PDF Solutions Inc. (NASDAQ:PDFS) was down 2.7% during trading on Thursday . The company traded as low as $15.30 and last traded at $15.38, with a volume of 52,396 shares. The stock had previously closed at $15.80.

Separately, Zacks Investment Research cut PDF Solutions from a “hold” rating to a “sell” rating in a research report on Friday, May 6th.

The company has a market capitalization of $493.22 million and a P/E ratio of 58.27. The firm’s 50-day moving average is $14.35 and its 200 day moving average is $12.57.

PDF Solutions (NASDAQ:PDFS) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $25.08 million for the quarter, compared to analysts’ expectations of $25.14 million. PDF Solutions’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities analysts predict that PDF Solutions Inc. will post $0.77 EPS for the current year.

In other PDF Solutions news, Director R Stephen Heinrichs acquired 6,118 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were acquired at an average price of $14.24 per share, for a total transaction of $87,120.32. Following the acquisition, the director now owns 19,187 shares in the company, valued at approximately $273,222.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

An institutional investor recently raised its position in PDF Solutions stock. Royce & Associates LLC raised its position in shares of PDF Solutions Inc. (NASDAQ:PDFS) by 108.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 457,700 shares of the company’s stock after buying an additional 237,700 shares during the period. Royce & Associates LLC owned approximately 1.46% of PDF Solutions worth $4,961,000 at the end of the most recent quarter.

PDF Solutions, Inc is a provider of infrastructure technologies and services for integrated circuits (IC). The Company’s technologies and services focus on the IC manufacturing process life cycle. It operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers.

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