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

StockNews.com lowered shares of PDF Solutions (NASDAQ:PDFS) from a buy rating to a hold rating in a research note published on Wednesday.

Several other brokerages have also recently issued reports on PDFS. Rosenblatt Securities dropped their target price on PDF Solutions from $37.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. DA Davidson dropped their target price on PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.

PDF Solutions Stock Performance

NASDAQ PDFS opened at $19.70 on Wednesday. PDF Solutions has a one year low of $15.91 and a one year high of $39.70. The stock has a 50-day moving average of $19.04 and a 200 day moving average of $24.81. The company has a market capitalization of $771.04 million, a price-to-earnings 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 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. The business had revenue of $50.09 million during the quarter, compared to the consensus estimate of $49.40 million. On average, equities analysts predict that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael B. Gustafson bought 7,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $19.45 per share, with a total value of $145,875.00. Following the completion of the transaction, the director now owns 30,074 shares of the company’s stock, valued at approximately $584,939.30. This trade represents a 33.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Kachig Kibarian acquired 34,356 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the transaction, the chief executive officer now owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This represents a 1.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 45,856 shares of company stock valued at $1,021,432. Insiders own 11.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of PDF Solutions by 124.1% during the 1st quarter. Signaturefd LLC now owns 1,421 shares of the technology company’s stock valued at $27,000 after buying an additional 787 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of PDF Solutions by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company’s stock valued at $35,000 after buying an additional 931 shares in the last quarter. KBC Group NV lifted its position in shares of PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after buying an additional 956 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of PDF Solutions during the 4th quarter valued at about $136,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of PDF Solutions during the 4th quarter valued at about $160,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

About PDF Solutions

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.