Assenagon Asset Management S.A. Reduces Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Assenagon Asset Management S.A. trimmed its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 65.3% during the first quarter, according to its most recent Form 13F 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 about 0.06% of PDF Solutions worth $443,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PDFS. Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Rosenblatt Securities decreased their price target on PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, DA Davidson decreased their price target on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th.

Insider Activity

In related news, Director Michael B. Gustafson acquired 7,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $19.45 per share, for a total transaction of $145,875.00. Following the transaction, the director now owns 30,074 shares in the company, valued at $584,939.30. This trade represents a 33.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.09% of the company's stock.

PDF Solutions Price Performance

NASDAQ:PDFS traded up $0.26 during trading hours on Monday, hitting $19.82. The company's stock had a trading volume of 185,584 shares, compared to its average volume of 193,899. The business's 50-day moving average is $18.85 and its two-hundred day moving average is $22.68. The company has a market capitalization of $775.75 million, a PE ratio of 660.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.19 and a current ratio of 2.19. PDF Solutions, Inc. has a 52-week low of $15.91 and a 52-week high of $39.70.

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.