions Company Profile

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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.