PDF Solutions, Inc. (NASDAQ:PDFS) Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. lowered its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 886,813 shares of the technology company’s stock after selling 97,040 shares during the period. PDF Solutions comprises approximately 1.5% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 29th biggest position. Ranger Investment Management L.P. owned approximately 2.29% of PDF Solutions worth $24,015,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PDFS. Pitcairn Co. grew its holdings in PDF Solutions by 3.1% in the fourth quarter. Pitcairn Co. now owns 13,000 shares of the technology company’s stock valued at $352,000 after purchasing an additional 390 shares during the period. KBC Group NV grew its stake in PDF Solutions by 91.6% in the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after acquiring an additional 956 shares during the period. Swiss National Bank increased its holdings in PDF Solutions by 1.7% in the 4th quarter. Swiss National Bank now owns 61,000 shares of the technology company’s stock worth $1,652,000 after acquiring an additional 1,000 shares in the last quarter. Franklin Resources Inc. raised its position in PDF Solutions by 8.9% during the third quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock worth $394,000 after acquiring an additional 1,025 shares during the period. Finally, LPL Financial LLC lifted its holdings in PDF Solutions by 13.2% during the fourth quarter. LPL Financial LLC now owns 10,101 shares of the technology company’s stock valued at $274,000 after purchasing an additional 1,175 shares in the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Price Performance

PDFS opened at $16.41 on Wednesday. The firm has a market capitalization of $641.86 million, a price-to-earnings ratio of 164.10 and a beta of 1.62. The company’s 50 day simple moving average is $22.41 and its two-hundred day simple moving average is $27.11. PDF Solutions, Inc. has a 1-year low of $15.91 and a 1-year high of $39.70.

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

Analyst Ratings Changes

PDFS has been the topic of several research analyst reports. Rosenblatt Securities lowered their price objective on PDF Solutions from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Northland Securities reaffirmed an “outperform” rating and issued a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th.

Insider Buying and Selling at PDF Solutions

In related news, CEO John Kachig Kibarian bought 34,356 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the acquisition, the chief executive officer now owns 2,507,112 shares of the company’s stock, valued at approximately $57,162,153.60. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael B. Gustafson purchased 4,000 shares of PDF Solutions stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the transaction, the director now directly owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. This represents a 21.54 % increase in their position. The disclosure for this purchase can be found here. 11.13% of the stock is currently owned by company insiders.

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.