Bank of New York Mellon Corp Purchases 5,640 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Bank of New York Mellon Corp boosted its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 241,651 shares of the technology company’s stock after purchasing an additional 5,640 shares during the period. Bank of New York Mellon Corp owned about 0.63% of PDF Solutions worth $8,791,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. NBC Securities Inc. acquired a new stake in PDF Solutions in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC lifted its stake in shares of PDF Solutions by 98.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the technology company’s stock valued at $35,000 after acquiring an additional 479 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of PDF Solutions during the 4th quarter valued at $72,000. ProShare Advisors LLC bought a new stake in PDF Solutions during the 1st quarter worth $210,000. Finally, PNC Financial Services Group Inc. increased its holdings in PDF Solutions by 67.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,692 shares of the technology company’s stock worth $247,000 after purchasing an additional 3,085 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “buy” rating and issued a $42.00 price target on shares of PDF Solutions in a research report on Wednesday, August 28th.

PDF Solutions Trading Up 1.0 %

NASDAQ PDFS opened at $28.33 on Wednesday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 566.60 and a beta of 1.49. The business has a fifty day simple moving average of $33.03 and a 200 day simple moving average of $33.41. PDF Solutions, Inc. has a 12 month low of $26.12 and a 12 month high of $39.70.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, August 8th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $41.66 million for the quarter, compared to analysts’ expectations of $41.60 million. PDF Solutions had a negative net margin of 1.67% and a positive return on equity of 2.78%. As a group, sell-side analysts predict that PDF Solutions, Inc. will post 0.36 EPS for the current fiscal year.

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.