Wasatch Advisors LP Sells 22,957 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Wasatch Advisors LP decreased its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 1,251,706 shares of the technology company’s stock after selling 22,957 shares during the quarter. Wasatch Advisors LP’s holdings in PDF Solutions were worth $39,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PDFS. Vanguard Group Inc. raised its position in PDF Solutions by 2.5% in the first quarter. Vanguard Group Inc. now owns 3,168,212 shares of the technology company’s stock worth $106,674,000 after acquiring an additional 78,543 shares during the period. Dimensional Fund Advisors LP raised its position in PDF Solutions by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 917,627 shares of the technology company’s stock worth $33,383,000 after acquiring an additional 16,853 shares during the period. Emerald Advisers LLC raised its position in PDF Solutions by 2.2% in the third quarter. Emerald Advisers LLC now owns 895,248 shares of the technology company’s stock worth $28,361,000 after acquiring an additional 19,673 shares during the period. William Blair Investment Management LLC raised its position in PDF Solutions by 13.9% in the second quarter. William Blair Investment Management LLC now owns 743,635 shares of the technology company’s stock worth $27,053,000 after acquiring an additional 90,789 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its position in PDF Solutions by 1.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 728,144 shares of the technology company’s stock worth $23,068,000 after acquiring an additional 12,224 shares during the period. Institutional investors own 79.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PDFS. DA Davidson reiterated a “buy” rating and issued a $42.00 price target on shares of PDF Solutions in a research report on Wednesday, August 28th. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of PDF Solutions in a research report on Friday, November 8th.

PDF Solutions Price Performance

Shares of PDFS stock opened at $31.60 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 287.30 and a beta of 1.49. PDF Solutions, Inc. has a one year low of $27.69 and a one year high of $39.70. The company’s fifty day moving average price is $30.46 and its 200-day moving average price is $32.44.

PDF Solutions Company Profile

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.