Principal Financial Group Inc. Reduces Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Principal Financial Group Inc. decreased its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFSFree Report) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,341 shares of the technology company’s stock after selling 5,411 shares during the quarter. Principal Financial Group Inc.’s holdings in PDF Solutions were worth $5,454,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. West Tower Group LLC purchased a new position in shares of PDF Solutions in the 2nd quarter valued at about $42,000. Pinebridge Investments L.P. purchased a new position in shares of PDF Solutions in the 2nd quarter valued at about $56,000. Point72 Middle East FZE purchased a new position in shares of PDF Solutions in the 4th quarter valued at about $42,000. Allspring Global Investments Holdings LLC increased its holdings in shares of PDF Solutions by 33.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,700 shares of the technology company’s stock valued at $77,000 after acquiring an additional 424 shares during the last quarter. Finally, UBS Group AG purchased a new position in shares of PDF Solutions in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 72.54% of the company’s stock.

PDF Solutions Stock Up 1.2 %

NASDAQ:PDFS opened at $32.08 on Wednesday. The stock’s 50 day moving average price is $31.41 and its 200 day moving average price is $32.65. The company has a market capitalization of $1.23 billion, a PE ratio of 534.67 and a beta of 1.47. PDF Solutions, Inc. has a 52-week low of $26.12 and a 52-week high of $48.02.

PDF Solutions (NASDAQ:PDFSGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. PDF Solutions had a return on equity of 6.56% and a net margin of 1.63%. The firm had revenue of $42.35 million for the quarter, compared to the consensus estimate of $40.50 million. As a group, sell-side analysts anticipate that PDF Solutions, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet upgraded PDF Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, December 20th.

Get Our Latest Stock Analysis on PDF Solutions

Insiders Place Their Bets

In other PDF Solutions news, Director Nancy Erba sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.57, for a total transaction of $55,026.00. Following the completion of the sale, the director now directly owns 15,739 shares of the company’s stock, valued at approximately $481,141.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael B. Gustafson sold 867 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $31.29, for a total value of $27,128.43. Following the completion of the sale, the director now directly owns 19,075 shares of the company’s stock, valued at approximately $596,856.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy Erba sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.57, for a total value of $55,026.00. Following the completion of the sale, the director now directly owns 15,739 shares of the company’s stock, valued at $481,141.23. The disclosure for this sale can be found here. 11.21% of the stock is owned by insiders.

PDF Solutions Company Profile

(Free Report)

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.

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

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