PDF Solutions, Inc. (NASDAQ:PDFS) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,246 shares of the technology company’s stock after selling 12,926 shares during the period. Invesco Ltd. owned 0.23% of PDF Solutions worth $2,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PDFS. William Blair Investment Management LLC raised its position in PDF Solutions by 17.9% during the 4th 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. Emerald Advisers LLC raised its position in PDF Solutions by 3.3% during the 4th quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company’s stock worth $25,031,000 after buying an additional 29,097 shares during the last quarter. Thrivent Financial for Lutherans raised its position in PDF Solutions by 14.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company’s stock worth $11,338,000 after buying an additional 53,037 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in PDF Solutions by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 270,832 shares of the technology company’s stock worth $7,334,000 after buying an additional 6,246 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in PDF Solutions by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 151,362 shares of the technology company’s stock worth $4,099,000 after buying an additional 4,508 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors and hedge funds.

PDF Solutions Stock Down 1.5 %

PDFS stock opened at $18.48 on Tuesday. The company’s 50-day simple moving average is $19.90 and its 200-day simple moving average is $25.76. PDF Solutions, Inc. has a 52-week low of $15.91 and a 52-week high of $39.70. The firm has a market cap of $722.83 million, a P/E ratio of 184.80 and a beta of 1.62.

PDF Solutions (NASDAQ:PDFS) last posted 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). 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%. On average, analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at PDF Solutions

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 shares were acquired at an average cost of $23.06 per share, with a total value of $92,240.00. Following the purchase, the director now directly owns 22,574 shares of the company’s stock, valued at $520,556.44. This trade represents a 21.54 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available 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 stock was acquired at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This represents a 1.39 % 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 corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reduced their price target on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 14th. StockNews.com upgraded shares of PDF Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Finally, DA Davidson decreased their price objective on shares of PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

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.