PDF Solutions (NASDAQ:PDFS) Upgraded at StockNews.com

PDF Solutions (NASDAQ:PDFS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other brokerages have also recently issued reports on PDFS. Rosenblatt Securities decreased their target price on PDF Solutions from $37.00 to $31.00 and set a “buy” rating for the company in a research report on Monday. DA Davidson decreased their price objective on PDF Solutions from $36.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 14th.

PDF Solutions Stock Down 0.8 %

Shares of PDFS opened at $19.03 on Tuesday. PDF Solutions has a 52-week low of $15.91 and a 52-week high of $39.70. The stock has a 50 day moving average price of $19.46 and a 200 day moving average price 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 posted its earnings results on Thursday, February 13th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. The company had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $49.40 million. On average, equities analysts anticipate that PDF Solutions will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Kachig Kibarian acquired 34,356 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought 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 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael B. Gustafson bought 4,000 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 22,574 shares of the company’s stock, valued at approximately $520,556.44. This trade represents a 21.54 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.13% of the company’s stock.

Hedge Funds Weigh In On PDF Solutions

Large investors have recently bought and sold shares of the company. 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 purchasing an additional 161,306 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $2,482,000. Bridge City Capital LLC acquired a new position in PDF Solutions during the first quarter worth $1,527,000. Needham Investment Management LLC raised its position in PDF Solutions by 3.3% in the fourth quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company’s stock worth $49,218,000 after acquiring an additional 57,950 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in PDF Solutions by 14.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company’s stock valued at $11,338,000 after acquiring an additional 53,037 shares during the period. Hedge funds and other institutional investors own 79.51% 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.