PDF Solutions, Inc. (NASDAQ:PDFS) Shares Bought by Needham Investment Management LLC

Needham Investment Management LLC grew its holdings in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,817,500 shares of the technology company's stock after purchasing an additional 57,950 shares during the period. PDF Solutions comprises approximately 3.8% of Needham Investment Management LLC's holdings, making the stock its largest holding. Needham Investment Management LLC owned approximately 4.69% of PDF Solutions worth $49,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV increased its stake in PDF Solutions by 91.6% in the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company's stock worth $54,000 after purchasing an additional 956 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of PDF Solutions during the fourth quarter valued at $136,000. KLP Kapitalforvaltning AS purchased a new position in shares of PDF Solutions during the fourth quarter valued at $160,000. Empowered Funds LLC purchased a new position in shares of PDF Solutions during the fourth quarter valued at $165,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of PDF Solutions during the fourth quarter valued at $232,000. Hedge funds and other institutional investors own 79.51% of the company's stock.

PDF Solutions Stock Performance

PDFS traded down $0.79 on Friday, hitting $19.70. The company had a trading volume of 263,934 shares, compared to its average volume of 189,192. The stock has a fifty day moving average price of $19.04 and a 200-day moving average price of $24.78. PDF Solutions, Inc. has a 12-month low of $15.91 and a 12-month high of $39.70. The stock has a market capitalization of $771.04 million, a price-to-earnings ratio of 197.00 and a beta of 1.47.

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

Insider Buying and Selling at PDF Solutions

In other PDF Solutions news, Director Michael B. Gustafson purchased 4,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the purchase, the director now owns 22,574 shares of the company's stock, valued at approximately $520,556.44. The trade was a 21.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Kachig Kibarian purchased 34,356 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $22.80 per share, for a total transaction of $783,316.80. Following the purchase, the chief executive officer now directly 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 have purchased 45,856 shares of company stock worth $1,021,432 over the last quarter. Insiders own 11.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PDFS. StockNews.com lowered PDF Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday. Rosenblatt Securities cut 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. Finally, DA Davidson cut 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.

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.