PDF Solutions (NASDAQ:PDFS) Rating Lowered 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 morning.

PDFS has been the subject of a number of other reports. DA Davidson dropped their target price on shares of PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th. Rosenblatt Securities dropped their target price on shares of PDF Solutions from $37.00 to $31.00 and set a “buy” rating for the company in a report on Monday, May 5th.

PDF Solutions Trading Up 2.5%

PDF Solutions stock opened at $19.89 on Wednesday. The firm has a 50-day moving average of $19.09 and a 200-day moving average of $24.95. The firm has a market cap of $778.47 million, a P/E ratio of 198.90 and a beta of 1.47. PDF Solutions has a 1-year low of $15.91 and a 1-year high of $39.70.

PDF Solutions (NASDAQ:PDFS) last posted its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). The firm 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%. Research analysts forecast that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PDF Solutions news, Director Michael B. Gustafson bought 4,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $23.06 per share, with a total value of $92,240.00. Following the completion of the purchase, the director now owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. This trade represents a 21.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Kachig Kibarian bought 34,356 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now directly owns 2,507,112 shares of the company’s stock, valued at approximately $57,162,153.60. This represents a 1.39% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 45,856 shares of company stock worth $1,021,432 over the last three months. Company insiders own 11.13% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in PDFS. JPMorgan Chase & Co. increased its stake in shares of PDF Solutions by 41.9% during the third quarter. JPMorgan Chase & Co. now owns 74,075 shares of the technology company’s stock valued at $2,347,000 after purchasing an additional 21,877 shares in the last quarter. Inspire Investing LLC increased its position in shares of PDF Solutions by 13.7% during the fourth quarter. Inspire Investing LLC now owns 14,848 shares of the technology company’s stock valued at $402,000 after acquiring an additional 1,793 shares in the last quarter. KBC Group NV increased its position in shares of PDF Solutions by 91.6% during the fourth 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 in the last quarter. Empowered Funds LLC bought a new stake in shares of PDF Solutions during the fourth quarter valued at approximately $165,000. Finally, Rhumbline Advisers increased its position in shares of PDF Solutions by 11.3% during the fourth quarter. Rhumbline Advisers now owns 104,302 shares of the technology company’s stock valued at $2,824,000 after acquiring an additional 10,557 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

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.