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

M&T Bank Corp cut its stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 70.1% in the 1st quarter, according to its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in PDF Solutions by 100.8% in the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock worth $35,000 after purchasing an additional 931 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 lifted its stake in 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 PDF Solutions in the first quarter worth $1,527,000. Finally, Emerald Advisers LLC lifted its stake in 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. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

PDF Solutions Stock Up 0.3%

Shares of NASDAQ:PDFS traded up $0.06 during trading on Friday, reaching $23.58. 239,436 shares of the stock traded hands, compared to its average volume of 205,621. The stock has a 50-day moving average of $20.51 and a two-hundred day moving average of $21.79. PDF Solutions, Inc. has a 52-week low of $15.91 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market cap of $922.92 million, a P/E ratio of 786.26 and a beta of 1.46.

Wall Street Analyst Weigh In

PDFS has been the subject of several recent analyst reports. DA Davidson lowered their price objective on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, 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.

Insider Activity at PDF Solutions

In other PDF Solutions news, Director Michael B. Gustafson acquired 7,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of $19.45 per share, with a total value of $145,875.00. Following the transaction, the director directly owned 30,074 shares in the company, valued at approximately $584,939.30. The trade was a 33.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.09% of the stock is currently owned by 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.