GAMMA Investing LLC Acquires 34,525 Shares of PDF Solutions, Inc. (NASDAQ:PDFS)

GAMMA Investing LLC raised its position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 3,736.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,449 shares of the technology company's stock after acquiring an additional 34,525 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of PDF Solutions worth $677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PDFS. Empowered Funds LLC purchased a new position in shares of PDF Solutions during the fourth quarter valued at about $165,000. Rhumbline Advisers lifted its position in PDF Solutions by 11.3% during the fourth quarter. Rhumbline Advisers now owns 104,302 shares of the technology company's stock valued at $2,824,000 after purchasing an additional 10,557 shares during the period. Principal Financial Group Inc. lifted its position in shares of PDF Solutions by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 151,362 shares of the technology company's stock valued at $4,099,000 after buying an additional 4,508 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in PDF Solutions by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 270,832 shares of the technology company's stock valued at $7,334,000 after purchasing an additional 6,246 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of PDF Solutions by 7.5% during the 4th quarter. Victory Capital Management Inc. now owns 28,500 shares of the technology company's stock valued at $772,000 after buying an additional 1,999 shares in the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Michael B. Gustafson purchased 7,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $19.45 per share, with a total value of $145,875.00. Following the completion of the transaction, the director now owns 30,074 shares in the company, valued at $584,939.30. This represents a 33.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.09% of the stock is owned by insiders.

PDF Solutions Trading Down 0.1%

NASDAQ PDFS opened at $20.17 on Wednesday. PDF Solutions, Inc. has a 12 month low of $15.91 and a 12 month high of $39.70. The company's 50-day moving average price is $18.76 and its 200-day moving average price is $22.99. The stock has a market cap of $789.45 million, a PE ratio of 672.56 and a beta of 1.43. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.27.

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.

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