Needham Investment Management LLC Acquires 47,500 Shares of PDF Solutions, Inc. $PDFS

Key Points

• Needham Investment Management LLC increased its stake in PDF Solutions, Inc. by 2.6% in Q1, making it the firm's 3rd largest position with 1,865,000 shares valued at approximately $35.6 million.
• Several other investors also acquired positions in PDF Solutions during the same period, indicating a rising interest with 79.51% of the stock owned by institutional investors.
• Analysts have mixed ratings on PDF Solutions, with a consensus rating of "Moderate Buy" and a price target of $33.33, despite a recent downgrade from some brokerages.

Needham Investment Management LLC raised its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,865,000 shares of the technology company's stock after acquiring an additional 47,500 shares during the period. PDF Solutions makes up 3.3% of Needham Investment Management LLC's investment portfolio, making the stock its 3rd biggest holding. Needham Investment Management LLC owned 4.77% of PDF Solutions worth $35,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of PDF Solutions during the 1st quarter worth approximately $2,628,000. Herald Investment Management Ltd raised its stake in shares of PDF Solutions by 166.7% during the 1st quarter. Herald Investment Management Ltd now owns 200,000 shares of the technology company's stock worth $3,822,000 after buying an additional 125,000 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in shares of PDF Solutions during the 1st quarter worth approximately $2,076,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PDF Solutions by 68.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 250,159 shares of the technology company's stock worth $4,781,000 after buying an additional 101,587 shares in the last quarter. Finally, CenterBook Partners LP raised its stake in shares of PDF Solutions by 329.9% during the 1st quarter. CenterBook Partners LP now owns 116,911 shares of the technology company's stock worth $2,234,000 after buying an additional 89,718 shares in the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PDFS shares. Rosenblatt Securities reissued a "buy" rating and set a $31.00 target price on shares of PDF Solutions in a research note on Tuesday, August 5th. DA Davidson upgraded PDF Solutions to a "hold" rating in a report on Monday, August 18th. Finally, Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.33.

PDF Solutions Price Performance

NASDAQ:PDFS traded down $0.78 during trading hours on Wednesday, reaching $19.33. 250,684 shares of the company traded hands, compared to its average volume of 254,259. The firm's 50-day moving average is $21.59 and its 200-day moving average is $20.29. The stock has a market cap of $763.34 million, a P/E ratio of 966.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.37 and a quick ratio of 2.37. PDF Solutions, Inc. has a 1-year low of $15.91 and a 1-year high of $33.42.

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.