Ranger Investment Management L.P. Purchases 253,393 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Ranger Investment Management L.P. lifted its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 49.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 769,650 shares of the technology company’s stock after purchasing an additional 253,393 shares during the quarter. Ranger Investment Management L.P. owned about 2.01% of PDF Solutions worth $24,737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of PDF Solutions during the fourth quarter worth about $26,000. Quantbot Technologies LP bought a new position in shares of PDF Solutions in the 3rd quarter worth $35,000. Quest Partners LLC purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $72,000. DekaBank Deutsche Girozentrale bought a new stake in shares of PDF Solutions during the 3rd quarter worth $110,000. Finally, PNC Financial Services Group Inc. grew its position in PDF Solutions by 77.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,607 shares of the technology company’s stock worth $149,000 after acquiring an additional 2,011 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Insider Buying and Selling

In other news, CFO Adnan Raza sold 9,647 shares of PDF Solutions stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $33.95, for a total transaction of $327,515.65. Following the sale, the chief financial officer now owns 48,218 shares of the company’s stock, valued at approximately $1,637,001.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Adnan Raza sold 9,647 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $33.95, for a total value of $327,515.65. Following the completion of the transaction, the chief financial officer now owns 48,218 shares in the company, valued at approximately $1,637,001.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shuo Zhang sold 5,500 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $34.66, for a total value of $190,630.00. Following the completion of the sale, the director now directly owns 10,381 shares in the company, valued at $359,805.46. The disclosure for this sale can be found here. Insiders sold 16,490 shares of company stock valued at $564,506 over the last quarter. 11.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PDFS shares. StockNews.com downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a report on Friday, May 10th. Finally, DA Davidson upped their target price on PDF Solutions from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th.

PDF Solutions Stock Performance

Shares of NASDAQ PDFS traded down $0.62 during mid-day trading on Friday, hitting $34.17. The stock had a trading volume of 113,757 shares, compared to its average volume of 148,367. The business has a 50 day moving average price of $33.03 and a two-hundred day moving average price of $32.61. PDF Solutions, Inc. has a 1 year low of $26.12 and a 1 year high of $48.02. The firm has a market cap of $1.31 billion, a P/E ratio of 683.40 and a beta of 1.51.

PDF Solutions (NASDAQ:PDFS) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). The business had revenue of $41.31 million for the quarter, compared to analysts’ expectations of $41.20 million. PDF Solutions had a net margin of 1.42% and a return on equity of 4.83%. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities research analysts predict that PDF Solutions, Inc. will post 0.34 EPS for the current fiscal year.

PDF Solutions 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.