PDF Solutions (NASDAQ:PDFS) Raised to "Buy" at StockNews.com

StockNews.com upgraded shares of PDF Solutions (NASDAQ:PDFS - Free Report) from a hold rating to a buy rating in a research note published on Tuesday morning.

Other research analysts have also recently issued reports about the stock. Rosenblatt Securities dropped their price objective on shares of PDF Solutions from $37.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, May 5th. DA Davidson lowered their target price on shares of PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

PDF Solutions Stock Down 6.1%

Shares of PDFS traded down $1.19 during mid-day trading on Tuesday, reaching $18.41. 523,347 shares of the company's stock were exchanged, compared to its average volume of 187,389. The company has a 50-day simple moving average of $19.23 and a two-hundred day simple moving average of $25.09. PDF Solutions has a 52-week low of $15.91 and a 52-week high of $39.70. The company has a market cap of $720.55 million, a price-to-earnings ratio of 184.10 and a beta of 1.47.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last issued 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 return on equity of 3.94% and a net margin of 2.26%. The business had revenue of $50.09 million for the quarter, compared to analysts' expectations of $49.40 million. As a group, equities research analysts predict that PDF Solutions will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael B. Gustafson acquired 4,000 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $23.06 per share, with a total value of $92,240.00. Following the purchase, the director now directly owns 22,574 shares of the company's stock, valued at approximately $520,556.44. This represents a 21.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Kachig Kibarian acquired 34,356 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $22.80 per share, with a total value of $783,316.80. Following the completion of the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at approximately $57,162,153.60. This trade 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 owned by corporate insiders.

Institutional Trading of PDF Solutions

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of PDF Solutions by 124.1% during 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 grew its stake in shares of PDF Solutions by 100.8% during the 1st quarter. GAMMA Investing LLC now owns 1,855 shares of the technology company's stock valued at $35,000 after buying an additional 931 shares during the period. KBC Group NV grew its stake 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 buying an additional 956 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $136,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of PDF Solutions during the 4th quarter valued at $160,000. 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.