Ranger Investment Management L.P. Cuts Stock Position in PDF Solutions, Inc. (NASDAQ:PDFS)

Ranger Investment Management L.P. lowered its stake in PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 886,813 shares of the technology company's stock after selling 97,040 shares during the quarter. PDF Solutions comprises approximately 1.5% of Ranger Investment Management L.P.'s holdings, making the stock its 29th largest holding. Ranger Investment Management L.P. owned 2.29% of PDF Solutions worth $24,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PDFS. Pitcairn Co. lifted its position in shares of PDF Solutions by 3.1% in the fourth quarter. Pitcairn Co. now owns 13,000 shares of the technology company's stock worth $352,000 after buying an additional 390 shares in the last quarter. KBC Group NV boosted its position in shares of PDF Solutions by 91.6% during the 4th quarter. KBC Group NV now owns 2,000 shares of the technology company's stock valued at $54,000 after acquiring an additional 956 shares during the last quarter. Swiss National Bank increased its position in PDF Solutions by 1.7% in the fourth quarter. Swiss National Bank now owns 61,000 shares of the technology company's stock worth $1,652,000 after purchasing an additional 1,000 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of PDF Solutions by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 12,574 shares of the technology company's stock valued at $394,000 after acquiring an additional 1,025 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in PDF Solutions by 13.2% during the 4th quarter. LPL Financial LLC now owns 10,101 shares of the technology company's stock valued at $274,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors own 79.51% of the company's stock.

Insider Buying and Selling

In other news, Director Michael B. Gustafson acquired 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the transaction, the director now directly owns 22,574 shares in the company, valued at approximately $520,556.44. This represents a 21.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Kachig Kibarian bought 34,356 shares of the stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $22.80 per share, for a total transaction of $783,316.80. Following the acquisition, the chief executive officer now owns 2,507,112 shares of the company's stock, valued at approximately $57,162,153.60. This represents a 1.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is currently owned by company insiders.

PDF Solutions Trading Down 3.6 %

NASDAQ PDFS traded down $0.66 on Monday, hitting $17.63. 49,980 shares of the company's stock traded hands, compared to its average volume of 180,533. The firm's 50-day moving average price is $21.71 and its two-hundred day moving average price is $26.76. The firm has a market capitalization of $689.58 million, a PE ratio of 176.30 and a beta of 1.62. PDF Solutions, Inc. has a 1-year low of $15.91 and a 1-year high of $39.70.

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

Wall Street Analysts Forecast Growth

PDFS has been the topic of a number of research analyst reports. Rosenblatt Securities cut their price target on shares of PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Northland Securities restated an "outperform" rating and set a $45.00 price objective on shares of PDF Solutions in a research note on Tuesday, December 24th.

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.