PDF Solutions (NASDAQ:PDFS) Lowered to “Hold” Rating by StockNews.com

PDF Solutions (NASDAQ:PDFS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

PDFS has been the subject of several other research reports. Northland Securities reiterated an “outperform” rating and set a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th. 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 report on Monday. Finally, Rosenblatt Securities decreased 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.

PDF Solutions Stock Performance

NASDAQ PDFS traded down $0.34 on Monday, reaching $17.95. The company’s stock had a trading volume of 260,199 shares, compared to its average volume of 181,345. The stock has a market cap of $702.10 million, a PE ratio of 179.50 and a beta of 1.62. PDF Solutions has a twelve month low of $15.91 and a twelve month high of $39.70. The firm’s 50 day moving average is $21.71 and its two-hundred day moving average is $26.76.

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

Insider Activity

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

Institutional Trading of PDF Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in PDF Solutions by 388.4% in the third quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock valued at $1,757,000 after purchasing an additional 44,111 shares during the period. State Street Corp increased its position in PDF Solutions by 2.1% in the 3rd quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock valued at $36,357,000 after buying an additional 23,148 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $2,347,000 after purchasing an additional 21,877 shares during the period. William Blair Investment Management LLC raised its holdings in PDF Solutions by 17.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company’s stock worth $28,802,000 after buying an additional 161,306 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in PDF Solutions by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company’s stock valued at $394,000 after acquiring an additional 1,025 shares in the last quarter. 79.51% of the stock is currently owned by 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.