Needham Investment Management LLC Sells 53,550 Shares of PDF Solutions, Inc. $PDFS

Needham Investment Management LLC cut its holdings in PDF Solutions, Inc. (NASDAQ:PDFS) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,965,000 shares of the technology company’s stock after selling 53,550 shares during the quarter. PDF Solutions comprises about 3.5% of Needham Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Needham Investment Management LLC owned 4.97% of PDF Solutions worth $56,061,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC grew its position in PDF Solutions by 595.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 451,788 shares of the technology company’s stock worth $11,665,000 after buying an additional 386,788 shares during the last quarter. Cannell Capital LLC bought a new stake in shares of PDF Solutions in the 3rd quarter valued at approximately $8,709,000. Roubaix Capital LLC bought a new stake in PDF Solutions in the third quarter worth approximately $5,328,000. Squarepoint Ops LLC lifted its stake in shares of PDF Solutions by 378.6% in the 3rd quarter. Squarepoint Ops LLC now owns 254,511 shares of the technology company’s stock valued at $6,571,000 after purchasing an additional 201,337 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in PDF Solutions by 13.7% during the third quarter. William Blair Investment Management LLC now owns 1,349,441 shares of the technology company’s stock worth $34,843,000 after buying an additional 162,358 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Analyst Ratings Changes

PDFS has been the topic of a number of recent analyst reports. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. DA Davidson reissued a “buy” rating and set a $56.00 target price on shares of PDF Solutions in a research report on Monday, May 18th. Weiss Ratings upgraded shares of PDF Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $52.00 price objective on shares of PDF Solutions in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.00.

PDF Solutions Trading Up 1.5%

Shares of NASDAQ PDFS opened at $65.09 on Tuesday. PDF Solutions, Inc. has a 1-year low of $18.12 and a 1-year high of $66.98. The company has a 50-day moving average of $47.03 and a two-hundred day moving average of $37.08. The company has a market cap of $2.60 billion, a PE ratio of 361.63 and a beta of 1.71. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.23.

PDF Solutions (NASDAQ:PDFS) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $60.13 million for the quarter, compared to the consensus estimate of $59.71 million. PDF Solutions had a return on equity of 6.48% and a net margin of 3.10%. As a group, equities analysts expect that PDF Solutions, Inc. will post 0.67 earnings per share for the current fiscal year.

PDF Solutions Company Profile

PDF Solutions, Inc, headquartered in Santa Clara, California, is a technology company that provides data-driven solutions for the semiconductor manufacturing industry. Founded in 1991, the company specializes in software and services designed to improve yield, productivity and profitability for semiconductor fabricators. Over its history, PDF Solutions has positioned itself as a partner to foundries, integrated device manufacturers (IDMs), assembly and test operations, offering tailored data analytics and engineering expertise.

The company’s flagship offering, the Exensio platform, aggregates and analyzes data from process equipment, metrology and inspection systems to identify yield-limiting defects and process excursions.