Ranger Investment Management L.P. Buys 168,450 Shares of PDF Solutions, Inc. $PDFS

Ranger Investment Management L.P. increased its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 19.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,545 shares of the technology company’s stock after purchasing an additional 168,450 shares during the period. PDF Solutions makes up approximately 1.6% of Ranger Investment Management L.P.’s holdings, making the stock its 26th biggest position. Ranger Investment Management L.P. owned 2.65% of PDF Solutions worth $22,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in shares of PDF Solutions by 328.7% in the 1st quarter. Acadian Asset Management LLC now owns 169,068 shares of the technology company’s stock worth $3,221,000 after purchasing an additional 129,629 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of PDF Solutions by 55.3% during the first quarter. Voya Investment Management LLC now owns 58,955 shares of the technology company’s stock valued at $1,127,000 after purchasing an additional 20,986 shares in the last quarter. Needham Investment Management LLC boosted its position in shares of PDF Solutions by 2.6% during the first quarter. Needham Investment Management LLC now owns 1,865,000 shares of the technology company’s stock valued at $35,640,000 after buying an additional 47,500 shares during the last quarter. Russell Investments Group Ltd. raised its position in PDF Solutions by 33.5% in the 1st quarter. Russell Investments Group Ltd. now owns 259,090 shares of the technology company’s stock worth $4,951,000 after buying an additional 65,065 shares during the last quarter. Finally, Nuveen LLC bought a new position in PDF Solutions during the 1st quarter valued at about $2,628,000. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Stock Performance

PDFS opened at $30.14 on Friday. The company’s 50 day moving average is $27.48 and its 200 day moving average is $23.54. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -3,014.00 and a beta of 1.56. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $32.31.

PDF Solutions (NASDAQ:PDFS) last announced its earnings results on Thursday, November 6th. The technology company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $57.12 million during the quarter, compared to analysts’ expectations of $56.69 million. PDF Solutions had a negative net margin of 0.03% and a positive return on equity of 4.28%. On average, equities research analysts predict that PDF Solutions, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of PDF Solutions from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, December 5th. Rosenblatt Securities raised their target price on shares of PDF Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PDF Solutions in a research report on Monday, December 8th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.