Rhumbline Advisers Trims Stock Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Rhumbline Advisers decreased its position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 18.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,435 shares of the technology company's stock after selling 18,867 shares during the quarter. Rhumbline Advisers owned 0.22% of PDF Solutions worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in PDF Solutions by 3,736.5% in the 1st quarter. GAMMA Investing LLC now owns 35,449 shares of the technology company's stock worth $677,000 after buying an additional 34,525 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in PDF Solutions by 44.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,364 shares of the technology company's stock worth $389,000 after buying an additional 4,393 shares during the last quarter. Delta Investment Management LLC bought a new stake in PDF Solutions in the 4th quarter worth approximately $369,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PDF Solutions by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,725 shares of the technology company's stock worth $1,780,000 after buying an additional 4,781 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in PDF Solutions by 33.3% in the 4th quarter. Squarepoint Ops LLC now owns 88,366 shares of the technology company's stock worth $2,393,000 after buying an additional 22,063 shares during the last quarter. Institutional investors own 79.51% of the company's stock.

PDF Solutions Trading Down 1.7%

PDF Solutions stock traded down $0.34 during trading hours on Friday, reaching $19.56. The company had a trading volume of 379,439 shares, compared to its average volume of 193,932. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.19 and a quick ratio of 2.19. The company has a 50-day moving average price of $18.85 and a 200 day moving average price of $22.74. The firm has a market cap of $765.58 million, a price-to-earnings ratio of 652.22 and a beta of 1.43. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $39.70.

Insider Activity

In other PDF Solutions news, Director Michael B. Gustafson bought 7,500 shares of PDF Solutions stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $19.45 per share, with a total value of $145,875.00. Following the completion of the purchase, the director now owns 30,074 shares of the company's stock, valued at approximately $584,939.30. This represents a 33.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on PDFS. Wall Street Zen cut PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. DA Davidson decreased their price target on PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Rosenblatt Securities decreased their price target on PDF Solutions from $37.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, May 5th.

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.