Assenagon Asset Management S.A. Increases Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Assenagon Asset Management S.A. grew its position in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 76.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 517,479 shares of the technology company's stock after purchasing an additional 223,376 shares during the quarter. Assenagon Asset Management S.A. owned about 1.35% of PDF Solutions worth $16,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in PDF Solutions in the third quarter worth $35,000. West Tower Group LLC purchased a new position in PDF Solutions in the second quarter worth $42,000. Point72 Middle East FZE purchased a new stake in shares of PDF Solutions during the fourth quarter valued at $42,000. UBS Group AG purchased a new stake in shares of PDF Solutions during the third quarter valued at $47,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of PDF Solutions during the second quarter valued at $56,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PDFS shares. TheStreet raised shares of PDF Solutions from a "d+" rating to a "c-" rating in a report on Wednesday, December 20th. StockNews.com lowered shares of PDF Solutions from a "buy" rating to a "hold" rating in a report on Friday, February 16th.

Insiders Place Their Bets

In other PDF Solutions news, Director Ye Jane Li sold 9,653 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $33.27, for a total value of $321,155.31. Following the completion of the transaction, the director now owns 12,132 shares in the company, valued at $403,631.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.21% of the company's stock.

PDF Solutions Price Performance

NASDAQ:PDFS traded up $0.43 during mid-day trading on Thursday, hitting $33.67. The company's stock had a trading volume of 136,016 shares, compared to its average volume of 192,882. PDF Solutions, Inc. has a 1 year low of $26.12 and a 1 year high of $48.02. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 481.00 and a beta of 1.47. The business's fifty day moving average is $33.43 and its two-hundred day moving average is $31.62.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. PDF Solutions had a net margin of 1.87% and a return on equity of 6.09%. The company had revenue of $41.13 million for the quarter, compared to analyst estimates of $41.00 million. Analysts anticipate that PDF Solutions, Inc. will post 0.36 EPS for the current fiscal year.

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.