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

GAMMA Investing LLC raised its stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 3,736.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,449 shares of the technology company's stock after purchasing 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 reporting period.

A number of other hedge funds have also recently bought and sold shares of PDFS. William Blair Investment Management LLC grew its stake in PDF Solutions by 17.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock valued at $28,802,000 after purchasing an additional 161,306 shares in the last quarter. Raymond James Financial Inc. bought a new position in PDF Solutions in the fourth quarter valued at approximately $2,482,000. Needham Investment Management LLC grew its stake 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 valued at $49,218,000 after purchasing an additional 57,950 shares in the last quarter. Thrivent Financial for Lutherans grew its stake 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 purchasing an additional 53,037 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in PDF Solutions by 113.6% in the fourth quarter. Renaissance Technologies LLC now owns 83,100 shares of the technology company's stock valued at $2,250,000 after purchasing an additional 44,200 shares in the last quarter. 79.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PDFS shares. 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 research note on Monday, April 14th. Rosenblatt Securities reduced their target price on PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Wall Street Zen downgraded PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th.

Insider Transactions at PDF Solutions

In other news, Director Michael B. Gustafson purchased 7,500 shares of PDF Solutions stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired 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 of the company's stock, valued at $584,939.30. This trade represents a 33.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.09% of the stock is currently owned by corporate insiders.

PDF Solutions Stock Performance

Shares of NASDAQ PDFS traded down $0.34 during midday trading on Friday, hitting $19.56. 379,439 shares of the company's stock were exchanged, compared to its average volume of 193,932. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.27. 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 $18.85 and its 200 day moving average price is $22.74. The firm has a market capitalization of $765.58 million, a PE ratio of 652.22 and a beta of 1.43.

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.