Assenagon Asset Management S.A. Sells 43,659 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

Assenagon Asset Management S.A. reduced its position in PDF Solutions, Inc. (NASDAQ:PDFS) by 65.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,204 shares of the technology company’s stock after selling 43,659 shares during the period. Assenagon Asset Management S.A. owned 0.06% of PDF Solutions worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company’s stock worth $35,000 after acquiring an additional 931 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in PDF Solutions during the fourth quarter worth about $136,000. KLP Kapitalforvaltning AS bought a new stake in PDF Solutions during the fourth quarter worth about $160,000. Empowered Funds LLC bought a new stake in PDF Solutions during the fourth quarter worth about $165,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in PDF Solutions during the fourth quarter worth about $232,000. 79.51% of the stock is owned by institutional investors and hedge funds.

PDF Solutions Trading Down 1.3%

Shares of PDFS stock opened at $19.90 on Friday. The stock’s fifty day moving average price is $18.82 and its two-hundred day moving average price is $22.88. The company has a market cap of $778.89 million, a PE ratio of 663.55 and a beta of 1.43. PDF Solutions, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $39.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.19 and a current ratio of 2.19.

Analyst Ratings Changes

Several research firms have recently commented on PDFS. Wall Street Zen downgraded PDF Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. DA Davidson decreased their target price on PDF Solutions from $36.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Rosenblatt Securities decreased their target price on PDF Solutions from $37.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, May 5th.

Insider Activity at PDF Solutions

In other news, Director Michael B. Gustafson bought 7,500 shares of PDF Solutions stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the purchase, the director now directly owns 30,074 shares in the company, valued at approximately $584,939.30. This represents a 33.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.09% of the stock is currently owned by company insiders.

PDF Solutions 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.