Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,966 shares of the technology company’s stock after selling 4,641 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.28% of PDF Solutions worth $3,389,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PDFS. Louisiana State Employees Retirement System boosted its holdings in shares of PDF Solutions by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $564,000 after purchasing an additional 300 shares during the period. GAMMA Investing LLC boosted its stake in PDF Solutions by 98.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the technology company’s stock worth $35,000 after buying an additional 479 shares during the period. Dana Investment Advisors Inc. increased its position in PDF Solutions by 0.9% during the second quarter. Dana Investment Advisors Inc. now owns 54,664 shares of the technology company’s stock valued at $1,989,000 after acquiring an additional 491 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of PDF Solutions by 34.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the technology company’s stock worth $65,000 after acquiring an additional 526 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of PDF Solutions during the 2nd quarter worth about $25,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Stock Performance

NASDAQ:PDFS opened at $31.11 on Monday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 282.84 and a beta of 1.49. The firm’s fifty day moving average is $30.32 and its two-hundred day moving average is $32.53. PDF Solutions, Inc. has a one year low of $27.69 and a one year high of $39.70.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PDFS shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of PDF Solutions in a research report on Friday, November 8th. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, DA Davidson reiterated a “buy” rating and set a $42.00 price objective on shares of PDF Solutions in a report on Wednesday, August 28th.

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.