PDF Solutions, Inc. (NASDAQ:PDFS) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 70.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,479 shares of the technology company's stock after selling 31,539 shares during the period. M&T Bank Corp's holdings in PDF Solutions were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of PDF Solutions by 100.8% during the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock valued at $35,000 after buying an additional 931 shares during the last quarter. Bank of America Corp DE grew its stake in shares of PDF Solutions by 50.7% in the fourth quarter. Bank of America Corp DE now owns 90,851 shares of the technology company's stock worth $2,460,000 after purchasing an additional 30,548 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of PDF Solutions by 391.4% in the first quarter. SG Americas Securities LLC now owns 20,287 shares of the technology company's stock worth $388,000 after purchasing an additional 16,159 shares during the last quarter. Bridge City Capital LLC bought a new stake in shares of PDF Solutions in the first quarter worth about $1,527,000. Finally, Emerald Advisers LLC grew its stake in shares of PDF Solutions by 3.3% in the fourth quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company's stock worth $25,031,000 after purchasing an additional 29,097 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other PDF Solutions news, Director Michael B. Gustafson acquired 7,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the completion of the purchase, the director owned 30,074 shares in the company, valued at approximately $584,939.30. This trade represents a 33.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 11.09% of the company's stock.

PDF Solutions Trading Down 0.7%

PDF Solutions stock traded down $0.16 during midday trading on Tuesday, reaching $23.72. The stock had a trading volume of 227,907 shares, compared to its average volume of 205,977. 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 52-week low of $15.91 and a 52-week high of $37.80. The firm has a market cap of $928.40 million, a price-to-earnings ratio of 790.93 and a beta of 1.46. The company has a fifty day moving average of $20.51 and a 200 day moving average of $21.76.

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.