PDF Solutions (NASDAQ:PDFS) Upgraded at StockNews.com

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

Several other equities analysts also recently commented on PDFS. Rosenblatt Securities lowered 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. DA Davidson dropped their price objective on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th.

PDF Solutions Price Performance

PDF Solutions stock traded down $1.19 during mid-day trading on Tuesday, hitting $18.41. The company's stock had a trading volume of 523,347 shares, compared to its average volume of 187,984. The business has a 50 day moving average price of $19.29 and a 200-day moving average price of $25.21. PDF Solutions has a 12 month low of $15.91 and a 12 month high of $39.70. The stock 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 posted its quarterly 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). The company had revenue of $50.09 million for the quarter, compared to the consensus estimate of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. On average, equities research analysts expect that PDF Solutions will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On PDF Solutions

Hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC raised its holdings in PDF Solutions by 17.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock worth $28,802,000 after purchasing an additional 161,306 shares during the period. Raymond James Financial Inc. purchased a new position in shares of PDF Solutions during the 4th quarter valued at about $2,482,000. Bridge City Capital LLC bought a new position in shares of PDF Solutions during the 1st quarter valued at approximately $1,527,000. Needham Investment Management LLC lifted its stake in shares of PDF Solutions by 3.3% during the 4th quarter. Needham Investment Management LLC now owns 1,817,500 shares of the technology company's stock valued at $49,218,000 after buying an additional 57,950 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of PDF Solutions by 14.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company's stock worth $11,338,000 after acquiring an additional 53,037 shares during the period. 79.51% of the stock is currently 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.