Principal Financial Group Inc. Sells 5,889 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Principal Financial Group Inc. trimmed its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,854 shares of the technology company’s stock after selling 5,889 shares during the quarter. Principal Financial Group Inc.’s holdings in PDF Solutions were worth $4,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of PDF Solutions by 20.9% during the 1st quarter. Janus Henderson Group PLC now owns 562,326 shares of the technology company’s stock valued at $18,934,000 after buying an additional 97,060 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of PDF Solutions by 13.9% in the 2nd quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after buying an additional 90,789 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PDF Solutions by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 3,168,212 shares of the technology company’s stock valued at $106,674,000 after purchasing an additional 78,543 shares during the last quarter. Herald Investment Management Ltd bought a new position in shares of PDF Solutions during the 2nd quarter valued at $2,725,000. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of PDF Solutions by 20.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 291,536 shares of the technology company’s stock valued at $9,816,000 after purchasing an additional 50,325 shares during the last quarter. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PDFS. DA Davidson restated a “buy” rating and issued a $42.00 price objective on shares of PDF Solutions in a research report on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a research note on Friday, November 8th. Finally, StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

PDF Solutions Stock Performance

NASDAQ PDFS opened at $30.92 on Friday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 274.66 and a beta of 1.49. The company’s 50-day simple moving average is $30.23 and its two-hundred day simple moving average is $32.55. PDF Solutions, Inc. has a one year low of $27.69 and a one year high of $39.70.

About PDF Solutions

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.