Royce & Associates LP Reduces Stock Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Key Points

• Royce & Associates LP significantly reduced its holdings in PDF Solutions, Inc. by 74.8%, now owning only 48,513 shares valued at approximately $927,000.
• Several institutional investors, including Signaturefd LLC and GAMMA Investing LLC, have increased their positions in PDF Solutions, indicating varying investor sentiment.
• Analysts have mixed views on PDF Solutions, with ratings changing from "strong-buy" to "hold" and a recent price target adjustment from $37.00 down to $31.00.

Royce & Associates LP reduced its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 74.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,513 shares of the technology company's stock after selling 144,187 shares during the period. Royce & Associates LP owned about 0.12% of PDF Solutions worth $927,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Needham Investment Management LLC lifted its stake in shares of PDF Solutions by 3.3% in the 4th 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 during the period. Dimensional Fund Advisors LP lifted its stake in shares of PDF Solutions by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company's stock valued at $24,652,000 after purchasing an additional 34,575 shares during the period. Northern Trust Corp lifted its stake in shares of PDF Solutions by 8.8% in the 4th quarter. Northern Trust Corp now owns 405,286 shares of the technology company's stock valued at $10,975,000 after purchasing an additional 32,890 shares during the period. Silverberg Bernstein Capital Management LLC lifted its stake in shares of PDF Solutions by 9.3% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 328,316 shares of the technology company's stock valued at $6,274,000 after purchasing an additional 27,980 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of PDF Solutions by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 154,887 shares of the technology company's stock valued at $2,960,000 after purchasing an additional 3,525 shares during the period. 79.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Michael B. Gustafson acquired 7,500 shares of PDF Solutions stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $19.45 per share, for a total transaction of $145,875.00. Following the completion of the transaction, the director owned 30,074 shares of the company's stock, valued at approximately $584,939.30. The trade was a 33.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PDFS shares. DA Davidson upgraded shares of PDF Solutions to a "strong-buy" rating in a research note on Tuesday, July 22nd. Rosenblatt Securities reduced their price objective on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

PDF Solutions Price Performance

NASDAQ:PDFS traded down $0.43 during trading hours on Friday, reaching $21.80. 136,210 shares of the company were exchanged, compared to its average volume of 242,984. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.27. The stock's 50-day moving average is $21.27 and its 200-day moving average is $21.57. The firm has a market cap of $853.25 million, a PE ratio of 727.51 and a beta of 1.46. PDF Solutions, Inc. has a twelve month low of $15.91 and a twelve month high of $33.42.

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.