PDF Solutions (NASDAQ:PDFS) Price Target Cut to $31.00 by Analysts at Rosenblatt Securities

PDF Solutions (NASDAQ:PDFS) had its price target reduced by Rosenblatt Securities from $37.00 to $31.00 in a research note released on Monday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on PDFS. StockNews.com raised shares of PDF Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. DA Davidson cut their price target on PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, April 14th.

PDF Solutions Trading Down 0.8 %

Shares of NASDAQ PDFS opened at $19.03 on Monday. PDF Solutions has a twelve month low of $15.91 and a twelve month high of $39.70. The firm has a 50-day moving average of $19.46 and a two-hundred day moving average of $25.37. The company has a market capitalization of $744.34 million, a price-to-earnings ratio of 190.30 and a beta of 1.62.

PDF Solutions (NASDAQ:PDFS) last released its quarterly 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 firm had revenue of $50.09 million for the quarter, compared to analyst estimates of $49.40 million. PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. As a group, research analysts predict that PDF Solutions will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO John Kachig Kibarian purchased 34,356 shares of the business’s stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $22.80 per share, with a total value of $783,316.80. Following the acquisition, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. The trade was a 1.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael B. Gustafson acquired 4,000 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. Company insiders own 11.13% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently modified their holdings of PDFS. Signaturefd LLC increased its position in shares of PDF Solutions by 124.1% during the 1st quarter. Signaturefd LLC now owns 1,421 shares of the technology company’s stock worth $27,000 after purchasing an additional 787 shares in the last quarter. GAMMA Investing LLC grew its position in PDF Solutions by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company’s stock worth $35,000 after acquiring an additional 931 shares during the last quarter. KBC Group NV increased its holdings in PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company’s stock valued at $54,000 after purchasing an additional 956 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in PDF Solutions during the 4th quarter valued at $136,000. Finally, KLP Kapitalforvaltning AS bought a new position in PDF Solutions in the 4th quarter valued at $160,000. Institutional investors own 79.51% of the company’s stock.

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.