Connor Clark & Lunn Investment Management Ltd. Has $4.02 Million Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 38.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,572 shares of the technology company’s stock after purchasing an additional 41,606 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.38% of PDF Solutions worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in PDF Solutions in the 3rd quarter worth approximately $37,000. KBC Group NV raised its position in PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock worth $54,000 after purchasing an additional 956 shares during the last quarter. Empowered Funds LLC bought a new position in PDF Solutions in the 4th quarter worth approximately $165,000. Franklin Resources Inc. raised its position in PDF Solutions by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock worth $394,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Inspire Investing LLC raised its position in PDF Solutions by 13.7% in the 4th quarter. Inspire Investing LLC now owns 14,848 shares of the technology company’s stock worth $402,000 after purchasing an additional 1,793 shares during the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PDFS has been the subject of several research analyst reports. Northland Securities restated an “outperform” rating and issued a $45.00 price objective on shares of PDF Solutions in a research report on Tuesday, December 24th. Rosenblatt Securities dropped their target price on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

PDF Solutions Stock Performance

Shares of PDF Solutions stock opened at $21.67 on Monday. The firm has a fifty day moving average of $25.36 and a two-hundred day moving average of $28.36. The stock has a market capitalization of $847.60 million, a price-to-earnings ratio of 216.70 and a beta of 1.59. PDF Solutions, Inc. has a 52 week low of $20.78 and a 52 week high of $39.70.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). The business had revenue of $50.09 million for the quarter, compared to the consensus estimate of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. As a group, research analysts forecast that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at PDF Solutions

In other news, Director Michael B. Gustafson acquired 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the transaction, the director now directly owns 22,574 shares in the company, valued at approximately $520,556.44. This represents a 21.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John Kachig Kibarian acquired 34,356 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the transaction, the chief executive officer now owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is owned by corporate insiders.

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.