PDF Solutions (NASDAQ:PDFS) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of PDF Solutions (NASDAQ:PDFS) from a buy rating to a hold rating in a report issued on Wednesday.

PDFS has been the topic of a number of other research reports. Rosenblatt Securities reduced their price objective on PDF Solutions from $37.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. DA Davidson reduced their price objective on PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th.

PDF Solutions Trading Down 3.9%

NASDAQ PDFS opened at $19.70 on Wednesday. The stock’s 50 day moving average is $19.04 and its 200 day moving average is $24.81. PDF Solutions has a 12 month low of $15.91 and a 12 month high of $39.70. The stock has a market cap of $771.04 million, a PE ratio of 197.00 and a beta of 1.47.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The firm had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. On average, analysts forecast that PDF Solutions will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John Kachig Kibarian bought 34,356 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were 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 trade represents a 1.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael B. Gustafson bought 7,500 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the transaction, the director now owns 30,074 shares in the company, valued at approximately $584,939.30. The trade was a 33.22% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 45,856 shares of company stock valued at $1,021,432 in the last quarter. 11.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PDF Solutions

Several large investors have recently modified their holdings of the stock. Needham Investment Management LLC increased its position in shares of PDF Solutions by 2.6% during the 1st quarter. Needham Investment Management LLC now owns 1,865,000 shares of the technology company’s stock valued at $35,640,000 after purchasing an additional 47,500 shares during the last quarter. William Blair Investment Management LLC grew its position in PDF Solutions by 17.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock valued at $28,802,000 after acquiring an additional 161,306 shares during the last quarter. Emerald Advisers LLC grew its position in PDF Solutions by 3.3% in the 4th quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company’s stock valued at $25,031,000 after acquiring an additional 29,097 shares during the last quarter. Dimensional Fund Advisors LP grew its position in PDF Solutions by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company’s stock valued at $24,652,000 after acquiring an additional 34,575 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in PDF Solutions by 14.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company’s stock valued at $11,338,000 after acquiring an additional 53,037 shares during the last quarter. Institutional investors own 79.51% of the company’s stock.

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.