Silvercrest Asset Management Group LLC Sells 2,777 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Silvercrest Asset Management Group LLC cut its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 290,641 shares of the technology company’s stock after selling 2,777 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in PDF Solutions were worth $7,871,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pitcairn Co. lifted its stake in PDF Solutions by 3.1% in the fourth quarter. Pitcairn Co. now owns 13,000 shares of the technology company’s stock worth $352,000 after purchasing an additional 390 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of PDF Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,712 shares of the technology company’s stock worth $480,000 after buying an additional 642 shares during the period. KBC Group NV lifted its stake 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 worth $54,000 after acquiring an additional 956 shares during the last quarter. Swiss National Bank boosted its holdings in PDF Solutions by 1.7% during the 4th quarter. Swiss National Bank now owns 61,000 shares of the technology company’s stock valued at $1,652,000 after acquiring an additional 1,000 shares during the period. Finally, MetLife Investment Management LLC grew its position in PDF Solutions by 6.6% in the 4th quarter. MetLife Investment Management LLC now owns 18,994 shares of the technology company’s stock valued at $514,000 after acquiring an additional 1,173 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PDFS has been the subject of several research analyst reports. StockNews.com downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Rosenblatt Securities decreased their price objective 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. Finally, DA Davidson dropped their target price on shares of PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 14th.

PDF Solutions Trading Down 3.9%

PDFS opened at $19.70 on Monday. 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, Inc. has a 12-month low of $15.91 and a 12-month high of $39.70. The business’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $24.76.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (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 for the quarter, compared to the consensus estimate of $49.40 million. On average, equities research analysts predict that PDF Solutions, Inc. will post 0.32 EPS for the current year.

Insider Transactions at PDF Solutions

In other news, Director Michael B. Gustafson acquired 4,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $23.06 per share, with a total value of $92,240.00. Following the transaction, the director now directly owns 22,574 shares in the company, valued at approximately $520,556.44. This represents a 21.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Kachig Kibarian bought 34,356 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $22.80 per share, with a total value of $783,316.80. Following the transaction, the chief executive officer now directly owns 2,507,112 shares of the company’s stock, valued at $57,162,153.60. The trade was a 1.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 45,856 shares of company stock valued at $1,021,432. Company insiders own 11.09% 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.