PDF Solutions (NASDAQ:PDFS) Downgraded by Wall Street Zen to "Hold"

Key Points

• PDF Solutions' stock rating was downgraded by Wall Street Zen from "buy" to "hold" in a recent analysts' report.
• Despite the downgrade, DA Davidson has upgraded the stock to a "strong-buy" while Rosenblatt Securities has set a new price target of $31.00.
• Insider buying was noted with Director Michael B. Gustafson purchasing 7,500 shares of PDF Solutions, increasing his ownership by 33.22%.

PDF Solutions (NASDAQ:PDFS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other brokerages have also issued reports on PDFS. DA Davidson upgraded shares of PDF Solutions to a "strong-buy" rating in a research report on Tuesday. Rosenblatt Securities reduced their target price on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a report on Monday, May 5th.

PDF Solutions Stock Performance

Shares of NASDAQ PDFS traded up $0.02 during mid-day trading on Friday, hitting $23.79. The stock had a trading volume of 122,589 shares, compared to its average volume of 291,559. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.19 and a current ratio of 2.19. The company has a 50 day moving average of $20.92 and a two-hundred day moving average of $21.68. PDF Solutions has a twelve month low of $15.91 and a twelve month high of $36.25. The firm has a market cap of $931.14 million, a PE ratio of 793.26 and a beta of 1.46.

Insider Activity at PDF Solutions

In other PDF Solutions news, Director Michael B. Gustafson bought 7,500 shares of PDF Solutions stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $19.45 per share, with a total value of $145,875.00. Following the completion of the acquisition, the director owned 30,074 shares of the company's stock, valued at approximately $584,939.30. This represents a 33.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.09% of the company's stock.

Institutional Investors Weigh In On PDF Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of PDF Solutions by 124.1% in the 1st quarter. Signaturefd LLC now owns 1,421 shares of the technology company's stock valued at $27,000 after buying an additional 787 shares during the period. GAMMA Investing LLC lifted its holdings in PDF Solutions by 100.8% in the first quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock valued at $35,000 after acquiring an additional 931 shares during the period. CWM LLC boosted its position in shares of PDF Solutions by 94.4% during the 2nd quarter. CWM LLC now owns 1,835 shares of the technology company's stock worth $39,000 after purchasing an additional 891 shares in the last quarter. Strs Ohio purchased a new position in shares of PDF Solutions in the 1st quarter valued at about $105,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of PDF Solutions in the fourth quarter valued at about $136,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

PDF Solutions Company 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.