PDF Solutions Inc. (NASDAQ:PDFS) shot up 1.6% on Wednesday . The company traded as high as $16.82 and last traded at $16.82, with a volume of 50,121 shares. The stock had previously closed at $16.56.

A number of research firms have weighed in on PDFS. Craig Hallum downgraded shares of PDF Solutions from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Friday, July 29th. Zacks Investment Research downgraded shares of PDF Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th.

The stock has a market cap of $534.68 million and a P/E ratio of 63.42. The company’s 50 day moving average is $15.73 and its 200 day moving average is $13.50.

PDF Solutions (NASDAQ:PDFS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The firm earned $26.70 million during the quarter, compared to the consensus estimate of $25.66 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that PDF Solutions Inc. will post $0.71 earnings per share for the current fiscal year.

In other PDF Solutions news, Director R Stephen Heinrichs purchased 6,118 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 19,187 shares in the company, valued at $273,222.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Cornelis Hartgring sold 15,631 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $16.66, for a total value of $260,412.46. The disclosure for this sale can be found here.

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 SEC. The fund 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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