PDF Solutions, Inc. (NASDAQ:PDFS) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lessened its holdings in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,181 shares of the technology company's stock after selling 25,690 shares during the period. Granahan Investment Management LLC owned approximately 0.33% of PDF Solutions worth $3,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KBC Group NV boosted its holdings in PDF Solutions by 91.6% during the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company's stock worth $54,000 after buying an additional 956 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of PDF Solutions during the 4th quarter worth $136,000. KLP Kapitalforvaltning AS acquired a new stake in PDF Solutions in the 4th quarter valued at about $160,000. Empowered Funds LLC acquired a new position in PDF Solutions during the fourth quarter worth about $165,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of PDF Solutions in the fourth quarter valued at approximately $232,000. Institutional investors and hedge funds own 79.51% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael B. Gustafson acquired 7,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $19.45 per share, with a total value of $145,875.00. Following the transaction, the director now directly owns 30,074 shares in the company, valued at approximately $584,939.30. This represents a 33.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Kachig Kibarian bought 34,356 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the completion of the transaction, the chief executive officer now owns 2,507,112 shares of the company's stock, valued at approximately $57,162,153.60. The trade was a 1.39% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 45,856 shares of company stock worth $1,021,432 in the last 90 days. 11.13% of the stock is owned by company insiders.

PDF Solutions Stock Down 3.6%

Shares of PDFS stock traded down $0.74 during mid-day trading on Friday, reaching $19.76. The company's stock had a trading volume of 103,807 shares, compared to its average volume of 188,296. The company's 50 day simple moving average is $19.08 and its 200-day simple moving average is $24.89. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $39.70. The firm has a market capitalization of $773.19 million, a PE ratio of 197.55 and a beta of 1.47.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). The company had revenue of $50.09 million during the quarter, compared to analysts' expectations of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. As a group, research analysts anticipate that PDF Solutions, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PDFS. DA Davidson reduced their price objective on PDF Solutions from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities reduced their price objective on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, StockNews.com lowered shares of PDF Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday.

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.