Rosenblatt Securities Lowers PDF Solutions (NASDAQ:PDFS) Price Target to $31.00

PDF Solutions (NASDAQ:PDFS - Get Free Report) had its target price reduced by equities researchers at Rosenblatt Securities from $37.00 to $31.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Rosenblatt Securities' price objective suggests a potential upside of 61.54% from the company's previous close.

Several other equities analysts have also recently issued reports on PDFS. DA Davidson decreased 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. StockNews.com upgraded shares of PDF Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd.

PDF Solutions Price Performance

Shares of PDF Solutions stock opened at $19.19 on Monday. PDF Solutions has a 1 year low of $15.91 and a 1 year high of $39.70. The stock has a market cap of $750.60 million, a PE ratio of 191.90 and a beta of 1.62. The firm has a fifty day moving average price of $19.55 and a 200 day moving average price of $25.44.

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

Insiders Place Their Bets

In other news, Director Michael B. Gustafson bought 4,000 shares of the firm'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 transaction, the director now directly owns 22,574 shares in the company, valued at $520,556.44. The trade was a 21.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Kachig Kibarian purchased 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 completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 11.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PDF Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the business. Needham Investment Management LLC raised its holdings in PDF Solutions by 3.3% in 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 acquiring an additional 57,950 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of PDF Solutions by 17.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,063,583 shares of the technology company's stock valued at $28,802,000 after purchasing an additional 161,306 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of PDF Solutions by 3.3% in the fourth quarter. Emerald Advisers LLC now owns 924,345 shares of the technology company's stock valued at $25,031,000 after purchasing an additional 29,097 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PDF Solutions by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 910,314 shares of the technology company's stock worth $24,652,000 after buying an additional 34,575 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in PDF Solutions by 14.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 418,693 shares of the technology company's stock worth $11,338,000 after buying an additional 53,037 shares during the last quarter. 79.51% of the stock is owned by hedge funds and other institutional investors.

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.

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